Lot 102: SEVEN LOCK-UP GARAGES AND 12 CAR PARKING SPACES WITH POTENTIAL

Sold £65,000

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.