(GROSS YIELD 17.3%)
6 Week completion
Located on the flank wall of a parade of shops and facing both the entrance to a Co-operative Food Supermarket Car Park and the busy Westwood Lane.
Sidcup lies approximately 5 miles east of Bromley and 14 miles south-east of central London.
Comprising a 48 Sheet Advertising Hoarding.
VAT is NOT applicable to this Lot
A Licence for a term of 99 years from 15th May 2008 (thus having approx. 90 years unexpired) at a peppercorn ground rent.
The advertising hoarding is let on licence to Palmtree Enterprises Ltd (For Y/E 31/05/15 - Pre-Tax Profit of £329,500 and Net Assets of £8.26m) for a term of 3 years from 25th March 2017 at a rent of £2,600 per annum exclusive.