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12.95 acres, Investment Opportunity, Lindholme, Hatfield, Doncaster, South Yorkshire
For Sale - £300,000

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DESCRIPTION
Gas compound and adjoining land extending to approximately 5.24 hectares (12.95 acres). The site is accessed by Rights of Way from Moor Dyke Road and from the A614. The gas site is well maintained, and the surrounding land allows for potential future expansion, subject to obtaining the relevant planning permissions. We are required to make interested parties aware that the land to the south of the leased compound, has had historic contamination. The seller has undertaken decontamination works but cannot provide any warranties.

LOCATION
Located in South Yorkshire, 7 miles east of Doncaster City and only 4 miles by road from the M18 and M180 intersection, this property is well positioned and offers good access to the road network. The nearest postcode is DN7 6EE.

INVESTMENT INCOME
The lease commenced in 1999 for a 25-year term at an initial rent of £25,000/pa. Rent reviews are linked to RPI. The rent passing is as follows:
2013/14 - £37,606
2014/15 - £38,646
2015/16 - £39,074
2016/17 - £39,594
2017/18 - £40,619
2018/19 - £42,225

TENURE AND POSSESSION
The property is freehold and is subject to a lease. The property is subject to a lease is favour of Scottish Power plc. Commencing on the 1st March 1999, the initial term expires on the 28th February 2024. The Tenant has a right to renew for a second 25 year term on the existing terms with a continuing rent. The Tenant is required to contribute to the upkeep of the access road. The full lease is available on request from the Selling Agents. A clawback will be applied in the event of planning permission being granted for development other than as a utility infrastructure site. The clawback will be for 10% of the uplift in value for a period of 25 years.

WAYLEAVES, EASEMENTS, RIGHTS OF WAY AND MINERAL RIGHTS
A Right of Way to the public highway will be granted for all purposes by the seller. The property is sold subject to and with the help and benefit of all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights, easements, quasi-easements and all wayleaves whether referred to or not in these particulars. Mineral rights are excluded from the sale. We recommend interested parties review the legal title and consult with their solicitor regarding existing rights.

VALUE ADDED TAX
Should any sale of the property, as a whole or in lots, or any right attached to it become a chargeable supply for the purpose of VAT, such tax shall be payable by the Buyer in addition to the contract price.

EXCHANGE OF CONTRACTS AND COMPLETION
Exchange of contracts will take place as soon as possible following the acceptance of an offer. A 10% deposit will be payable on exchange.

METHOD OF SALE
The property is offered for sale by Informal Tender. Tenders should be submitted in writing and in an envelope marked for the attention of James Walton and clearly marked 'GAS COMPOUND' and delivered to the Brown & Co Brigg Office by 12 noon on Friday 2nd August. Please contact the Brown & Co Brigg Office for a tender form.

VIEWINGS
ALL VIEWINGS MUST BE BY ARRANGMENT. In order to gain vehicle access to the property viewers must approach from the south through HMP Moorland. Viewers will pass through the prison site and an alarmed gate. You must register your vehicle with us in advance, please arrange a viewing 48 hours before attending. Viewers may not enter the utility site for safety reasons.

ANTI MONEY LAUNDERING LEGISLATION
In accordance with the most recent Anti Money Laundering Legislation, buyers will be required to provide proof of identity and address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

SELLING AGENTS
James Walton
6 Market Place, Brigg, North Lincolnshire DN20 8HA
01652 654833
james.walton@brown-co.com

Anita Riggall
6 Market Place, Brigg, North Lincolnshire DN20 8HA
01652 654833
anita.riggall@brown-co.com

Disclaimer

Property Ref.37331_425593. The information about this property is an advertisement displayed on our website by the agent referred to above. This advertisement does not comprise property particulars. AMC does not warrant its accuracy or completeness or the accuracy or completeness of any linked or associated information. Please see website terms of use