This property is no longer on the market
Garage
Property description & features
- Tenure: Freehold
- Freehold
- INVESTMENT OPPORTUNITY in highly sought after parking & storage sector
- 7.71% Return
- Income £2700 pa
- 3 x Adjoining Garages (Tenanted)
- Garages Painted inside & Security Post Fitted
- Adjacent to railway station
- M6 junction 11 & M6 Toll T7 close by
- South Staffordshire village
- No VAT chargeable on purchase
Property number 42627. Click the "Request Viewing" or "Email Agent"button, submit the form and we'll text & email you within minutes, day or night.
How about a FREEHOLD Lock up Garage Investment with 7.71% return.
S21 = NO
S24 = NO
RRB = NO
EPC = NO
Licensing = NO
FREEHOLD LOCK UP GARAGES INVESTMENT
-3 x Adjoining Garages (tenanted)
-Income £2700 pa
-7.71% Return
-High Demand
-Limited Supply
-Minimal Maintenance
Situated in a South Staffordshire village midway between Birmingham & Stafford and locally between Walsall & Cannock.
Transport links close to M6 junction 11 and M6 Toll T7 and adjacent to the railway station.
Garages are brick built construction with flat roof
Garages x 3 adjoining within a larger block in a courtyard
Garage A = £70 pcm (£840 pa)
Garage B = £90 pcm (£1080 pa)
Garage C = £65 pcm (£780 pa)
Total £2700 pa
Tenants pay rents direct into bank by monthly STO
All garages have been painted inside and have security post fitted.
Storage and parking are always in high demand so this is a lucrative and sought after opportunity
This is a relatively hands off Investment as majority of tenants remain in situ for a while.
NO VAT Chargeable on Purchase
Legal Costs
Potential purchasers will need to place an undertaking with their Solicitor in the sum of £1000 which will be used to cover the Vendors legal fees if the sale does not proceed to completion. If the sale does proceed to completion then this sum will be deducted from the sale price on completion.
Viewings
The garage site is open for external inspection. No internal viewings will be available as they are occupied.
Please note that all parties viewing the property do so at their own risk and neither the vendor nor agent accept any responsibility or liability as a result of such viewings
If you're interested in this property please click the "Request Viewing" button above
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Property reference 42627. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Visum - Leicestershire.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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