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NEXT AUCTION - THURSDAY 9TH DECEMBER 2.30PM - Click here to view

Lot - Telecommunications Mast Site, Central House, 32-66 High Street, Stratford, London, E15 2NY Auction Lot £325,000+ - Auction Estates

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The Nottingham Racecourse


09 December 2021

Central House, 32-66 High Street, London, E15 2NY

Guide Price: £325,000+


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Key Features

  • Situated on the rooftop of Central House in Stratford
  • Let on two leases producing an income of £32,900 per annum
  • A high rise residential development of 1 & 2 bed apartments
Draft Details Only

An opportunity to acquire a telecoms investment mast site, let on two leases producing an income of £32,900 per annum

• Situated on the rooftop of Central House in Stratford
• Let on two leases producing an income of £32,900 per annum
• A high rise residential development of 1 & 2 bed apartments
• Close to Queen Elizabeth Olympic Park & Westfield Stratford City
• 1 x lease to Cornerstone Telecommunications Infrastructure Limited
• 25 years from 1st Feb 2017
• Initial rent- £17,000 per annum
• 5 Year rent reviews (next review 2022)
• 1 x lease to Orange/EE Limited
• 20 years from 28th September 2007
• Initial rent- £15,000 per annum
• 5 year rent reviews (next review 2022)

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

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Important Notices

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

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