COMMERCIAL INVESTMENT DEVELOPMENT OPPORTUNITY
Wixenford Depot, Plympton, PL9 8AA
- 1
Key features
Guide Price: *
£268,500
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£268,500Bid history
1 bidI
30/07/2024 08:18:11 - £268,500
LOT 2
Bounded by rural fringes is this substantial investment and potential redevelopment opportunity being located coveniently for Plymstock and in turn Plympton, on the outskirts of the City of Plymouth.
These properties, offer vast potential for all investor-types, briefly comprises a range of vacant and tenanted lock-up units, stores and workshops along with a range of stunning period barns, outbuildings and land. There is graphic potential for an uplift in rental incomes as these have largely been untouched for the last 20 years but also offers scope for future development from either commercial, industrial and maybe even residential angles, subject to all the necessary consents being obtainable.
LOCATION
The estate is located on the outskirts of Plymstock, near to Plymouth and thus offers easy access to major transportation routes and other amenities, making it an attractive location for both industrial and residential users. The property is located approximately 3.5 miles from Marsh Mills roundabout and approximately 6 miles from the City Centre.
TENURE
Freehold subject to a range of verbal and written commercial leases and licenses. The agents have not had sight of all the verbal and written agreements in place and we would refer you to the legal pack for further information in this respect.
See tenancy schedule below and auction legal pack (in legal documents section further on) for additional information.
ACCOMMODATION
COMMERCIAL.
The commercial accommodation of this investment consist of small flexible workshop units with refurbishment potential to realise reversionary rental uplift in the future. The units benefit from access to services including power, water and drainage with some units benefitting from rear loading doors and separate access. The site also benefits from shared w/c facilities as well as shared parking onsite.
TENANCY SCHEDULE
UNIT 1 - VACANT.
UNIT 3 - Occupied although tenancy/lease has been lost. Rents reserved of £360 per calendar month.
UNIT 4 - VACANT.
UNIT 7 - Occupied under a verbal tenancy. Rents reserved of £360 per calendar month.
UNIT 8 - Occupied under a verbal tenancy. Rents reserved of £500 per calendar month.
UNIT 9 - Occupied under a verbal tenancy. Rents reserved of £595 per calendar month.
WHAT3WORDS
both.small.action
EPC's
Ratings from D - G and Exempt ones.
BUSINESS RATES
Please visit the Government website on: Find a business rates valuation - GOV.UK (www.gov.uk)
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal and finance enquiries prior to the auction.
Auctioneers Note: The buyer is required to reimburse the seller by way as a contribution towards the sellers legal disbursement costs. Please refer to the auction legal pack for further information.
Summary
- Auction end
- 31st Jul at 16:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 5+
- Bathrooms
- 4+
- Council tax band
- Ask Agent
Summary
- Auction end
- 31st Jul at 16:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 5+
- Bathrooms
- 4+
- Council tax band
- Ask Agent
This property is being sold by:
247 Property Auctions
01395247000
info@247propertyauctions.co.uk
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
