Lot
026
Auction Ends: 21/09/2022 13:32

Advertising Hoarding on Sunderland Road (B1426), Gateshead, Tyne And Wear NE8 3QP

Property Details
Location
Location
The site lies on Sunderland Road (B1426) close to its intersection with Churchill Road, in a primarily residential location, approximately 1 miles east of Gateshead, which itself lies approximately 2.5 miles south of Newcastle Upon Tyne.
Description
Advertising hoarding investment comprising a parcel of freehold land sold subject to a 10 year licence in favour of Primesight (trading as Global) for two 48 sheet billboards at a rental income of £2,200 per annum.
Approx Site Area
Approximately 226 Sq M (270 Sq Yds)
Tenancy
The site is subject to a 10 year licence commencing 15th August 2022 in favour of Primesight Limited (trading as Global) for two 48 sheet billboards at a rental income of £2,200 per annum.

The Annual Report and Financial Statements available on Companies House for Primesight Limited for the year ending 31 March 2021 detail Revenue of £38.7m : (Source Companies House https://www.gov.uk/government/organisations/companies-house)
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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