Price Offers in the region of £80,000

Rates Payable Upon Enquiry

Description

An opportunity to acquire a freehold site comprising 13 garages off Mount Pleasant Road, within an established residential area of Stillington.
The garages are predominantly of brick construction with individual metal garage doors, arranged around a surfaced yard providing vehicular access.
The extent of the property offered for sale is shown on the attached sale boundary plan.

Terms

Tenancies and Rental Income
The vendor’s supplied schedule records nine occupied garages and four vacant garages, with an annual rental income of £4,842.24.
The occupancy and rental position will be confirmed during the sale process. Further tenancy information is available upon request.

Tenure and Possession
The property is offered for sale freehold.
The vendor is willing to sell subject to the existing tenancies. Vacant possession can be obtained if required, with arrangements and timescales to be agreed.

Conditions of Sale

The sale will be conditional upon the purchaser entering into a contractual commitment to improve the garages and site. The scope of works and completion timescale will be agreed with the vendor and incorporated into the sale documentation.
A pedestrian access route between Manor Drive and Mount Pleasant Road passes through the site. Details of any associated rights will be confirmed through the sale documentation.

Proposed Use

Interested parties should outline their intended use and proposed improvements when submitting an offer. Any alternative use or redevelopment would be subject to the vendor’s agreement, the terms of sale and all necessary planning and statutory consents. The vendor may also require restrictions limiting the property’s use to the agreed purpose.