* Generating an income of 128, 000pa
* Mixed Use Business Park
* Situated by the main A52 trunk road
* For Sale By Online Auction - Terms & Conditions apply
**Summary**
*for sale via online auction* terms and conditions apply*
We are pleased to offer to auction this high income generating Mixed Use
Business Park, with further adjoining amenity land of approximately 3 acres
(1. 23 ha) situated by the main A52 trunk road at Croft Bank by the Wainfleet
Bypass between Skegness and Boston. This income producing investment and
development opportunity comprises approx. 3 acres of developed Business Park
housing 16 Units consisting Warehousing/Distribution and Office Units plus a
canopy extension on a mainly concrete surfaced site. A further 3 acres (sts)
of amenity land is situated directly to the north of the Business Park also
leading up to the A52 Main Road.
The Business Park itself is currently generating an income of 128, 000pa with
potential for full occupancy rates of circa 170, 000pa.
The Business Park and Amenity Land, fronting the A52, consists of 16 Units,
Unit 1 being an Office Complex with the remaining 15 Units forming
Warehousing, Distribution and Workshop premises. In recent times the Business
Park has experienced investment to modernise and adapt some of the warehouses
to accommodate tenant's requirements through updating interiors and installing
roller shutter doors. The total accommodation provided by the 16 units is just
over 64, 000 sq ft.
Tenants have taken the units due to the wide range of premises sizes,
ancillary accommodation, parking facilities, hgv usage and excellent main road
network access.
Immediately to the northern boundary, The Business Park also comes with a
parcel of amenity land, approximately 3. 03 Acres (1. 23 ha). A pre - planning
application for advice on the amenity land was submitted on the 31 December
2021 to see, in principle if the Business Park could be extended onto
approximately 3 acres of the Amenity Land. East Lindsey District Council
regarded "the principle of the proposal as being in keeping with Local Plan
policy and national guidance. A copy of the letter can be provided for
interested parties.
The Site offers several business opportunities, potential self occupation to
part of the site, income generation and potential re - development.
Please note we have not inspected this property.
**Location**
This substantial Business Park is situated directly by the A52 at Croft in the
district of East Lindsey between Skegness (4. 8 miles) and Boston (19. 2 miles).
The A52 provides further connection to regional centres including Grantham,
Nottingham and Derby.
**Accommodation**
The business park consists of 16 Units, Unit 1 being an Office Complex with
the remaining 15 Units forming Warehousing, Distribution and Workshop
premises.
The total accommodation provided by the 16 units is just over
64, 000 sq ft.
Immediately to the northern boundary, The Business Park also comes with a
parcel of amenity land, approximately 3. 03 Acres (1. 23 ha). A pre - planning
application for advice on the amenity land was
submitted on the 31 December 2021 to see, in principle if the Business Park
could be extended
onto approximately 3 acres of the Amenity Land
**Tenure**
Freehold. Title number LL286560
**EPC**
The following EPC ratings are listed under the non
domestic rating list: -
Unit 1, Energy Rating D (92)
Unit 1a, Energy Rating E (120)
Unit 2, Energy Rating C(67)
Units 3, 4 & 7, Energy Rating D(84)
Unit 5, Energy Rating D(77)
Unit 6, Energy Rating C(67)
Units 13 & 14, Energy Rating D(83)
Unit 16, Energy Rating D(96)
**Additional Information**
For further information please contact our office direct on , or alternatively
via e - mail on . With regards to viewing the subject property, this is to be
done strictly by appointment through Keith Pattinson Commercial department.
Please contact us to arrange an internal inspection, or to register your
interest.
**Auctioneers Additional Comments**
Pattinson Auction are working in Partnership with the marketing agent on this
online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will
require your details to be shared between both the marketing agent and The
Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or
unconditional (Traditional) auction terms and overseen by the auctioneer in
partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the
Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the
Marketing Agents website.
**Auctioneers Additional Comments**
Your details may be shared with additional service providers via the marketing
agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view
upon request and contains details relevant to the legal documentation enabling
all interested parties to make an informed decision prior to bidding. The
Legal Pack will also outline the buyers' obligations and sellers' commitments.
It is strongly advised that you seek the counsel of a solicitor prior to
proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer,
all bidders/buyers will be required to adhere to a verification and identity
process in accordance with Anti Money Laundering procedures.
**Auctioneers Additional Comments**
In order to secure the property and ensure commitment from the seller, upon
exchange of contracts the successful bidder will be expected to pay a non -
refundable deposit of 5% of the purchase price of the lot subject to any
special conditions detailed in the legal pack. The deposit will be a
contribution to the purchase price. A non - refundable reservation fee may also
be payable upon agreement of sale (Details of which can be obtained from the
auctioneers website). The Reservation Fee is in addition to the agreed
purchase price and consideration should be made by the purchaser in relation
to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or
beneficial to the customer to pass your details to third party service
suppliers, from which a referral fee may be obtained. There is no requirement
or indeed obligation to use these recommended suppliers or services.

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