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Garages at Aylesford Drive, Marston Green, Birmingham, B37 7BX

Sold for for £82,000.
 

Guide Price £40,000-£45,000 plus fees


Thursday 30th April 2015

11.00am
Key Features
19 Freehold Garage Investments <1mm/> Current Annual Income: £5,714.64 Potential Annual Income: £6,068.68<1mm/>
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Sold for for £82,000.

Garages

Is Preliminary Lot

False

Property Description

19 Lock-up garages, subject to tenancies and long leases, situated in a residential location. Garages 1-3, 4-10 and 12-14 are accessed between 45 & 47 Aylesford Drive and Garages 16-18, 20 and 22 are accessed between 33 and 35 Aylesford Drive.

Property Type

Land & Development Opportunities & Garages

Tag Line

19 Freehold Garage Investments
Current Annual Income: £5,714.64
Potential Annual Income: £6,068.68

Tenancy Details

Garages, 1, 2, 3, 5, 6, 7, 8, 9, 10, 12, 14, 16, 17, 18, 20 and 22 are let on a rental of £88.51 each per quarter with the exception of garage 13 which is vacant.
Garages 15 and 19 are subject to Long Leases (see legal pack for Lease details), subject to a ground rent of £25 each per annum.
Current Annual Income from Rental Garages: £5664.64
Current Annual Ground Rents: £50.00
Current Annual Income: £5,714.64

Tenure

We understand that the garages are Freehold and are being sold subject to the existing tenancies/leases.

Viewings

The site is open for viewings.

Tenure: