Auction House London

Lot 41

Garages - Garage / Parking 

Garages 1-12 & Flats 10-13 (Sold Off) Southfield

Sutton Hill, Telford, Shropshire, TF7 4HP

£45,000+

Guide Price

A Freehold Investment Comprising Twelve Single Storey Lock-Up Garages (One is Sold Off) and a Ground Rent Secured Upon Four Flats (Sold Off). Nine of the Garages are Let and the Four Flats Generate a Ground Rent Producing a Combined Income of £4,743.40 per annum with Two Vacant Garages.

Description

The property comprises twelve single storey lock-up garages (one is sold off) and a freehold ground rent on four flats (sold off). The garages front the main road and extend to circa 5,000 sq ft in total.

Tenure

Freehold

Location

The properties are situated on a residential road in the Sutton Hill area of Telford close to local shops and amenities. The open spaces of Telford Hotel Golf Resort are within easy reach. Transport links are provided by the M54 motorway which is easily accessible.

Tenancy

Nine Garages are let at a combined rent of £90.45 per week. Thus a total income of £4,703.40 per annum.

Garages 2 and 9 are vacant.

Garage 4 is sold off with Flat 11

Flats 10,11,12,13 are sold off on on long leases at a ground rent of £10 per annum each.

Total Income £4,743.40 per annum. Plus Two Vacant Garages

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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Due to government guidelines, we will not be hosting Open House Viewings. For further information, please register for the legal pack. For all enquiries, please contact Andrew Binstock on andrew@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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