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Lot 23 Withdrawn Prior
Refer

Electricity Sub-Station, Baker Street, Shipley, West Yorkshire BD18 3JE

  • Photo1
  • Photo2

Lot 23   Click here for addendum

Freehold Investment/Development Opportunity
6 Week Completion

Situation

Located on the junction with Saltaire Road approximately ½ a mile from Shipley town centre. Shipley is an historic market and tourist town, famous for the UNESCO World Heritage Site of the Industrial Village of Saltaire, situated approximately 10 miles north-west of Leeds.

Property

A single storey building comprising a brick-built Electricity Sub-Station located at the end of a row of garages.

Accommodation¹

Electricity Sub-Station
Built Width 17'10"
Built Depth 16'4"

¹Not inspected by Barnett Ross.

VAT is NOT applicable to this Lot

FREEHOLD


Tenancy

The entire property is let on a full repairing lease to Northern Powergrid (Yorkshire) Plc (T/O for Y/E 31/12/2021 £467m, Pre-Tax Profit £175m and Shareholders' Funds £1.628bn) for a term of 60 years from 1st May 1961 (Holding Over) at a fixed ground rent of £10 per annum exclusive.

Note: There may be potential to convert the building to a Double Garage, subject to obtaining possession and the necessary consents.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.