Dawsons Lane Enterprise Centre, Dawsons Lane, Barwell, Leicestershire LE9 8BE

Online Auction - 10th - 11th December 2024

Freehold Industrial Estate Investment – Currently Producing £197,440 p,a – ERV When Fully Let £279,344 pa

Dawson's Lane Enterprise Centre is multi-let industrial and office estate currently comprised of 35 units (28 industrial units, 6 offices and a yard) totalling approximately 70,219 sq,ft,
The Estate is currently producing rental income of £197,440 per annum equating to a low average rent of £3.94 per sq.ft.
We understand that when fully occupied the Estate could produce £279,344 per annum.

A purchase at the guide price would equate to a capital value of £22.78 per sq. ft, with a net yield of 11.27% and reversionary yield of 15.95% (assuming purchasers’ costs of 6.16%)

The site comprises 2.3 acres, which represents a 46% site coverage

The industrial site provides the flexibility to combine multiple units to create larger space for occupiers, with a number of tenants occupying more than one unit. Access to the suites are through separate entrances on different levels. There are shared facilities on the ground floor for the units. There is a large yard area with one tenant renting space for 6 containers, with other tenants having demised spaces allocated to their leases.

Location
Barwell is a large village in Leicestershire on the northern outer edge of Hinckley, historically known for its manufacturing of textiles, hosiery and footwear.
The village has easy access to the A47 and in close proximity to the M1, M5 and M6. Hinkley is 3 miles to the south west, 12 miles from Leicester to the north east and 17 miles from Coventry to the south west. The property is situated on the south side of Dawsons Lane in a mixed area of industrial and residential uses.

Tenure: freehold
Title number: LT234259
Local Authority: Hinckley and Bosworth

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
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Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Freehold

EPC Rating: D

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.