Property Details
Pugh Auctions
Lot 130
Lot 130
Auction: October 2016 (L)

Victoria Mills, Milethorn Lane, Doncaster, South Yorkshire, DN1 2SX

Property Details
Location

The property is located approximately 500 metres to the north east of Doncaster town centre towards the Wheatley Hall Road commercial area. The property is situated just off Church Way (A630) having access from Milethorn Lane, immediately to the rear of Homebase.

Description

The main Victoria Mill is a three storey building providing largely open plan industrial accommodation. In addition there are a range of single storey industrial units on the site most with roller shutter door access. Many of the current leases have been agreed on an rising rental basis as such the rentals under the current agreements should increase to ú117,876 in year 2 and ú130,876 in year 3.

Accommodation

We have been informed by the vendor that the property extends to the following gross internal floor areas:- Victoria Mills: Factory and Warehouse: 2,973 sq m (32,002 sq ft) Detached Industrial Units (Unit 1 - 4a): Workshop and Warehouse: 1,589 sq m (17,109 sq ft) Detached Workshop (Unit 6): Workshop: 156 sq m (1,684 sq ft) Offices/Retail (Unit 7 and 8/9) 246 sq m (2,648 sq ft) Total GIA: 4,964 sq m (53,443 sq ft)

Outside

Yard area and parking.

Approx Site Area

Approximately 1.25 Hectares (3.09 Acres).

Tenure

Freehold.

Planning

Interested parties should consult direct with the Local Planning Office, Doncaster Council, Development and Planning, 4th Floor, Civic Office, Waterdale Doncaster, DN1 3BU. Tel: 01302 736 000.

Tenancy

Unit Sq m Sq ft Agreement Rent 1 433 4,661 10 Year Lease from 01/07/2006 ú13,500 pa 2 438 4,715 3 Year Lease ú8,000 pa 3 378 4,069 6 Year Lease from 01/04/2013 ú7,500 pa 4 362 3,900 3 Year Lease from 12/12/2015 ú10,200 pa 4A 93 1,000 Being on licence to occupy, 6 months renewable 5 1,174 12,632 5 Year Lease from 01/03/2013 ú26,500 pa 5A 1,129 12,150 3 Year Lease from 23/12/2015 ú18,000 pa 6 138 1,485 3 Year Lease from 01/02/2016 ú6,000 pa 7 43 463 3 Year Lease from 01/10/2013 ú3,000 pa 8 127 1,367 3 Year Lease from 15/09/2016 ú6,000 pa 9 173 1,862 6 Month Licence ú5,373 pa Total 4,488 48,304 ú104,073 Note - Rents rise to ú117,876.96 in year 2 and ú130,876.96 in year 3

General

Many of the leases are on a rising rental basis with the rental level to increase to over ú130,000 per annum in 2 years time. We are informed by the landlord that the majority of tenants have been in occupation for a number of years and the most of leases are also outside the security of tenure provisions of the Landlord and Tenant Act. Interested parties are advised to check the legal documentation for further information.

Addendum

The parcel of land adjacent to Unit 5 has been leased by the tenant of Unit 5 on the same terms as their existing lease art a rent of ú2,000 per annum Bidders please note the plan shown is for identification purposes only.

Property Location Address:
Victoria Mills,
Milethorn Lane,
Doncaster,
South Yorkshire,
DN1 2SX
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Auction Details
Auction: October 2016 (L) Date: 20th October 2016 Lot Number: 130 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
Leeds United Football Club,
Leeds,
LS11 0ES

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