Land for sale in Montgomery Way, Carlisle CA1

Description

The site comprises 0.51 acres of a long-leasehold title dated 27 June 1983 for a term of 125 years at a peppercorn rent.

The land is sub-let to Associated Tyre Specialists (Northern) Ltd (ats) for a term of 125 years less 3 days from 27 June 1983, via a lease dated 10 February 1984 at a current rent of £8,000 per annum with rent reviews every 5 years. The sub-tenants have recently sub-let the site to ats Euromaster Ltd for the remaining term.

Historically the site has been used for landfill and the sub-tenant has advised they have installed a gas extraction system on site, which currently maintained by the sub-tenants.

Location

The site is located at the corner of Montgomery Way and Auchinleck Drive on Rosehill Industrial Estate, Carlisle, approximately 0.5 miles from Junction 43 (M6/A69) and 1.5 miles from Carlisle City Centre.

Accommodation

0.51 acres (0.21 ha)

The site is outlined in red on the plan attached to these details.

Services

Mains electricity, water and drainage are connected to the site.

Rateable value

The current Rateable Value for the tenants occupation of the site is £58,500.

Purchasers are advised to make their own enquiries of the Valuation Office Agency at .

Tenure

Long-Leasehold (approx. 84 years remaining) subject to an existing lease to ats.

Price

Offers in the region of £200,000 for the remaining term of the ground lease for this site only.

VAT

All prices and outgoings are quoted exclusive of VAT.

VAT is not payable in addition to the sale price

Viewings

The site can be viewed from the roadside only.

Should a viewing of the building on site be required, this will need to be arranged via the marketing agents.

Strictly no approach must be made to the existing tenants.