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
Please would all interested parties register their interest with the Auctioneer in order that they may be kept up to date with any developments.
In accordance with the Estate Agency Act 1979 we should point out that the vendor has a connected interest with Auction House East Anglia.
Any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Braintree District Council
Attwells Solicitors LLP, Sun Buildings, 35-37 Princes Street, Ipswich, IP1 1PU, Ref: Tanya Warnes, Tel: 01473 229857
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.