LOT 49

Electricity Sub-Station, Kynance Crescent, Brinsworth, Rotherham, South Yorkshire, S60 5EW

FREEHOLD COMMERCIAL GROUND RENT INVESTMENT

Result: Sold for £5,000 Guide price: £4,500 - £5,000*

Auction Date

Thursday, 8th April 2021 12:00pm

An electricity sub-station with a small area of land to the front. Located adjacent to 39 Kynance Crescent, opposite the junction with Howlett Drive in a residential area about 2½ miles south of Rotherham town centre and 6 miles east of Sheffield city centre.

Accommodation

Electricity Sub-Station
The entire property is let to Northern Powergrid (formerly The Yorkshire Electricity Board) for 60 years from 01.02.1966 (about 5 years unexpired) at a fixed ground rent of £5 p.a.

EQUIVALENT TO £5 p.a. (ABOUT 5 YEARS UNEXPIRED)

Note

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £5,000

Addendum

The lessee is Nothern Powergrid (Yorkshire) Plc.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.