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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.
Tenure
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating N/A
Local Authority
Manchester City Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
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.