Lot 175 Over Three And A Half Acres Of Woodland With Mast InvestmentAuction Date:
20th September 2023
Land Associated With Knights Place Farm, Rochester, Kent, ME2 3UB
On the instructions of the Executors
Currently let at £18,333 per annum
A freehold parcel of woodland located south-west of the M2 and accessed via an underpass from Razorbill Close. Located on site are two telephone mast investments.
Mast 1
Tenancy
Let to Cornerstone Telecommunications Infrastructure Ltd under the terms of a 20-year lease from 13th October 2015 at a current rental of £9,000 per annum.
Mast 2
Tenancy
Holding over under the terms of an expired 17 years, six months lease with Hutchinson 3G UK Ltd, from 8th July 2004, at a current rental of £9,333 per annum.
A copy of the leases and further information will be included in the legal pack, available to download from the Clive Emson website.
Viewing
Interested parties may view externally. The land can be located using the What3Words app: ///cried.heads.nurse (via Razorbill Close).
There is an addendum available to be read
in conjunction with the legal documentation.
Important
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 Auction Day.
* Price Information
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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
