Lot 91: BLOCK OF 18 GARAGES AND PLANNING FOR AN ADDITIONAL 14 ON SITE

The site is located in a predominantly residential area in Hastings. Currently there are 18 garages, 11 of which have been sold on long leases at a current ground rental of £5 per annum, per garage. Of the remaining seven garages, four are let at £720 per annum each and three are currently vacant. Planning Permission has also been granted for the construction of a further 14 garages on the opposite side of the site which, once completed, maybe suitable for re-sale or letting to provide a good income.

Garages

Eighteen garages of brick construction with up-and-over doors.

Tenancy

Four of the garages are currently let at £720 per annum, each. Three are currently vacant.

Tenure

Eleven of the garages have been sold on long leases at a current ground rental of £5 per annum each. Further details will be available within the legal documentation.

Planning

Planning Permission has been granted by Hastings Borough Council, under ref: HS/83/88/01295, dated 20th October 1989, for the construction of fourteen garages, subject to conditions (determination under Section 53). It is believed that this planning consent is still valid. Further details will be available to download from the Clive Emson website.

Freehold with Part Vacant Possession