For Sale By Auction | 11:00 am, 11 April 2018 | Lot 12

Lock Up Garages To The Rear Of 2 Ethel Road, Lowestoft, Suffolk, NR32 2DN

Sold £66,000

  • Garages
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 11/04/2018

Auction Time

11:00 am

Auction Venue

Unknown

20 lock up garages currently let producing £4,800pa (£20 per garage per month)

Two blocks of ten lock up garages serviced by a central turning and parking area, all currently let for £20pcm providing a gross annual income of £4,800pa. The current rental value of £20 per garage is less than other similar garages within the area and there may well be the potential for an uplift in income. The garages lie within a mainly residential area within walking distance of the town cetre.

Tenure

Freehold

Description

The garages are of brick construction under a sloping asbestos roof and serviced by a concrete parking and turning area. Approached along a private loke adjacent to 2 Ethel Road.

Viewing

Any reasonable time at 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. Tel: 01493 856100

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 - £600 (£500+VAT) payable on exchange of contracts.

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

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