Crocus Way, Springfield, Chelmsford

£80,000
  • Ref: 15910
  • Availability: For Sale
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Property Summary

SOLD BY AUCTION ON THE 16TH MAY 2019 FOR £85,000. INVESTMENT OPPORTUNITY...Nine single lock up garages within blocks, seven are being sold subject to Monthly Licence Agreements and two are vacant. Three garages are let at £46 per calendar month for each garage and four are let at £51 per calendar month for each garage thus producing £4,104. There is potential for an additional £1,224 per annum should the two vacant 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
Nine single lock up garages under a flat roof with metal up and over doors.

TENANCIES:
Four of the garages are let on Monthly Licence Agreements at a rent of £51 per calendar month for each garage.
A further three are let on Monthly Licence Agreements at a rent of £46 per calendar month for each garage.
Thus producing £4,104. There is potential for an additional £1,224 per annum should the two garages be let.

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.