• For Sale By Unconditional Online Auction
  • Guide Price* : £60,000
  • Auction Ends

Garages 1-12 & Flats 10-13 (Sold Off) Southfield, Sutton Hill, Telford, Shropshire, TF7 4HP

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.

Viewing Details

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For all enquiries please contact us directly on 0207 625 9007

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.

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

Note

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

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

Minimum Opening Bid

£60,000

(Reserve Not Met)
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* Guide | £60,000
  • Garages
  • Tenure: Freehold
  • Unconditional (Immediate Exchange)

Call the team on 020 7625 9007 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.