Lot 3 - Rink House & The Rink Centre, Rink Drive, Swadlincote, Derbyshire, DE11 8JL
- Unconditional Online Auction Sale
- Guide Price* : £1,275,000 plus
- Commercial Investment
- Let to Derbyshire County Council
- Combined rent of £111,000 per annum
- Two detached 2 storey office/commercial buildings
Commercial investment let to the Derbyshire County Council at a combined rent of £111,000 per annum
Description
The property comprises two detached two storey office/commercial buildings; Rink House that is used by the Council as a Youth Information Centre and The Rink Centre which is the Swadlincote Adult Education Centre.
Location
Swadlincote is a historic town in South Derbyshire, England, situated near the borders of Staffordshire and Leicestershire. It lies approximately five miles southeast of Burton upon Trent and about 12 miles southwest of Derby. Swadlincote is the largest town in South Derbyshire and serves as the district's main administrative and commercial center.
The properties are situated in the town centre and lie between the High Street and a Morrisons Supermarket and The Pipeworks retail and Leisure Park. On Rink Drive there are a mixture of other commercial uses and a long stay car park.
Tenure
Freehold.
Accommodation
We have not inspected internally and the following areas have been obtained from the business rates valuation:
Rink House: 347.50 sq. m (3,740 sq. ft)
The Rink Centre: 878.70 sq. m (9,458 sq. ft)
Outside
Open surfaced car park between the buildings for approximately 23 vehicles.
Tenancies
1) Rink House is let to Derbyshire County Council on a full repairing and insuring lease for a term of 10 years 5 December 2023 at an initial rent of £38,000 per annum. There is a rent review and break option on 5th September 2028, with a break payment of £8,500 plus VAT.
2) The Rink Centre is let to Derbyshire County Council on a full repairing (subject to a schedule of condition) and insuring lease for a term of 10 years 5 December 2023 at an initial rent of £73,000 per annum. There is a rent review and break option on 5th September 2028, with a break payment of £8,500 plus VAT.
EPC
Energy Asset Rating is B (The Rink Centre) and both have a DEC of D.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £3,600 (inc VAT) payable upon exchange of contracts.Additional Information
1.The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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