Property Description

A freehold investment opportunity comprising 5 units located in Chesterfield. The industrial site extends to circa 1.532 acres and has a Gross Internal Area of 1272.11 sq.m (13,692 sq.ft). The accommodation comprises - Unit A1 - Let to MSL Pumps Ltd held on a 6 year term commencing 01/03/2023 having a rent review on 01/03/2026 and extending to 2,300 sq.ft with a current rent passing of £12,650 per annum. Unit A3 - Under offer and extends to 1,550.00 sq.ft. Proposed rent of £11,900 per annum. Unit B1 - Let to MNS Mouldings Ltd held on a 3 year term commencing 21/02/2024 and extending to 3,487 sq.ft with a current rent passing of £24,295 per annum. Unit B2 - Let to Adult Education Toolbox held on a 5 year term commencing on the date of sale completion and extending to 2,325 sq.ft with a current rent passing of £15,114 per annum. Unit B3 - Let to Junction 29 Plastics Ltd held on a 12 year lease commencing 01/06/2025 having a rent review on 01/06/2028 and extending to 3,487 sq.ft with a current rent passing of £22,750 per annum. TOTAL INCOME - £74,809 per annum potentially rising to £86,709 per annum (subject to new lease on unit A3). The units are located on Stainsby Close forming part of the Holmewood Industrial Estate positioned within a short drive to J29 of the M1 south-east of Chesterfield. The property benefits from an excellent roadside profile in amongst a mix of regional and national businesses. Interested parties are advised to inspect the legal pack for more information and make all necessary independent enquiries prior to placing their bid as this will be binding.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure

Freehold

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