Block of 10 tenanted garages. Current income of £7,020 p.a., circa 12% yield. Access is via a secured gate to the garages. 2 having limited access, plus 2 of which are larger than average.

LOCATED

Located via a shared access adjacent to local convenience store (no. 71/73)

SERVICES

No services are connected.

TENURE

Freehold subject to tenancies.

TENANCIES

Rental Agreement. Garage 1: Term: 3 months from 07/03/2023 (Now rolling) Rent: £65 p.c.m. Garage 2 Term: 3 months from 12/11/2013 (Now rolling) Rent: £50 p.c.m. Garage 3: Term: 3 months from 01/11/2013 (Now rolling) Rent: £50 p.c.m. Garage 4: Term: 3 months from 12/11/2013 (Now rolling) Rent: £50 p.c.m. Garage 5: Term: 3 months from 18/08/2017 (Now rolling) Rent: £55 p.c.m. Garage 6: Term: 3 months from 17/10/2022 (Now rolling) Rent: £65 p.c.m. Garage 7: Term: 3 months from 10/11/2022 (Now rolling) Rent: £50 p.c.m. Garage 8: Term: 3 months from 16/02/2022 (Now rolling) Rent: £60 p.c.m. Garage 9: Term: 3 months from 08/07/2023 (Now rolling) Rent: £70 p.c.m. Garage 10: Term: 6 months from 01/10/2024 (Now rolling) Rent: £70 p.c.m.

ADDITIONAL COSTS

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

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.