Land on the north east side of Newport Road, Barnstaple, Devon, EX32 9BA
FREEHOLD ADVERTISING SITE INVESTMENT
Tuesday, 14th July 2020 12:00pm
BY ORDER OF JCDECAUX
An advertising site near to the junction with New Road/Victoria Road, adjacent to a car dealership and about ½ mile from the town centre. Barnstaple is the main town in North Devon on the River Taw, about 10 miles from Bideford and 40 miles from Exeter.
Formerly 2 x 48 & 1 x 16 sheet advert hoardings
Currently reduced to 1 x 48 sheet advert hoarding
Entirely let on a licence to Clear Channel UK Ltd (currently holding over) at £1,100 p.a. The licensor and licensee have the right to terminate at any time on one month's notice.
EQUIVALENT TO £1,100 p.a.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408
The address as per the Land Registry official copy of register of title is "The site of the advertising hoardings on the east side of Newport Road, Barnstaple". The Title Plan takes priority over that in the catalogue. The property is within a conservation area. The term of the licence is 3 years from 01.07.2003 (holding over). Notwithstanding the rent quoted in the licence, this was reduced to £1,100 p.a. by way of an informal arrangement between the parties. Reference to the termination clause in the particulars is to be disregarded but please refer to the termination clauses within the licence for clarification.