For Sale By Auction | 18:30, 16 May 2024

Garages off Gleneagles Road, Wyken, Coventry, West Midlands CV2 3BP

*Guide | £70,000 - £90,000 (plus fees)

  • Garages

Call the team on 024 7652 7789 for more information

Auction Date

Thu 16/05/2024

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

Investment opportunity. 11 garages plus parking space, all occupied, with a current rent payable £9,240 p.a. (with potential to increase.) Within a gated site of 14 garages. Located via shared access adjacent to 54 Gleneagles Road. Ideal investment opportunity within a popular residential location.

TENURE

Freehold subject to tenancies.

TENANCIES

Rental Agreements Term: Various. See Legal Pack. Rent payable: Between £60 p.c.m. and £80 p.c.m.

ADDITIONAL COSTS

Administration Fee: £1,200 (£1,000 plus VAT) Buyer's Premium: £600 (£500 plus VAT) Please see the legal pack for any further costs.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - these fees are included in the above sales particulars.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.