Telecommunications Equipment Greenwich Heights, Master Gunners Place Woolwich London SE18 4NP

Telecommunications Equipment
Greenwich Heights, Master Gunners Place
Woolwich
London
SE18 4NP

Telephone Mast and Roof Space Investment

Let to Cornerstone Telecommunications Infrastructure Limited and EE Limited & Hutchison 3G UK Limited
Roof Surface Premises with All Airspace Above
Elevated site within the London Borough of Greenwich
Potential Residential Extension (subject to necessary consents)
Immediate Asset Management Opportunities from Outstanding Rent Review
The Property is Held in a Single Purpose Vehicle (SPV) which Could be Available by Separate Negotiation

Lot
43
Auction
31st March 2022
Rent
£48,154 per Annum Exclusive
Status
Sold
Price
£625,000
Auction Venue
Live Streamed Auction

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Telephone Mast and Roof Space Investment

Let to Cornerstone Telecommunications Infrastructure Limited and EE Limited & Hutchison 3G UK Limited
Roof Surface Premises with All Airspace Above
Elevated site within the London Borough of Greenwich
Potential Residential Extension (subject to necessary consents)
Immediate Asset Management Opportunities from Outstanding Rent Review
The Property is Held in a Single Purpose Vehicle (SPV) which Could be Available by Separate Negotiation

Lot 43
Auction 31st March 2022
Rent £48,154 per Annum Exclusive
Status Sold
Price £625,000
Sector
Other
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads: A205 (South Circular) A20, A2
Rail: Woolwich Arsenal Station, Woolwich DLR
Air: London City Airport

Situation

The property is situated in a predominantly residential area within Woolwich, a highly populated district of the London Borough of Greenwich. The Queen Elizabeth Hospital is immediately to the north, Woolwich Common to the east and the busy Shooters Hill Road (A207) is to the south. The property also benefits from excellent road communications both in to London and to the South Coast via the A205 (South Circular) and A2 roads.

Tenure

Long Leasehold. For a term of 125 years from 14th February 2006 until 13th February 2131 at a fixed peppercorn rent per annum. The property is held within a Single Purpose Vehicle (SPV) which may be available to purchase by separate negotiation.

Location

Miles: Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads: A205 (South Circular) A20, A2
Rail: Woolwich Arsenal Station, Woolwich DLR
Air: London City Airport

Situation

Tenure

Description

The property comprises the surface of the roof of the Building known as Greenwich Heights together with all the airspace above.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises the surface of the roof of the Building known as Greenwich Heights together with all the airspace above.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Tenant	Term	Rent p.a.x.	Reviews/(Reversions)
Roof and Airspace	Telecommunications Equipment	EE Limited and Hutchison 3G UK Limited	20 years from 30/07/1999	£12,362.78	Holding Over (1)
Roof and Airspace	Telecommunications Equipment	Cornerstone Telecommunications Infrastructure Limited	25 years from 18/12/2013 until 17/12/2038	£35,791.70	18/12/2022 and 3 yearly upward only RPI linked rent reviews (17/12/2038)
Total				£48,154.48

(1) Please note the rent is to be reviewed on the 5th anniversary of the commencement date and every subsequent 5th anniversary by the RPI upwards only. The 30th July 2019 review was not activated by the vendor. Further details are available within the Legal Pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.