Lot 98 - BLOCK OF EIGHT GARAGES, PLUS PARKING SPACE WITH POTENTIAL

Sold £58,500

Currently let at £5,124 per annum, plus two vacant garages

Potential income of £8,736 per annum

A freehold unbroken block of eight garages, plus single parking space next to Garage 8 which may have potential for an additional garage/store, subject to all necessary consents being obtainable.

Six of the garages are let and two further garages are vacant. It is considered that a couple of the units are let at below market value. Therefore, with a rental increase and full occupancy, there is potential of a rental income of circa £8,736 per annum.

The garages are located in a mainly residential area of Yeovil on the outskirts of the town centre and are likely to be of interest to investment buyers to start or add to their property portfolio.

Local Planning Authority

South Somerset District Council. Website: southsomerset.gov.uk. Tel: 01935 462462,

What3Words

The garages can be located using the What3Words app and entering the words ///float.plug.worked

Viewing

Interested parties may view directly on site during daylight hours.

Freehold with Part Vacant Possession

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/