For Sale By Auction | 14:00, 17 December 2019 | Lot 26

Garage Colony Rear Of 20 Ramsey Street, Moston, Manchester, Greater Manchester, M40 5HW

*Guide | £39,000 (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Tue 17/12/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

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

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.