FOR SALE BY AUCTION - LOT 22
VACANT WAREHOUSE/INDUSTRIAL UNIT
A mid-terrace 1950-60s built steel truss framed warehouse building constructed of brick elevations to a pitched roof arranged mainly over the ground floor with a clear open plan layout. Goods access to the warehouse is provided via a roller shutter loading door and a dedicated loading bay via the front of the property where there is also ample off street parking for vehicles. Office accommodation is situated to the front and rear of the building.
Location
The property is situated on Minerva Road, just off Park Royal Road and is close to its junction with Chase Road which is in close proximity to North Acton tube station (Central Line). The A40 Western Ave is within a short distance and affords easy access to the West End and also to the A406 North Circular Road and the wider motorway network via the Hanger Lane gyratory system.
Park Royal itself has long been established as one of the major industrial centres in the London area and the largest in Europe.
Accommodation
Warehouse - 5,092 Sq Ft (473.06 Sq M)
Ground Floor Office - 164 Sq Ft (15.24 Sq M)
First Floor Office (Front) - 790 Sq Ft (73.39 Sq M)
First Floor Office (Rear) - 941 Sq Ft (87.42 Sq M)
Total¹ - 6,988 Sq Ft (649.21 Sq M)
¹ Approximate Gross Internal Areas (GIA)
Terms
EPC: Refer to Legal pack
VAT payable (if applicable)
PRICE INFORMATION
*Guide Price: This is an indication of the seller's current minimum acceptable price at Auction. The guide price is given to assist prospective buyers 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. *Reserve Price: 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.
ADDITIONAL COSTS
*Please note that the following additional fees will apply to the purchase of your property: 1. A successful purchaser will have to pay a buyer's premium of £750 plus VAT directly to the Auctioneer 2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to prospective buyers prior to Auction. Buyers will be will be expected to sign this document as well as the Sales Memorandum at the time of purchase. 3. Stamp Duty will have to be paid in addition to the sale price. Stamp Duty rates are available online 4. Prospective buyers must factor in solicitor fees and any survey fees 5. Insurance - it is the responsibility of the buyer to insure the property purchased from the date of exchange.
Specification
- Estimated Rental Value: £84,000 pa
- Owner occcupation opportunity
- Rare freehold opportunity
- Front forecourt
- Situated in the heart of Park Royal
- Direct access to A40 & A406
- Close proximity to Central London