A commercial ground rent investment situated in a busy and well established high street location. The property is let by way of a 150 year lease from October 1968 at a current rent of £42,000 per annum, reviewable every 21 years (next review 2031) and based on a proportion of the rental value of the overlying retail investment.

Approximately 0.14 Hectares (0.34 Acres).

A new 999 year lease is to be granted on completion at a peppercorn rent.

The property is currently let to Red Birch Ltd (Isle of Man registered) by way of a 150 year lease from 21 October 1968 at a current rent of £42,000 per annum. The lease is subject to 21 year rent reviews with the next review due in 2031.

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

VAT is payable at the prevailing rate, in addition to the purchase price.

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST JUNE AND CLOSES ON WEDNESDAY 22ND JUNE.

3. The overlying retail investment is let to tenants including JD Wetherspoon Plc, William Hill Organisation Ltd and Bank of Scotland Plc.