The property Is held under 3 separate titles as follows:
Title No: LA216003
Property description: Land & Building lying to the north west of Syren street
Date of lease: 11 March 1911 and 14 October 1913
Term: 999 years from 25 March 1910 and 25 March 1913.
Title no: LA285993
Demise: Land & Building lying to the southwest of Brasenose Road
Date of Lease: 21 October 1971
Term: 99 Years from 1 January 1971
Initial rent: £180 subject to review on 20th, 40th, 60th and 80th year of the term
Title number: MS5386428
Demise: Tarmac area to front of workshop
Vacant warehouse with yard and workshop extending to approximately 1,896.36 sqm (20,413 sq ft) 0.181 hectares (0.446 acres) Suitable for re-development subject to the necessary planning contents.
The property previously formed part of a larger foundry works and provides a vacant warehouse with yard and a further workshop unit.
Warehouse and yard: The main warehouse is four storey brick construction set beneath a pitched roof and incorporating glazed/barred windows. The building at first floor level spans across the access rout with steel frame platform to the rear of the property.
Internally the ground floor has pedestrian access and two vehicle entry points to the south elevation. One has been boarded up and the other is open. The first floor has been divided and to the south elevation are toilet facilities. The second/third floors provide similar accommodation to the ground. The finish of the warehouse is concrete floor, brick walls and fluorescent lighting.
Externally there is a predominantly square yard area of hard standing/gravel finish.
Workshop: The unit is of single storey brick construction incorporating roller shutter vehicle access to the east elevation, all set beneath a pitched metal roof with translucent roof lights. Internally the worshop provides open space with WC, Office and mezzanine leval to the south east corner.
Sutton Kersh - Auctions
2 Cotton Street,
t. 0151 207 6315
f. 0151 207 6316
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An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
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