Alma Place, North Shields

Located within a rear lane behind Alma Place in North Shields, Tyne & Wear, an established residential location made up of mainly terraced housing on the outskirts of North Shields Town Centre.
Offered for sale are three single garages, one larger single garage and one treble garage, a yard and double gated entrance constructed with a flat roof, brick main walls and solid floors. Access to the garages is provided by up and over garage doors.

Location - The subject property is located within a rear lane behind Alma Place in North Shields, Tyne & Wear. Access to the property is gained via Preston Road opposite Christ Church adjacent to the Keel Row Bookshop and also via Grosvenor Place. This is an established residential location made up of mainly terraced housing on the outskirts of North Shields Town Centre. As such the area is provided with access to a reasonable level of local services and facilities.

Description - The property comprise three single garages, one larger single garage and one treble garage, a yard and double gated entrance. The properties are constructed with a flat roof, brick main walls and solid floors.

Site Area - The site area totals 198sqm (2131sqft).

Accommodation - We were unable to carry out a full inspection of the garages. We estimate the three single garages to be approximately 5.5m x 2.4m, the larger double garage to be approximately 7.7m x 5m and a treble garage.

Occupation - We understand that all the garages are let, the rental income is as follows:

Unit 1 £120pcm
Unit 2 £80pcm
Unit 3 £60pcm
Unit 4 £60pcm
Unit 5 £60pcm

Services - Electricity is supplied to the treble unit only.

Planning - We understand that the premises have planning permission for their existing use as domestic garages.

Rating Liability - We were unable to establish a rateable value. Interested parties should contact the Valuation Office Agency (VOA).

Price - Our client is seeking £79,950 for the freehold interest.

Vat - All prices quoted are exclusive of VAT at the prevailing rate.

Money Laundering - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.

Costs Or Legal Costs - Each party will be responsible for their costs in the transaction.