Property photos
Just added
Auction
Freehold
Guide price
£350,000
Industrial for sale
Unit 4, London Road, Baldock, Hertfordshire SG7Local area information
Property location
Nearby amenities
- St John Roman Catholic Primary School 0.1 miles
- Brandles School (SEN) 0.3 miles
- Baldock 0.6 miles
- Letchworth Garden City 1.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
For sale by auction on Wednesday, 24 Jul 2024 at 11:00
Venue: Livestream Auction
Six self contained units generating a gross rental income of £34,464 per annum
Located on the London Road Industrial Estate on the southern side of this historic market town with good road access to the A1m both North and South.
About 6,064 Sq. Ft. Gross Internal Area divided into six self-contained units (referred to as sections of unit 4) which are let on commercial leases generating a gross rental income of £34,464 per annum with sections 3,4,5,6,7 being let separately on individual leases and sections 8 & 9 let together on the same lease. To the side of the building is parking for each section. Please note sections 1 and 2 of the unit (to the rear) have been sold separately.
The current vendor is in the process of renewing the leases on sections 3,4 and 5. If completed before the auction then the rental income will rise to £41,744 Gross pa
If it is not completed by auction day then there is potential for the new owner to conclude the lease renewals as per the redacted HoTs included in the legal pack.
In the main most of the units are self-contained with kitchen and toilet facilities. Each unit is rated separately for Business rates.
Development: Subject to obtaining all relevant permissions, and whilst no formal investigation
has been undertaken the unit sits on a development with some multi storey
buildings and as such it is our opinion there is potential for the addition of either
1 or 2 more floors.
Ground Floor
Six self contained units
Further Information
EPC Ratings
Sections 3,4 & 5 rated E until June 2031
Section 6 rated E until October 2029
Section 7 rated D until June 2031
Sections 8 & 9 rated E until February 2029
Business Rates
Section 3 £6,600
Section 4 £6,200
Section 5 £4,150
Section 6 £2,600
Section 7 £2,275
Sections 8 & 9 £4,400
Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Six self contained units generating a gross rental income of £34,464 per annum
Located on the London Road Industrial Estate on the southern side of this historic market town with good road access to the A1m both North and South.
About 6,064 Sq. Ft. Gross Internal Area divided into six self-contained units (referred to as sections of unit 4) which are let on commercial leases generating a gross rental income of £34,464 per annum with sections 3,4,5,6,7 being let separately on individual leases and sections 8 & 9 let together on the same lease. To the side of the building is parking for each section. Please note sections 1 and 2 of the unit (to the rear) have been sold separately.
The current vendor is in the process of renewing the leases on sections 3,4 and 5. If completed before the auction then the rental income will rise to £41,744 Gross pa
If it is not completed by auction day then there is potential for the new owner to conclude the lease renewals as per the redacted HoTs included in the legal pack.
In the main most of the units are self-contained with kitchen and toilet facilities. Each unit is rated separately for Business rates.
Development: Subject to obtaining all relevant permissions, and whilst no formal investigation
has been undertaken the unit sits on a development with some multi storey
buildings and as such it is our opinion there is potential for the addition of either
1 or 2 more floors.
Ground Floor
Six self contained units
Further Information
EPC Ratings
Sections 3,4 & 5 rated E until June 2031
Section 6 rated E until October 2029
Section 7 rated D until June 2031
Sections 8 & 9 rated E until February 2029
Business Rates
Section 3 £6,600
Section 4 £6,200
Section 5 £4,150
Section 6 £2,600
Section 7 £2,275
Sections 8 & 9 £4,400
Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Floor plans and tours
Floor plans (1)
More information
Listed by
Auction House East Anglia
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