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

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Sold for

£70,000

Additional Costs / Fees will apply

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Property Details

Location

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.

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).

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.