Lot 26 Twelve Freehold Garages And Five Adjoining Parking Spaces In City CentreAuction Date:
20th March 2025
Land & Buildings, West Side Of New Dorset Street, Brighton, BN1 3LL
On the Instructions of Brighton & Hove City Council
Currently let at £15,799 per annum Estimated rental £21,799 per annum
Key Features
A rare opportunity to acquire 12 freehold garages and five parking spaces producing £15,799 per annum with the potential for rental growth. The garages are of concrete construction with corrugated flat rooves and up and over doors. The parking spaces have been tarmacked. They are situated in the Westhill area of Brighton being just off Upper Gloucester Road between Brighton station and Churchill Square. There are comprehensive shopping facilities and amenities in the vicinity with easy access to the seafront. There are excellent road links to all surrounding towns including Worthing, Eastbourne, with access to Gatwick and London via the nearby A23.
Garages 1,2,7,9,10 & 12
Tenancy
Let under the terms of renewable rolling Licences, each at a current rental of £100 per calendar month.
Garage 8
Tenancy
Let under the terms of a renewable rolling Licence at a current rental of £200 per calendar month.
Garage 3 & 5
Tenancy
Vacant.
Garages 4,6 & 11
Tenancy
Let under the terms of renewable rolling Licences, each at a current rental of £108.33 per calendar month. Garage 4 will become vacant from 15 March 2025.
Car Parking Spaces
Spaces 1,4 & 5
Tenancy
Vacant.
Spaces 2 & 3
Tenancy
Let under the terms of renewable rolling Licences, each at a current rental of £100 per calendar month.
Site Measurements
The site extends to approximately 0.02 hectares (0.06 acres).
Freehold with Part Vacant Possession
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
