Garages 1-3, Cobbett Way, Botley, Southampton SO30 2ET
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 14 May
- A detached block of 3 x Freehold Garages
- All Garages currently let on a Quarterly license agreement
- 3 months notice (quarter notice) to achieve vacant possession
- A deposit is held on each tenancy (to be transferred to new owner)
- Investment late at £5,304 p.a. (16% GIY on guide price)
Description
StrapLine
Auction Sale - 13/05/2025Of interest to Investors and Owner Occupiers
A detached block of 3 x Freehold Garages
Investment let at £5,304 p.a.
Description
3 x Freehold Garages
Investment let at £5,304 p.a. (16% GIY on guide price)
All 3 garages are let at £34 each per a week
Location
The property is located on the south side of Cobbett Way which can be accessed off Brook Lane
Tenancy
3 x Freehold Garages fully let
let on quarterly garage licence agreements at rentals as listed below. Rent deposits are held on each of the let garages and to be transferred to the new owner.
The licence on any garage may be terminated by either party by one quarter notice in writing.
- Garage 1 - Let at £34 per a week - £1,768 p.a.
- Garage 2 - Let at £34 per a week - £1,768 p.a.
- Garage 3 - Let at £34 per a week - £1,768 p.a.
Total = £5,304 p.a.
Accommodation
A detached block of 3 x Freehold Garages
Garages 1-3, Cobbett Way, Botley, Southampton SO30 2ET
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Botley Station1.0 miles
- Hedge End Station1.4 miles
- Bursledon Station2.4 miles
Notes
Disclaimer - Property reference 187-16390. 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 Savills Auctions, London. 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.
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 Savills Auctions, London on 020 3909 6715.
*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.”
Map data ©OpenStreetMap contributors.