Garage Colony - 25 Garages Part Let Producing £7,223pa
Garage colony comprising 25 lock up garages to rear of Ramsey Street and also bounded by Kirkby Avenue and Joyce Street, access is via a drive-way adjacent to no. 20 Ramsey Street in a residential area of Moston. We have been provided with a tenancy schedule which shows that rents for the garages range between £31 - £50 pcm with additional income by way of right of way agreement being payable at £15 pcm. At present there are five garages vacant and the total rental income in 2018/2019 was £7,223 pa with potential to increase to approximately £9,000 pa when fully let. The garages sit on a site area of approximately 0.25 acre and may suit future development subject to the necessary consents being obtained.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating N/A
Manchester City Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.