The Advertising Hoardings.
The Compound Area.
SUBSTANTIAL FREEHOLD COMMERCIAL INVESTMENT COMPRISING FOOTBALL STADIUM, COMMERCIAL YARDS AND ADVERTISING HOARDINGS WITH POTENTIAL FOR FUTURE DEVELOPMENT
Currently Let At: £22,100 Per Annum - Plus Two Vacant Yards and One Vacant Advertising Hoarding
A landmark site extending to 5.5 acres (2.22 hectares), fronting Stonebridge Road situated within a predominantly commercial area to the west of Gravesend town centre and within close proximity to Ebbsfleet International Railway Station. There is good access to the A2/M2 Motorway via the recently constructed Thames Way link road.
The site is situated opposite a modern retail warehousing/commercial development. The majority of the site, which is rectangular in shape and extends to 3.9 acres (1.58 hectares), is occupied by the football stadium let to Ebbsfleet United Football Club under the terms of a commercial Lease. The remainder of the site, 1.6 acres (0.64 hectares), is arranged as three open storage yards with vehicular access from Stonebridge Road. In addition there are three advertising hoardings fronting Stonebridge Road which are let, together with three further sites formerly with advertising hoardings, which have now been removed.
Let under the terms of a commercial Lease to ‘Ebbsfleet United Football Club Ltd’ for a term of 20 years from 25th November 2005 at a current rental of £5,400 per annum. Rent review due November 2010 and every five years thereafter. The Lease is excluded from the terms of the Landlord & Tenant Act 1954.
Advertising Hoarding 1
Let to ‘Caxtons Commercial Limited’ at a current rental of £900 per annum.
Advertising Hoarding 2
Let to ‘J C Decaux (UK) Limited’ at a current rental of £1,500 per annum.
Advertising Hoarding 3
Let to ‘Titan Outdoor Advertising Limited’ at a current rental of £800 per annum.
Advertising Hoarding 4 (Vacant)
Available for letting.
Open Storage Compounds
Total site area 1.6 acres (0.64 hectares).
Let for a term of three years from 22nd November 2008 to ‘The Big Bus Company Ltd’ at a current rental of £13,500 per annum with stepped increases to £14,500 in the third year of the Agreement.
The tenancy is terminable on three months notice by either the Landlord or tenant after the first year. The lease is excluded from the terms of the Landlord & Tenant Act 1954.
Interested applicants are advised to make their own enquiries with regard to future development of any part of the site with the Local Planning Authority, the Gravesham Borough Council, Civic Centre, Windmill Street, Gravesend, Kent, DA12 1AU.
Tel: 01474 564422.
Commercial EPC: G
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.