Lot 1

LAND AND COMMERCIAL INVESTMENT

Land & Roadway, Lakeside Industrial Estate, Cotswold Dene, Standlake, Oxfordshire, OX29 7PL
Sold After

Currently let at £7,920 per annum

An area of Freehold land and roadways at Lakeside Industrial Estate to the west of the A415 approximately four and a half miles south of Witney and the A40.

The Lot comprises of roadways to the industrial units and communal open space and pond bordering the main road. Each of the commercial units contribute to the maintenance of these areas. Furthermore a small section of land (highlighted blue) is leased to one of the businesses.

Tenancy

A small parcel of land (highlighted blue on the location plan) is leased to Pizza Express (Restaurants) Ltd for a term from and including 26th September 2016 and expiring on midnight on
8th February 2031 at a current rental of £7,920 per annum with a review every third anniversary of the commencement date.

Viewing

Interested parties can view directly on site, at any reasonable time, at the sole risk of the viewer. Care must be taken to avoid trespass
en-route.

Site Management

The current owners manage (which we are advised by the Seller, are adopted) the roadways and land for which each of the businesses on site pay a contribution plus an administration/management fee. Further information will be available within in the legal documents available from the Clive Emson website or for inspection at the Auctioneer’s office.

Important

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 Auction Day.

* Price Information

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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/