Property Details
Pugh Auctions
Lot 002
Lot 002
Auction: February 2017

Land At Aldcliffe Road, Lancaster, Lancashire, LA1 1ST

Property Details
Location

The land is located 0.5 miles south west of Lancaster town centre at the junction of Aldcliffe Road with Regent Street and adjacent to the Lancaster Canal. Access to Aldcliffe Road can be obtained direct from the A6.

Description

A former boat yard that now comprises open public space and is predominantly grassed, with a single storey building adjacent to the road.

Approx Site Area

Approximately 0.08 Hectares (0.19 Acres)

Tenure

Freehold.

Planning

Interested parties should consult with the Local Planning Office, Lancaster City Council, Town Hall, Dalton Square, Lancaster, LA1 1PJ.Tel: 01524 582 950.

Tenancy

The land is let to Lancaster City Council for a period of 94 years from 29 September 1976 and expiring on 24 December 2070 (54 years unexpired) at a passing rent of รบ3,600 per annum with a rent review outstanding from December 2016. The rent reviews are on a 15 year cycle.

VAT

VAT is payable on the purchase price.

Addendum

VAT is payable on the purchase price. The property is sublet as detailed in the Legal Pack. Notwithstanding the copy email in the Legal Pack where they argued for a decrease in the rent the Vendor informs us that Lancaster City Council have now agreed in principle to settle the outstanding rent review at nil increase. A rent review memorandum has been signed by the Vendor and sent to the Council on that basis but it has not yet completed.

Property Location Address:
Land At Aldcliffe Road,
Lancaster,
Lancashire,
LA1 1ST
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Auction Details
Auction: February 2017 Date: 21st February 2017 Lot Number: 002 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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