Lot 88 17 Leasehold Lock-Up Garages Producing Approx. £21,000 Per AnnumAuction Date:
21st September 2022
Garages Adjacent 5 Deans Close, South Croydon, CR0 5PU
Currently let at £20,760 per annum
These 17 lock-up garages are located in a compound accessed via a private driveway just off Chichester Road. They are of brick construction with up-and-over doors beneath a flat metal roof and are let at present, by way of annual licences and produce £20,760 per annum.
The garages are situated just off Chichester Road close to its junction with Park Hill Rise in this established residential location, just off the A232. The comprehensive shopping facilities and amenities of South Croydon are just over a mile to the south. There are excellent road links to central London, Gatwick and the surrounding areas via the nearby A23/M23.
Tenure
Remainder of a 99-year lease from 29th September 1974 at a peppercorn ground rent.
Viewing
Interested applicants may view during daylight hours taking care not to trespass on neighbouring properties.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
