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14th & 15th June Online Property Auction Preview (#398171)

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This Auction Uses Online Bidding.
Current Price £35,000.00 ( )

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Current Price £35,000.00 ( )
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Land and Buildings On the South Side of Wilding Avenue Runcorn WA7 5SS


Description

Online auction date 14 & 15 May 2025 
Guide Price £75,000+
Freehold land subject to a lease 
Further rent increase to £7,000 - Jan 2031
Let to Liverpool Airport Ltd 
Lease from 1 Jan 2021 to 31 Dec 2034
Passing rent of £5,000 per annum 
Approx. 9 years & 8 months unexpired
Rent increasing to £6,000 pa - Jan 2026 Sale on behalf of Liquidator

OVERVIEW
For sale by online auction, a small parcel of land let to Liverpool Airport Ltd from 1 January 2021 until 31 December 2034.

The passing rent is £5,000 per annum, rising to £6,000 pa on 1 January 2026 and £7,000 pa on 1 January 2031.

A previous lease agreement dated 18 April 2005 existed between Wadhurst Investments Ltd and Peel Airports (Liverpool) Limited, which ended upon on commencement the existing lease.
The lease states the land is to be used for erecting instrument landing system marker beacons, electronic communications equipment, computers, and necessary ancillary services.

Sale on behalf of the Liquidator for Wadhurst Investments Ltd.

The passing rent reflects a gross initial yield of approx. 6.65% off the guide price, rising to 8% once the rent has been increased in January 2026.

Site Area
Total area of 0.09 acres (0.03 hectares).
Taken from Edozo Maps.

What3Words Location 
https://w3w.co/edges.snacks.hidden

Rateable Value
Interested parties to make their own enquiries.

EPC
To be confirmed.

Broadband Checker
https://www.broadband.co.uk/checker/

Tenure
Freehold subject to lease agreement.

Land Registry title no.CH423726

Legal Pack
https://www.johnpye.auctiondocs.com/

Buyer’s Premium
3% (min. £4,500) inc. VAT.

Viewings
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