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Ten garages producing £6,000 pa with further income potential
Ten garages occupying a 0.09 of an acre site tucked away off Burnt Lane. The garages are brick and block with double wooden doors. There are six in one block and four opposite in another block. Currently nine of the garages are let and the seller uses one garage themselves. Currently five are let at £40 pcm and four are let at £75 pcm producing £500 pcm (£6,000 pa) with further income potential from the single vacant garage. The site is located around a mile north of the town centre.
Tenure
Freehold
Note
Please would all interest parties register their interest with the Auctioneer in order that they may be kept up to date with any developments.
Viewing
Any reasonable time during daylight hours. Prospective purchasers should note that no liability can be held against either the vendor or the Agents, Auction House East Anglia as Auctioneers, in respect of any viewing of the land. All persons viewing should be aware that they enter the site entirely at their own risk.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Great Yarmouth Borough Council
Solicitors
Norton Peskett (Great Yarmouth), Ref: Matthew Breeze, Tel: 01493 849225
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 - £840 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.