Heavy Industrial in Rotherham

Land and Buildings On The North West of Northfield Road, Northfield, Rotherham S60 1RR
  • Lot No: 60
  • Property Type: Heavy Industrial
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £950,000+ plus fees

Result Sold at Auction £1,000,000

Property Description

Substantial heavy engineering complex occupying a site of 1.96 acres, we are advised currently let producing £180,000 per annum. We have not been provided with copies of the Tenancy Agreements and/or Leases and cannot therefore confirm the rental figure. The receivers believe the site to be a substantial heavy engineering complex extending to a total gross internal floor area of approximately 54,000 square foot, occupying a site of 1.968 acres. The site is located within an established engineering area, less than one mile to the north of Rotherham Town Centre, close to the Sheffield and South Yorkshire Navigation Canal and the River Don. The site is fully secure with barrier-controlled access and CCTV throughout. There is also potential to further develop and utilise parts of the site. Prospective buyers are advised to 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

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th July 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Land and Buildings On The North West of Northfield Road, Northfield, Rotherham S60 1RR