Freehold Geared Ground Rent Investment
Freehold Geared Ground Rent Investment
Dartford is located at Junction 1 of the M25 Motorway just south of the iconic Queen Elizabeth Bridge and Dartford Tunnel. The property is situated in the town centre on Hythe Street, between The Orchard Centre and The Priory Centre and opposite Copperfields Shopping Centre. Nearby occupiers include Nationwide and The Co-Operative Bank.
Freehold.
Dartford is located at Junction 1 of the M25 Motorway just south of the iconic Queen Elizabeth Bridge and Dartford Tunnel. The property is situated in the town centre on Hythe Street, between The Orchard Centre and The Priory Centre and opposite Copperfields Shopping Centre. Nearby occupiers include Nationwide and The Co-Operative Bank.
Freehold.
The property comprises a rectangular site forming part of a larger site upon which the tenants have constructed a substantial post office building on ground floor and two upper floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a rectangular site forming part of a larger site upon which the tenants have constructed a substantial post office building on ground floor and two upper floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Retail Offices Offices/Ancillary |
215.80 sq m 152.72 sq m 195.46 sq m |
(2,323 sq ft) (1,644 sq ft) (2,104 sq ft) |
HM POST MASTER GENERAL (1) |
99 years from 26/12/1963 until 25/12/2062 on a fully repairing and insuring lease |
£50,000 |
25/12/2012 (2) & 14 yearly |
| Totals | 563.98 sq m |
(6,071 sq ft) |
£50,000 | ||||
(1) HM Post Master General is now vested by stature in the Post Office Limited where the Royal Mail Holdings plc is the ultimate holding company and all shares and controlling interests are owned by The Crown.
(2)The lease provides for the rent to be reviewed to 86.42% of the rack rental value of the building. (3) As to the 2012 Rent Review, the seller has served a Rent Review Notice proposing a new rent of £104,000 per annum exclusive.
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