Sold for £45,000

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Freehold site of 0.64 acres comprising a telecommunications aerial site producing rent of £4,706 pa. plus highway, paths and verges.

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Description/Location

The land is situated at Stanford Drive and Charlbury Close, the aerial site is let to EE Ltd & Hutchinson Telecoms for 20 years from 24/01/2006 with rent reviews every 5 years, we are advised the last review is outstanding.

Tenure

Freehold

Local Authority

Maidstone Borough Council

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Rent

Current Rent: £4706.85 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.