Light Industrial for saleCambray Works, Stickfast Lane, Bobbing, Sittingbourne, Kent
Guide Price* £800,000
- Available Post Auction
- Auction Date : 31 October 2016
- Lot Number : 76
- Freehold Commercial Investment And Further Land With Potential
- Commercial Investment
- *Guide Price : £800,000 - £810,000
Full descriptionSituated on the outskirts of the village of Bobbing close to the A249 which allows easy access to the M2 and M20 motorways as well as the Isle of Sheppey.
The premises comprise a range of former farm buildings which have been converted to a high standard to provide offices, together with a purpose built workshop and yard.
The majority of the site is let to established building contractor, B.W.May & Sons Ltd (formed in 1971) and acts as their administrative headquarters and working yard.
Main Office Building
Single storey brick built converted farm outbuildings arranged to provide seven offices, board room, two store rooms, reception, filing room, staff cloakroom and kitchen.
Purpose built unit of brick and profiled metal cladding arranged to provide two workshop areas with separate offices and canteen room on the first floor.
Car and lorry parking area.
Let under the terms of a 25 year lease from 17th April 2006 at an initial rental of £72,000 per annum with rent reviews every five years and no break clauses.
The lease is effectively fully repairing and insuring with the landlord insuring and then recovering the costs from the tenant as ‘insurance rent’. A copy of the lease will be available for inspection at the Auctioneer's Office. Tel: 01622 608400.
In addition to the site let to B. W. May & Sons Ltd there is additional land extending to approximately 0.24 hectares (0.59 acres) and located to the rear of the joinery workshop.
Planning Permission was granted by Swale Borough Council on this land under ref: SW/03/0849, dated 3rd September 2003, for the construction of a rear extension to the joinery workshop (creating an additional 430 sq.m. workshop space), subject to conditions.
This Planning has lapsed, however, it is considered that the land may offer potential for the construction of a detached industrial workshop or office building, subject to all necessary consents being obtainable.
Interested applicants are advised to make their own enquiries with the Local Planning Authority, Swale Borough Council. Tel: 01795 417850. Website: swale.gov.uk.
Strictly by confirmed prior appointment with the Auctioneer's Office. Under no circumstances are prospective buyers to contact the tenant directly.
The Lot will be granted a right of way by the seller. This is coloured brown on the location plan. The area hatched on the location plan denotes a provision within B. W. May & Sons Ltd’s lease which allows the freeholder a right of way in order to access the land to the rear of the joinery workshop.
Commercial EPC: D
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, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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