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Telecommunications Tower, Roehouse Lane, Appleby Hill, Austrey, Warwickshire CV9 3ER

Lot no: 13 Sold at Auction for £149,000
 

Guide Price £115,000 - £135,000 plus fees


Thursday 29th September 2016

11.30am
Key Features
  • Telecommunication Tower in secluded countryside location
  • Former water tower with telecommunications income.
  • Rental income of £17,111 per annum.
  • Superb investment with a great return.
  • EPC Rating: N/A
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Sold at Auction for £149,000

Light Industrial

Property Description:

A superb investment opportunity to purchase a telecommunications/ water tower site. It comprises a large, dis-used water tower standing in around a third of an acre in a lovely rural position with some outstanding views across the local countryside.

The site is let out at a combined rental income of £17,111 per annum.

This is made up of agreements-
CTIL (Vodaphone & 02) on a 20 year licence from March 2016 at an annual rent of £12,111 per annum plus VAT if applicable.

EE Ltd with a licence up to December 2018 at rent of £5,000 per annum plus VAT if applicable.

The site could possibly be utilised for other uses subject to any necessary planning permissions.

The site is located along an uneven lane and is accessible by 4x4 vehicles only and we advise viewing on foot rather than by vehicle.

Tenure:

Freehold. Subject to tenancy.