LOT 38

Land at the junction of Leicester Road & Derby Road, Hinckley, Leicestershire, LE10 1QF

FREEHOLD PART VACANT ADVERTISING SITE WITH DEVELOPMENT POTENTIAL

Result: Sold for £81,000 Guide price: £85,000 - £90,000*

Auction Date

Thursday, 29th October 2020 12:00pm

BY ORDER OF JCDECAUX

A corner advertising site including an electricity substation at this busy junction, adjacent to a car repair garage, opposite a B&Q, within ½ mile of the town centre and ¾ mile from Hinckley station. Hinckley lies about 13 miles from Leicester.

Accommodation

4 x 48 sheet advert hoardings - Vacant
Land: Let to Britannia Tyres Ltd (by way of assignment) for 9 years from 01.08.1988 (holding over) at £2,000 p.a. (rent last reviewed in 1994).
Electricity Substation: Let to Western Power Distribution (East Midlands) Plc (originally East Midlands Electricity Distribution Plc) for 10 years from 01.08.2001 (holding over) at £250 p.a.

EQUIVALENT TO £2,250 P.A. & OFFERED PART VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO OBTAINING ALL NECESSARY CONSENTS)

Site Area:

4,024 sq ft (373.8 sq m)

Note

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408

Status

Sold for £81,000

Addendum

In respect of the lease for the substation, the commencement date is 01.08.2001 and not 2011 as originally stated. In respect of the lease to Britannia Tyres Ltd, the commencement date was 01.08.1988 and not 03.03.1989 as originally stated.

* 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.