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

***SOLD AT AUCTION - £104,000***


**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

***SOLD AT AUCTION - £104,000***

Block of 10 tenanted garages. Current income of £6,960 p.a., circa 15% yield.
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.

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