•Auction Date: 26th & 27th June 2019
•Guide Price: £57,500+
•Six lock up garages/ workshop units
•Potential re-development opportunity (STP)
•Approx. total site area – 3,659 sq. ft
Six lock up garages/ storage units, all to be sold under one freehold title.
The units are located to the rear of 52-54 St John’s Avenue and can be accessed via a side entry as shown in the front image. The common lane entry and courtyard turning areas are used in conjunction with neighbouring properties.
The freehold units each provide an excellent investment or additional storage space to potential purchasers. There is also the potential to re-develop the site subject to the necessary planning consents.
Storage Unit 1 – 440 sq. ft
Storage Unit 2 – 630 sq. ft
Storage Unit 3 – 188 sq. ft
Storage Unit 5 – 300 sq. ft
Storage Unit 6/ Double Garage Unit – 380 sq. ft
Approx. Total Site Measurement – 340 m2 – 3,659 sq. ft
(Please note that all measurements have been taken from a third party).
We understand the site has mains electricity to part of the site. However, interested parties are to carry out their own investigations.
The units are producing a total income of approximately £411 pcm (£4,932 per annum). This reflects a current gross yield of 8.58%, based on the guide price.
There is potential for re-development subject to the necessary planning consents.
2% (min. £3,600) inc. VAT.