Parking/garage for sale in Telford TF7, 0 Bedroom

Guide Price = £45,000+

**For Sale By Online Auction . To inspect the legal documents for this property go to our website to download the legal pack**

A Freehold Investment Comprising Twelve Single Storey Lock-Up Garages (One is Sold Off) and a Ground Rent Secured Upon Four Flats (Sold Off). Nine of the Garages are Let and the Four Flats Generate a Ground Rent Producing a Combined Income of £4,743.40 per annum with Two Vacant Garages.

Tenure
Freehold

Location
The properties are situated on a residential road in the Sutton Hill area of Telford close to local shops and amenities. The open spaces of Telford Hotel Golf Resort are within easy reach. Transport links are provided by the M54 motorway which is easily accessible.

Description
The property comprises twelve single storey lock-up garages (one is sold off) and a freehold ground rent on four flats (sold off). The garages front the main road and extend to circa 5,000 sq ft in total.

Tenancy
Nine Garages are let at a combined rent of £90.45 per week. Thus a total income of £4,703.40 per annum.

Garages 2 and 9 are vacant.

Garage 4 is sold off with Flat 11

Flats 10,11,12,13 are sold off on on long leases at a ground rent of £10 per annum each.

Total Income £4,743.40 per annum. Plus Two Vacant Garages

Due to government guidelines, we will not be hosting Open House Viewings.

For further information, please register for the legal pack. For all enquiries, please contact Andrew Binstock on