Lot 102

SEVEN LOCK-UP GARAGES AND 12 CAR PARKING SPACES WITH POTENTIAL

Garages Adj. 85 Fairfax Road, Farnborough, Hampshire, GU14 8JR
Garages Adj. 85 Fairfax Road, Farnborough, Hampshire, GU14 8JR
Sold £65,000

One garage currently let at £946.40 per annum

Six garages and 12 parking spaces vacant

This freehold garage and car parking compound measures 0.05 hectares (0.12 acres) and is situated a short drive from the centre of Farnborough.

The site includes seven lock- up garages, six of which are at present vacant, and the site of an eighth garage which has recently been demolished. In addition, there is a substantial parking area.

The site is considered ideal for continued use as an income-producing investment. Alternatively, prospective purchasers may wish to consider site re-development, and the existing owners have had plans drawn for three houses, although this has not as yet progressed to a planning application. Copies of the current owners’ drawings are available for inspection from the Auctioneer's office.

Tenancy

Garage seven is at present let under the terms of a licence agreement at a rent of £18.20 (including VAT) per week.

Local Planning Authority

Rushmoor Borough Council. Tel: 01252 398399. Website: rushmoor.gov.uk.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/