Freehold Ground Rent Investment
Freehold Ground Rent Investment
The property is prominently situated in a corner position at the junction of Tyne Road and Blaydon Road in the established Middlefield Industrial Estate, the principal industrial area of Sandy. Tyne Road is accessed via Sunderland Road, which provides access to the A1 (London Road) via Bedford Road. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings.
Freehold.
The property is prominently situated in a corner position at the junction of Tyne Road and Blaydon Road in the established Middlefield Industrial Estate, the principal industrial area of Sandy. Tyne Road is accessed via Sunderland Road, which provides access to the A1 (London Road) via Bedford Road. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings.
Freehold.
The property comprises a site of approximately 0.13 hectares (0.33 acre) upon which has been constructed a purpose built industrial and office building.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a site of approximately 0.13 hectares (0.33 acre) upon which has been constructed a purpose built industrial and office building.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Hectares (Approx) | Acres (Approx) | Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|---|---|
| 5 | Industrial/Office | 553.7 sq m |
(5,960 sq ft) |
0.13 |
0.33 |
M JOHNSTON & S JOHNSTON (1) |
99 years from 09/10/1978 until 2077 on a full repairing and insuring lease |
£10 |
| Totals | 553.7 sq m (2) |
(5,960 sq ft) (2) |
0.13 |
0.33 |
£10 | |||
(1) Please note that the tenant has sublet the property to Flexible Switch Technologies Ltd, who are currently occupying the premises and who are designers and manufacturers of membrane switches, membrane switch panels and industrial graphics. (Source:www.flexibleswitch.co.uk) The seller does not have a copy of this sublease nor any details under which Flexible Switch Technologies Ltd occupy the property.
(2) Please note that these floor areas have been measured on a gross external basis.
(3) Please note that this area is stated in the lease but is an approximation only, purchasers are deemed to have made their own investigations.
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