Acquired
Westbury – Industrial Ground Rent
168-169 Chemical Rd, West Wilts Trading Estate, Westbury BA13 4JNFreehold Ground Rent Investment
Tenure
Freehold
Lease Term
125 Years
Years Left on Lease
97y 7m
Area
6,750 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- The property comprises a rectangular site of about 0.26 acres (0.11 hectares) on which are two single storey Nissen Huts
- 102 years until reversion
- Rent review on 01/08/2022 and 5 yearly thereafter
- Located on an established industrial estate
- The property is located on the north side of Chemical Road and links with Victory Road.
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises a rectangular site of about 0.26 acres (0.11 hectares) on which are two single storey Nissen Huts, providing about 627.09 sq m (6,750 sq ft) of industrial accommodation.
Tenancy Description
The industrial units are at present sold off on long leasehold to Western Skip Hire Ltd for a term of 125 years from 1st August 1997 at a current ground rent of £5,750 per annum. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.
Tenancies & Accommodation
Location Description
Westbury lies about 14 miles south east of Bath and 16 miles south of Chippenham and can be accessed via the A360 and A36. The property is located on an established industrial estate situated about 2 miles north west of Westbury town centre. The property is located on the north side of Chemical Road and links with Victory Road.