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Foxglove Way, Springfield, Chelmsford

£100,000
  • Ref: 15915
  • Availability: For Sale
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Property Summary

SOLD BY AUCTION ON THE 16TH MAY 2019 FOR £135,000. DEVELOPMENT POTENTIAL, SUBJECT TO ALL NECESSARY CONSENTS. CAR PARK & GARAGES...Twelve single lock up garages, all are being sold subject to Monthly Licence Agreements at a rent of £47 per calendar month. In addition there is a car park also let on a Monthly Licence Agreement at a rent of £96 per calendar month thus producing £6,768 per annum. The sites offer potential for redevelopment, subject to all necessary consents.

Full Details


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

There is potential for the construction of additional garages and the development of the car park, subject to all necessary consents.

TENANCIES:
All are let on Monthly Licence Agreements at a rent of £47 per calendar month for each garage.
Car Park let on a Monthly Licence Agreement at a rent of £96 per calendar month.
Thus producing £6,768 per annum. The sites offer potential for redevelopment, 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.