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Garages, Broad Street, Foleshill, Coventry, West Midlands CV6 5AX

Guide Price: £48,000
Auction Thursday 14th Jul 2022 6.30pm
Village Urban Resort Hotel
Dolomite Avenue, Canley, Coventry CV4 9GZ

Description

**IN THE ROOM AND LIVESTREAM **

To be sold via Public Auction on Thursday 14th July 2022 at 6:30pm Village Urban Resort Hotel, Canley, Coventry CV4 9GZ

Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.

passport.eigroup.co.uk/bidder-registration/loveitts

GUIDE PRICE: £48,000

Block of 10 tenanted garages. Current income of £6,960 p.a.
Access is via a secured gate to the garages. 2 having limited access, plus 2 of which are larger than average. Circa 14% yield.

LOCATED
Located via a shared access adjacent to Broad Street Local.

TENURE
Freehold subject to tenancies.

TENANCIES
Garage 1:
Rent: £60 p.c.m.
Garage 2:
Rent: £50 p.c.m.
Garage 3:
Rent: £50 p.c.m.
Garage 4:
Rent: £50 p.c.m.
Garage 5:
Rent: £55 p.c.m.
Garage 6:
Rent: £50 p.c.m.
Garage 7:
Rent: £65 p.c.m.
Garage 8:
Rent: £60 p.c.m.
Garage 9:
Rent: £65 p.c.m.
Garage 10:
Rent: £75 p.c.m.

ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.

Key Facts

In the room and Livestream Auction Secured access gate Block of 10 garages Tenanted investment opportunity
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