Let to Cornerstone Telecommunications Infrastructure Limited and EE Limited & Hutchison 3G UK Limited
Roof Surface Premises with All Airspace Above
Elevated site within the London Borough of Greenwich
Potential Residential Extension (subject to necessary consents)
Immediate Asset Management Opportunities from Outstanding Rent Review
The Property is Held in a Single Purpose Vehicle (SPV) which Could be Available by Separate Negotiation
Lot 43
Auction 31st March 2022
Rent £48,154 per Annum Exclusive
Status Sold
Price £625,000
Sector Other
Auction Venue Live Streamed Auction
Property Information
Location
Miles
Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads
A205 (South Circular) A20, A2
Rail
Woolwich Arsenal Station, Woolwich DLR
Air
London City Airport
Situation
The property is situated in a predominantly residential area within Woolwich, a highly populated district of the London Borough of Greenwich. The Queen Elizabeth Hospital is immediately to the north, Woolwich Common to the east and the busy Shooters Hill Road (A207) is to the south. The property also benefits from excellent road communications both in to London and to the South Coast via the A205 (South Circular) and A2 roads.
Tenure
Long Leasehold. For a term of 125 years from 14th February 2006 until 13th February 2131 at a fixed peppercorn rent per annum.
The property is held within a Single Purpose Vehicle (SPV) which may be available to purchase by separate negotiation.
Location
Miles
Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads
A205 (South Circular) A20, A2
Rail
Woolwich Arsenal Station, Woolwich DLR
Air
London City Airport
Situation
The property is situated in a predominantly residential area within Woolwich, a highly populated district of the London Borough of Greenwich. The Queen Elizabeth Hospital is immediately to the north, Woolwich Common to the east and the busy Shooters Hill Road (A207) is to the south. The property also benefits from excellent road communications both in to London and to the South Coast via the A205 (South Circular) and A2 roads.
Tenure
Long Leasehold. For a term of 125 years from 14th February 2006 until 13th February 2131 at a fixed peppercorn rent per annum.
The property is held within a Single Purpose Vehicle (SPV) which may be available to purchase by separate negotiation.
Description
The property comprises the surface of the roof of the Building known as Greenwich Heights together with all the airspace above.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises the surface of the roof of the Building known as Greenwich Heights together with all the airspace above.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
18/12/2022 and 3 yearly upward only RPI linked rent reviews (17/12/2038)
Total
£48,154.48
(1) Please note the rent is to be reviewed on the 5th anniversary of the commencement date and every subsequent 5th anniversary by the RPI upwards only. The 30th July 2019 review was not activated by the vendor. Further details are available within the Legal Pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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