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For Sale By Auction | 18:30, 14 July 2022 | Lot 12

Garages, Broad Street, Foleshill, Coventry, West Midlands CV6 5AX

*Guide | £48,000 (plus fees)

  • Garages

Call the team on 024 7652 7789 for more information

Auction Date

Thu 14/07/2022

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

Block of 10 tenanted garages. Current income of £6,960 p.a., circa 15% yield. Access is via a secured gate to the garages. 2 having limited access, plus 2 of which are larger than average. Circa 14% yield.

LOCATED

Located via a shared access adjacent to Broad Street Local.

TENURE

Freehold subject to tenancies.

TENANCIES

Garage 1: Rent: £60 p.c.m. Garage 2: Rent: £50 p.c.m. Garage 3: Rent: £50 p.c.m. Garage 4: Rent: £50 p.c.m. Garage 5: Rent: £55 p.c.m. Garage 6: Rent: £50 p.c.m. Garage 7: Rent: £65 p.c.m. Garage 8: Rent: £60 p.c.m. Garage 9: Rent: £65 p.c.m. Garage 10: Rent: £75 p.c.m.

ADDITIONAL COSTS

Administration Fee: £1,200 (£1,000 plus VAT) Please see the legal pack for any further costs.

Additional Fees

Administration Charge - these fees are included in the above sales particulars.

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