Lot 113: 23 LOCK-UP GARAGES FOR INVESTMENT OR SITE RE-DEVELOPMENT

Sold £160,000

This freehold 0.08 hectare (0.20 acre) site comprises 19 garages accessed via Worcester Close, with a further four lock-ups accessed via Sedgemoor Road.

All of the Worcester Close garages are at present vacant, while two of the Sedgemoor Road lock-ups are at present let under licence agreements at a rent of £12 per garage per week.

The current owner has sought pre-application planning advice from the Local Authority in respect of a partial site re-development and received an encouraging response.

Copies of this advice will be included in the legal pack which will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Local Planning Authority

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

Tenancy

Garages 22 and 23 are at present let under licence agreements at a rent of £12 per week or £624 per annum.