Garages 1-3 Upper New Road (adj house 37) West End, Eastleigh, Southampton SO30 3BD
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 14 May
- 3 x Freehold Garages, each with approx. internal size of 8 x 16ft
- All Garages currently individually let on a Quarterly license agreement
- 3 months notice (quarter notice) to achieve vacant possession
- Deposit held on each tenancy (to be transferred to new owner)
- New Hormann ‘up and over’ Garage doors & new Anti-condensation galvanised steel roof sheets
- Investment let at £4,264 p.a. (12.92% GIY on guide price)
Description
StrapLine
Auction Sale - 13/05/2025Of interest to Investors and Owner Occupiers
3 x Freehold Garages
Investment let 4,264 p.a.
Description
3 x Freehold Garages
Investment let at £4,264 p.a. (12.92% GIY on guide price)
All garages are let at £26-£30 per a week
If all garages were let at £30 per a week it would have the potential to produce £4,680 p.a.(Garage 2 is currently let at this level)
New Hormann ‘up and over’ Garage doors & new Anti-condensation galvanised steel roof sheets have been fitted to the garages in the last 2 years.
Location
The property is located on the west side of of Upper new road opposite house number 37 and close to the junction with September close.
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 £26 per a week - £1,352 p.a.
- Garage 2 - Let at £30 per a week - £1,560 p.a.
- Garage 3 - let at £26 per a week - £1,352 p.a.
Total = £4,264 p.a.
Accommodation
3 x Freehold Garages, each with approx. internal size of 8 x 16ft
Garages 1-3 Upper New Road (adj house 37) West End, Eastleigh, Southampton SO30 3BD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hedge End Station1.8 miles
- Bitterne Station1.9 miles
- Swaythling Station2.1 miles
Notes
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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.”
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