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Eight garages situated to the rear of the Premier Shop in Oulton Road, Lowestoft. All currently let producing £6,060 pa
Eight garages tucked away behind the Premier Shop on Oulton Road, Lowestoft. They are brick built and all have up and over doors. Each garage measures 16'6 x 8'6 (5m x 2.6m). There are eight in one block and are all currently let producing an income of £6,060pa Access to the garages is to the side of the parade of shops which offer a carpark to the rear where the garages are located. Regular traffic makes this a secure position. The vendor has owned the garages for 29 years and has stated that they have been an excellent investment with minimal effort, has now decided to sell due to retirement.
Tenure
Freehold
Rent Schedule
Garage 1 - £70 pcm Garage 2 - £70 pcm Garage 3 - £60 pcm Garage 4 - £55 pcm Garage 5 - £60 pcm Garage 6 - £70 pcm Garage 7 - £60 pcm Garage 8 - £60 pcm
Measurements
16'6 x 8'6 or 5m x 2.6m
Viewing
As they are rented, the garages can be viewed externally only at any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.
Note
Please would all interested parties register their interest with the Auctioneer in order that they may be kept up to date with any developments.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
East Suffolk Council
Solicitors
Nicholsons Solicitors, Ref: Samuel McClusky, Tel: 01603 558700
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
Buyer's Premium - £960 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.