30 Freehold Garages Sold Off on Long Leases Producing a Combined Income of £75 Per Annum. A Planning Application has been Submitted to Erect a Further 10 Garages (Awaiting Decision).
The property comprises 30 freehold garages which have been sold off on long leases.
The garages are situated on a residential cul-de-sac close to local shops and amenities. The open spaces of Victoria Park are within easy reach. Transport links are provided by Torre rail station.
All 30 garages are sold off on 199 year leases from 1964 at a ground rent of £2.50 per garage. Please see the legal pack for further details.
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.