A Freehold Investment Comprising Twelve Single Storey Lock-Up Garages (One is Sold Off) and a Ground Rent Secured Upon Four Flats (Sold Off). Seven of the Garages are Let and the Four Flats Generate a Ground Rent Producing a Combined Income of £3,698.20 per annum with Four 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.

Tenure

Freehold

Location

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.

Tenancy

Seven garages are let at a combined rent of £70.35 per week. Thus a total income of £3,658.20 per annum. 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 £3,698.20 per annum. Plus Four Vacant Garages

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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