Heritable Ground Rent Investment
Heritable Ground Rent Investment
Aberdeen is Scotland’s third largest city, with a population of approximately 215,000 and is synonymous with the Oil and Gas Industry. The city accounts for around 25% of the entire Scottish GDP and over 20 major oil operators are located in Aberdeen. The property is situated adjacent to the A90 which acts as the main
communication route on the East Coast of Scotland and is some 2 miles from the city centre.
Heritable.
Aberdeen is Scotland’s third largest city, with a population of approximately 215,000 and is synonymous with the Oil and Gas Industry. The city accounts for around 25% of the entire Scottish GDP and over 20 major oil operators are located in Aberdeen. The property is situated adjacent to the A90 which acts as the main
communication route on the East Coast of Scotland and is some 2 miles from the city centre.
Heritable.
The property comprises a site area of approximately 0.214 hectares (0.53 acres) upon which has been constructed a telephone exchange. The property benefits from gated, on-site car parking.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a site area of approximately 0.214 hectares (0.53 acres) upon which has been constructed a telephone exchange. The property benefits from gated, on-site car parking.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Site Area | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground |
Telephone Exchange | 0.214 hectares |
(0.53 acres) |
BRITISH TELECOMMUNICATIONS PLC (1) |
99 years from 25/03/1970 until 2069 |
£13,800 |
2033 (2) |
| Totals | 0.214 hectares |
(0.53 acres) |
£13,800 | ||||
1) British Telecommunications PLC reported a turnover of £18,897,000,000, a pre-tax profit of £2,739,000,000 and a total net worth of £18,226,000,000. Source www.riskdisk.com (24/10/2012).
2)The rent is reviewed to ground rental value.
3)There is a tenant option to extend the lease at the end of the term for not less than 20 years and one day.
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