West Street, Alford

Willsons are pleased to market this exciting investment opportunity to purchase 13 garages situated near to the centre of the market town of Alford.

All of the garages are currently let on Garage License Agreements and have been particularly well maintained.

Location - The garages are situated to the north of West Street, being a publicly maintained highway, near to the centre of the market town of Alford in Lincolnshire.

The garages are all accessed from the public highway via a tarmacked entrance roadway which leads to a concrete central turning area.

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Tenure And Possession - We are offering for sale the Freehold interest in the property.

All garages are currently let on Garage License Agreements (a copy of the agreement can be provided to prospective purchasers upon request). It is intended that the property is sold with the benefit of the Tenants in situ.

Services - We understand that mains water is connected to the site, however, is not currently used. We are not aware that the property has any other mains services connected.

Restrictions, Easements & Rights Of Way - We understand that East Lindsey District Council have a Right of Way over the access roadway to a field gate adjoining the development known as Westfields. In addition, there is a public footpath adjacent to the access roadway which gives pedestrian access to the development known as Westfields.

We are not aware that the site is affected by or has the benefit of any wayleaves, easements or rights of way, however the property is sold with all rights, liabilities, wayleave consents and privileges which may affect it whether referred to in these particulars or not.

Construction - The garages are of brick construction with timber double doors beneath a corrugated fibre cement sheeted roof. Three of the garages have the benefit of metal up and over garage doors.

Income - The garages are currently let for £28 per calendar month which equates to an income of £4,368 per annum. A large proportion of the rent has been paid in advance and therefore is currently in hand. It is proposed that any rent which has been paid in advance at the date of completion is deducted from the completion monies, therefore being transferred to the future successor in title.