Petunia Crescent, Springfield, Chelmsford

£95,000
  • Ref: 15914
  • Availability: For Sale
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Property Summary

SOLD BY AUCTION ON THE 16TH MAY 2019 FOR £100,000. POTENTIAL FOR DEVELOPMENT, SUBJECT TO ALL NECESSARY CONSENTS…A block of eleven single lock up garages, seven are being sold subject to Monthly Licence Agreements at a rent of £47 per calendar month thus producing £3,948 per annum. Four are vacant. There is potential to add an additional £2,256 per annum should the four vacant garages 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
A block of eleven single lock up garages under a flat roof with metal up and over doors.

Potential for redevelopment of the site, subject to all necessary consents.

TENANCIES:
Seven garages are let on Monthly Licence Agreements at a rent of £47 per calendar month for each garage.
Thus producing £3,948 per annum. There is potential for an additional £2,256 per annum should the four vacant 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.