An advertising hoarding and land. The hoarding is let producing £1500 pa.

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Description/Location

Situated directly opposite the Iceland Supermarket in a mixed residential/commercial area. 1 x 48 sheet hoarding let for 3 years from 02/24 at £125 pm. Potential for development of the site or create formalised parking spaces to the front of the hoarding for additional income.

Tenure

Leasehold: 50 years from 15/11/1981, nil ground rent.

Rent

Current Rent: £1500 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.