A Freehold Investment Comprising Twelve Single Storey Lock-Up Garages (One is Sold Off) and a Ground Rent Secured Upon Four Flats (Sold Off). Nine of the Garages are Let and the Four Flats Generate a Ground Rent Producing a Combined Income of £4,743.40 per annum with Two Vacant Garages.
The property comprises twelve single storey lock-up garages (one is sold off) and a freehold ground rent on four flats (sold off). The garages front the main road and extend to circa 5,000 sq ft in total.
The properties are situated on a residential road in the Sutton Hill area of Telford close to local shops and amenities. The open spaces of Telford Hotel Golf Resort are within easy reach. Transport links are provided by the M54 motorway which is easily accessible.
Nine Garages are let at a combined rent of £90.45 per week. Thus a total income of £4,703.40 per annum. Garages 2 and 9 are vacant. Garage 4 is sold off with Flat 11 Flats 10,11,12,13 are sold off on on long leases at a ground rent of £10 per annum each. Total Income £4,743.40 per annum. Plus Two Vacant Garages
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.