Lot 178A
    Garages
    Garages 1-12 & Flats 10-13 (Sold Off) Southfield
    Sutton Hill, Telford, Shropshire, TF7 4HP
    Sold for £51,000.
     
    Number 1
    A Freehold Investment Comprising Twelve Single Storey Lock-Up Garages (One is Sold Off) and Ground Rents Secured Upon Four Flats (Sold Off). All Eleven Included Garages are Let and the Four Flats Generate a Ground Rent Producing a Combined Income of £6,638 per annum (Including the Sept 2023 Rent Increases).

    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.

    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

    Garage 1. £50 pcm commenced 17th July
    Garage 2 £50 pcm commenced 14th July
    Garage 3 £8.53 per week. Up to £50 pcm 17th Sept
    Garage 4 is sold off with Flat 11
    Garage 5 £50 pcm commenced 14th July
    Garage 6 £10.24 per week. Up to £50 pcm 11th Sept
    Garage 7 £10.24 per week. Up to £50 pcm 17th September
    Garage 8 £10.24 per week. Up to £50 pcm 4th September
    Garage 9 £50 pcm commenced 26th July
    Garage 10 £46.50 pcm. Up to £50 pcm 17th September
    Garage 11 Rent up to £50 pcm on 17/9/23
    Garage 12 Rent up to £11.50 per week 4/9/23.

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

    Total Income £6,638 per annum (from Sept onwards)
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