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    Auction House London
    Lot 76
    Garages
    Garages 1-12 & Flats 10-13 (Sold Off) Southfield
    Sutton Hill, Telford, Shropshire, TF7 4HP
    Please refer to auctioneer for more information
     
    All
    Number 1
    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
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