Lot 61 - 10 FREEHOLD LOCK-UP GARAGES AND 52 CAR PARKING SPACES

Sold £325,000

Separated by a service road (Totland Close) are two sites situated in a mainly residential area, a short distance from the centre of Farnborough, comprising on one side a collection of 10 lock-up garages with eight car parking bays, while on the other side of Totland Close is a larger car park comprising 44 car parking bays.

We are advised that the existing owners have access to an electricity supply for lighting and CCTV installation in the larger car park, though the CCTV is yet to be installed. Further information in respect of the progress of these works will be included in the legal pack which will be available to download from the Clive Emson website.

It is considered both the car parking spaces and garages are ideally suited for rent to local residents, with garage rental fees in the area estimated at between £15 and £20 per week and an estimated rate of £50 per calendar month for a car parking bay.

Prospective purchasers should, of course, rely on their own enquiries.

Viewing

Prospective purchasers may view the garages and land on site during daylight hours.

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/