Garages
A freehold garage site comprising a row of nine garages, which are currently let producing an income of circa £300 pcm. Seven of the garages are let at £30 pcm, and two are let at £40pcm. There is potential for the rental income to be increased by the new owner, inline with current market values. Prospective buyers are advised to inspect the legal pack for further information and make all necessary independent enquiries prior to placing their bid as this will be binding.
The site is situated to the rear of Branch Road, Wortley, in a predominantly residential area and may have future development potential, subject to consents. The site is accessed via an entrance on Cow Close Road.
Note: The registered address is Land lying to the North of Cow Close Road, Leeds.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
The Buyers 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 Price
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.
