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Garage for sale

Lock up garages at Highfield Street, Long Eaton, Nottinghamshire NG10 4GY

Sold STC £55,000

Property Description

Key features

  • 14 x lock up garages
  • Scope for rental increase
  • 12 let producing a combined income of 3,796 p.a.
  • Close proximity to the town centre
  • EPC Rating: Not Applicable

Full description

For sale by auction on Wednesday 7th December 2016
At The Pedigree Suite, iPro Stadium, Derby, DE24 8XL
Commencing at 11:30 am

14 lock up garages 12 of which are let at a combined rent of £3,796.

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.


Directional Notes

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.


Tenure
Freehold

Viewing Details

By arrangement with the auctioneer 01332 242880 or can be booked online at www.sdlgrahampenny.co.uk


Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction day. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.


Note

Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.

The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.


Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlgrahampenny.co.uk on the sales details page or in the legal pack.



Map & Street View

Disclaimer - Property reference gp_derby_1440361_2586. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions Graham Penny, Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Graham Penny, Derby on 01332 242880.


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