Garages
An excellent investment opportunity to acquire 14 lock up garages occupying an established location situated within close proximity of the town centre.
Currently 12 of the 14 garages are rented out, 9 of which are let at £5 per week, 2 at £10 per week and 1 at £8 per week. This combined produces a yearly income £3,796. We feel there is scope for significant rental increase.
The garages are accessed via a private driveway from off Highfield Street and there are two rows of four adjoining garages and six back to back garages in total.
The site may be suitable for redevelopment to accommodate a single dwelling subject to obtaining the relevant and necessary planning consents from the local authority.
On entering Long Eaton on Derby Road passing Trent College on the right hand side, take the next left onto College Street, the fourth right onto Highfield Street and the lock up garages will be located on the left hand side as denoted by our auction for sale board.
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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