Over Lochridge Farm, Stewarton, Ayrshire, KA3 5JF Telecommunications Investment Offers in Excess of £60,000 Equating to a Net Initial Yield of 10.17% Viewings and further information by strict appointment through selling agents :
Christopher Hicks Christopher.hicks@ fishergerman.co.uk 01858 411202
Over Lochridge Farm, Stewarton, Ayrshire, KA3 5JF For Sale By Private Treaty Freehold investment of the telecommunications site at Over Lochridge Farm, with Arqiva as a tenant combined with rights of access to the site.
Site Description Freestanding Greenfield installation located in close proximity to the B778, between Stewarton and the M77 motorway network.
Lease Summary The lease is dated 17 July 1997 for a term of 20 years and is protected by the Landlord and Tenant Act 1954. Current Passing Rent: £6,202.90 per annum effective from 3 February 2012. Rent Review Provisions: Every fifth year in accordance with the Retail Price Index. Site Sharing: There is a provision within the lease that if any site sharing occurs with a third party, then the operator shall pay 20% of all revenue received from the third party to the Landlord. The above plan is not to scale but shows the designated access route which is shown in blue Tenants Break Clause: At any time during the and the demised area is shown in red, for term on not less than 12 months notice. identification purposes only. Equipment Rights: 6 No. antenna and 4 No. Dishes.
The Way Forward
If you are interested in purchasing this A copy of the lease is available to interested telecommunication investment, in the first parties from Fisher German LLP. instance please do contact us to confirm the investments availability or to arrange a viewing or obtain any further information. Please Legal Costs contact either of the surveyors who will be Each party to be responsible for their own legal happy to assist you. costs in regard to this transaction.
Please note: Fisher German LLP and any Joint Agents give notice that: The particulars are produced in good faith are set out as a general guide only and do not constitute or form any part of an offer or any contract. No person within Fisher German has any authority to make or give representation or warranty on any property. Particulars prepared September 2016.