Lot
016
Auction Ends: 21/09/2022 12:52

Advertising Hoarding, Land On The West Side Of Brigg Road, Scunthorpe, Lincolnshire DN16 1AX

Property Details
Location
Location
The land is located adjacent to Brigg Road (A1029), which runs along the eastern edge of Scunthorpe town centre, in a predominantly industrial area. The billboard is north-facing and therefore is visible to traffic heading southbound to the A18 and M180, which itself provides access to the A1(M).
Description
Prominently positioned digital advertising hoarding investment. The lot comprises a freehold parcel of land subject to a 20 year lease to a billboard operator detailing an annual rental income of £7,000.
Approx Site Area
Approximately 33 sq m (40 sq yds).
Tenure
Freehold.
Tenancy
The lessee is Wildstone Capital and the lease details an annual rent of £7,000, subject to a 20-year term, 15% upward-only rent reviews, and no break clauses. The lease commenced in November 2021.

As at 31st December 2020, Wildstone Estates Ltd held Current Assets of £1,230,180 and owned Investment Property with a Fair Value of £2,268,300 (Source: Financial Statements filed via Companies House 24 Jun 2022).
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
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 20TH SEPTEMBER AND CLOSES ON WEDNESDAY 21ST SEPTEMBER.

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