GROUND LEASE FOR SALE, ATS Site, Rosehill Industrial Estate, Carlisle
Cumbria, CA1 2RW
A RARE OPPORTUNITY TO PURCHASE THE GROUND LEASE OF A SUCCESSFUL GARAGE OPERATION LOCATED ON ROSEHILL INDUSTRIAL ESTATE, CARLISLE
- IDEALLY LOCATED CLOSE TO M6/A69 AT JUNCTION 43
- CURRENTLY LET AT A GROUND RENT OF £8,000 PER ANNUM WITH 5 YEARLY RENT REVIEWS UNTIL THE END OF THE TERM
- ON-SITE TENANT/BUSINESS NOT AFFECTED
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 approximately 1.5 miles from Carlisle City Centre.
Floor Plans & EPC
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 www.voa.gov.uk.
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.
Arrange a viewing
Last updated: 2nd October 2024 - 2:50 pm