• Multi-Let Ground Lease Investment Opportunity

• Highly secure investment. Rent payable based upon the rental value of the land.

• Average Weighted Unexpired Lease Term – 67 years

• Established commercial location

• VAT free

• Offers in the region of £1,900,000, subject to contract

• 5.0% net initial yield

The subject property is situated in an established commercial location on the Tonge Bridge Industrial Estate, approximately 3.2 km (2 miles) to the north-east of Bolton town centre.

Access to the property is via Tonge Bridge Way which leads directly onto the A579 (Bury Road). The A666 is less than a mile to the west and provides direct access to the M61 Motorway.

Tonge Bridge Industrial Estate provides a variety of workshop and industrial units.

The property comprises numerous plots of land, let on 26 ground leases, which form the majority of the Tonge Bridge Industrial Estate, plus a further plot of land on the south side of Tonge Bridge Way. There are various industrial units on each plot.

We estimate the site area to be approximately 2.16 hectares (5.34 acres).

The property is held on a part Freehold and part Long Leasehold basis.

Please note that the legal package available is the one provided in the data room. This is available for purchasers to review. Questions may be raised with the seller’s solicitor but no further documentation is available.

Please note that the title documents relating to the long leasehold interests included in the sales pack are the only title documents relating to such interests held by the seller and offers are invited on the strict basis that prospective buyers are aware of and accept that the seller has no further title documents to disclose.

Please refer to the Tenancy Schedule for further information. The company accounts for each tenant are also available to download, where available.

We are instructed to seek offers in the region of £1,900,000 (One Million, Nine Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 5.0%, assuming purchaser’s costs of 5.95%.

1. A multi-let ground lease investment opportunity offering a highly secure investment given the rent payable is based upon the rental value of the land;

2. Average weighted unexpired lease term of 67 years;

3. Established commercial location;

4. VAT free investment.