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

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 15th May 2025 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.

GUIDE PRICE: £50,000 to £70,000

Block of 10 tenanted garages. Current income of £7,020 p.a., circa 12% yield. Access is via a secured gate to the garages. 2 having limited access, plus 2 of which are larger than average.

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

SERVICES
No services are connected.

TENURE
Freehold subject to tenancies.

TENANCIES
Rental Agreement.
Garage 1:
Term: 3 months from 07/03/2023 (Now rolling)
Rent: £65 p.c.m.
Garage 2
Term: 3 months from 12/11/2013 (Now rolling)
Rent: £50 p.c.m.
Garage 3:
Term: 3 months from 01/11/2013 (Now rolling)
Rent: £50 p.c.m.
Garage 4:
Term: 3 months from 12/11/2013 (Now rolling)
Rent: £50 p.c.m.
Garage 5:
Term: 3 months from 18/08/2017 (Now rolling)
Rent: £55 p.c.m.
Garage 6:
Term: 3 months from 17/10/2022 (Now rolling)
Rent: £65 p.c.m.
Garage 7:
Term: 3 months from 10/11/2022 (Now rolling)
Rent: £50 p.c.m.
Garage 8:
Term: 3 months from 16/02/2022 (Now rolling)
Rent: £60 p.c.m.
Garage 9:
Term: 3 months from 08/07/2023 (Now rolling)
Rent: £70 p.c.m.
Garage 10:
Term: 6 months from 01/10/2024 (Now rolling)
Rent: £70 p.c.m.

ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT)
Buyers premium: £600 (£500 plus VAT)
Please see the legal pack for any further costs.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.