Lot
026
Auction Ends: 21/09/2022 13:32

Advertising Hoarding on Sunderland Road (B1426), Gateshead, Tyne And Wear NE8 3QP

Property Details
Location
Description
Advertising hoarding investment comprising a parcel of freehold land sold subject to a 10 year licence in favour of Primesight (trading as Global) for two 48 sheet billboards at a rental income of £2,200 per annum.
Location
The site lies on Sunderland Road (B1426) close to its intersection with Churchill Road, in a primarily residential location, approximately 1 miles east of Gateshead, which itself lies approximately 2.5 miles south of Newcastle Upon Tyne.
Approx Site Area
Approximately 226 Sq M (270 Sq Yds)
Tenure
Unknown
Tenancy
The site is subject to a 10 year licence commencing 15th August 2022 in favour of Primesight Limited (trading as Global) for two 48 sheet billboards at a rental income of £2,200 per annum.

The Annual Report and Financial Statements available on Companies House for Primesight Limited for the year ending 31 March 2021 detail Revenue of £38.7m : (Source Companies House https://www.gov.uk/government/organisations/companies-house)
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH SEPTEMBER AND CLOSES ON WEDNESDAY 21ST SEPTEMBER.

Our Nearest Office

Newcastle 600x300

Newcastle

You may also like

000

41 Brandiforth Street, Bamber Bridge, Preston, Lancashire, PR5 6QA

Guide Price: £95,000 plus

000

18 Hey Street, Ince, Wigan, Lancashire, WN3 4UG

Guide Price: £85,000 plus

001

Ground Rents At 1-10 Westbank Court, Westbank Close, Coal Aston, Dronfield, Derbyshire, S18 3DF

Auction Ends: 30/04/2025

Guide Price: £2,750 plus

002

Ground Rents At 43a, 43b, 43c & 43d, Warren Lane, Chapeltown, Sheffield, South Yorkshire, S35 2YD

Auction Ends: 30/04/2025

Guide Price: £3,500 plus

003

Ground Rents, Flats 1-12, Transcend, 1 And 2 Osborne Mews, Windsor, Berkshire, SL4 3DE

Auction Ends: 30/04/2025

Guide Price: £20,000 plus

004

Site At A19 Selby, Barlby Road, Selby, North Yorkshire, YO8 5AF

Auction Ends: 30/04/2025

Guide Price: £300,000 plus

005

Land With Full Residential Planning , Off Merrill Road, Thurnscoe, Rotherham, South Yorkshire, S63 0PS

Auction Ends: 30/04/2025

Guide Price: £60,000 plus

006

56 & 56A Holme Lane, Hillsborough, Sheffield, South Yorkshire, S6 4JQ

Auction Ends: 30/04/2025

Guide Price: £175,000

Search Available
Online Auctions
Search online auction icon
Guide to
Buying at Auction
Buying guide icon
Guide to Selling
Your Property
Selling guide icon
Sign Up For
Auction Alerts
Alert icon