Withdrawn | Lot 44

Storage Units And Private Roads, Fifth Avenue, Bluebridge Industrial Estate, Halstead, Essex, CO9 2SZ

Withdrawn

  • Storage
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Thu 11/04/2019

Auction Time

14:00

Auction Venue

The Wolsey Room Holiday Inn, London Road, Ipswich, IP2 0UA

A Freehold investment comprising three tenanted storage units and private roads with potential for permit parking

Situated within the Bluebridge Industrial Estate on the western outskirts of Halstead is this Freehold investment producing a strong annual lead and potential to further enhance the income. The property comprises all of Fifth Avenue, part of Third Avenue and three nearly new 20 ft storage units with a small parcel of land to the rear. The storage units are all let on 6 month Licences and provide an income of £2,940 per annum and the roads have potential for the introduction of Permit Parking to further enhance the revenue, on our last visit over 30 vehicles were parked on the roads. With an annual yield equating to nearly 30% at the lower Guide Price we believe this to be an excellent commercial investment. Storage Unit Licence details: Unit 1 - 6 month Licence from 10-02-19 @ £85 PCM Unit 2 - 6 month Licence from 01-12-18 @ £75 PCM Unit 3 - 6 month Licence from 01-12-18 @ £85 PCM

Tenure

Freehold

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.

Additional Note

In accordance with the Estate Agency Act 1979 we should point out that the vendor has a connected interest with Auction House East Anglia.

Viewing

Any reasonable time during daylight hours. 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

Braintree District Council

Solicitors

Attwells Solicitors LLP, Sun Buildings, 35-37 Princes Street, Ipswich, IP1 1PU, Ref: Tanya Warnes, Tel: 01473 229857

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.