Next auction Thursday 20th June 2.30PM

Telecoms Mast, Roadways & Land at Stoney Cross Business Park, Stoney Gate Road, Spondon, Derby, DE21 7NS



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Guide price

£65,000+


Property Type

Investment


Key Features

  • A freehold investment opportunity comprising a Telecoms Mast, Land & Roadways
  • Benefits from collecting the management fees of £2,250 pa for administrating the annual Estate service charge budget & a rental income from the Telecoms Mast of £13,801.99 pa
  • Ideal for investors & management companies

Part of the 26 October 2023 auction
The Nottingham Racecourse at 2.30PM

A freehold investment opportunity comprising a Telecoms Mast, Land & Roadways with the benefit of collecting the management fees for administrating the annual Estate Service Charge budget.

  • Situated within an established industrial Business Park
  • Surrounded by modern office & industrial units
  • A 2 minute walk from Spondon Train Station
  • Approximately 2.7 miles East of Derby City Centre
  • Close to Pride Park with excellent amenities
  • Just off the A52 & 6 minute drive to J25 of M1
  • Telecoms Mast let and producing £13,801.99 pa
  • Mast recently updated and review settled
  • Annual service charge management fees of £2,250 pa
  • Active management opportunity
  • Ideal for investors & management companies

Roadside only

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to the existing tenancies. Telecoms Mast currently achieving £13,801.99 per annum (rent review recently settled). Land & Roadways are the beneficiary of the annual Service Charge Budget of £12,450 of which £2,250 is allocated as Management Fees

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