Rooftop Telecoms Mast, Castle Court, Dudley, West Midlands, DY2 8PG
£45,000
Telecoms
Key Features
- Rooftop telecoms mast on 8 storey tower block
- Let and producing £10,750 per annum
- Landmark building providing 141 flats
Part of the
14 October 2021
auction
The Nottingham Racecourse
at
2.30PM
Rooftop telecoms investment on Castle Court, a stylish 8-storey residential conversion in the heart of Dudley. Let to Airwave at a combined rent of £10,750 per annum
- Telecoms mast & associated equipment
- Rooftop position on an 8 storey tower block
- Landmark building providing 141 flats
- Part of an exciting £14M regeneration project
- Situated in the heart of Dudley Town Centre
- Unrivalled elevated position with clear views over Dudley
- Specialist investment opportunity
Strictly by prior appointment only. Please contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Long leasehold for a term of 999 years ending 26/11/3016 (peppercorn rent), subject to the letting of the mast & equipment to Airwave 02 Ltd & Airwave MM02 Ltd on leases expiring 12th March 2018 (holding over) at a combined rent of £10,750 pa.
Email: rebecca.toates@brownejacobson.com
Telephone: 0115 908 4862