Lot 64

FREEHOLD PARKING SPACES LET ON A LICENCE

Parking Spaces, Cathedral Walk, Chelmsford, Essex, CM1 1NX
Parking Spaces, Cathedral Walk, Chelmsford, Essex, CM1 1NX
Guide Price £80,000+ * + Fees

Currently let at £9,217.78 per annum

Applicants may view directly on site during daylight hours

These parking spaces are situated in Cathedral Walk (accessed from Legg Street) at the rear of Duke Street. The land being sold is let on a licence for parking and giving access to the rear of 18 Duke Street for their respective parking.

Tenancy

The parking spaces are let to a local business on Duke Street for office parking for six tandem spaces and the licence fee has been increased to £7,425 per annum. There is provision in the licence to allow a notice period to terminate the Agreement. There is also a licence for access which was granted to the original owner of 18 Duke Street; this licence has recently been assigned to the new owner and increased to £1,792.78 per annum. Further information will be available within the legal pack, available to download from the Clive Emson website.

Parking Spaces, Cathedral Walk, Chelmsford, Essex
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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/