Cornflower Drive, Springfield, Chelmsford

£250,000
  • Ref: 15912
  • Availability: For Sale
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Property Summary

SOLD BY AUCTION ON THE 16TH MAY 2019 FOR £270,000. DEVELOPMENT POTENTIAL, SUBJECT TO ALL NECESSARY CONSENTS. CAR PARK & GARAGES…Twenty-eight single lock up garages & adjoining car park. Twenty seven are being sold subject to Monthly Licence Agreements at a rent of £47 per calendar month for each garage. One is let at a rent of £46 per calendar month and one is becoming vacant. In addition there is a car park also let on a Monthly Licence Agreement at a Rent of £96 per calendar month. Thus producing £16,368 with the potential for an additional £564 per annum should the twenty eighth garage be let. The garages are situated within blocks at the end of a cul de sac and are ideal for an investor or someone looking for useful additional parking/storage space.

Full Details


DESCRIPTION
Twenty eight single lock up garages under a flat roof with metal up and over doors.

There is potential for the development of the adjoining car park, subject to all necessary consents.

TENANCIES:
Twenty six garages are let on Monthly Licence Agreements at a rent of £47 per calendar month for each garage.
One garage is let on Monthly Licence Agreements at a rent of £46 per calendar month for each garage.
Car Park let on a Monthly Licence Agreement of £96 per calendar month.
Thus producing £16,368 per annum.
There is potential for an additional £564 per annum should the Twenty Eighth garage be let.
The Car Park site offers potential for development, subject to all necessary consents.

TENURE: Freehold

NOTE:
At the time of going to print Hair and Son have not had the opportunity to carry out internal inspections.
The photographs used are indicative of the block.
The occupancy information is accurate at the time of going to print but may be subject to change. Any that become vacant prior to completion will not be re-let.

VIEWING
Please contact the Auctioneer.


Contact auctioneer on 01702 43 22 55 for Legal Pack details.