Lock-Up Garages & Ground Rents at Mayfield Court, St Mary's Road, Stratford upon Avon, CV37 6EX

Freehold lock up garages in Stratford upon Avon

Guide price*

£30,000+

Plus fees

Sold for £54,000

Lot 100 Residential Investment
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Auction details:

Wednesday 3rd July 2019 @ 10:30AM

Freehold Lock-Up Garages 2, 17, 18, 20, 21 & 23 plus the Freehold Interest on the remaining 18 Garages Current Gross Income: £3,592.80

Property Description

A block of 24 lock-up garages plus driveway.

Tenure

Freehold – Subject to the existing tenancies.

Auctioneers Note

Please note no offers will be considered prior to the Auction Sale.

Viewings

The site is open for viewings.

Tenancy Details

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6 of the garages are being sold subject to quarterly rents and 18 are being sold subject to annual ground rents
Garages Being Sold Subject to Quarterly Rents
Garage 2 £110.64 per quarter
Garage 17 £110.64 per quarter
Garage 18 £110.64 per quarter
Garage 20 £110.64 per quarter
Garage 21 £195.00 per quarter
Garage 23 £110.64 per quarter
Total Income: £748.20
Total Annual Income: £2,992.80
Garages Being Sold Subject to Long Leases
Garage 1 £50.00 per annum
Garage 3 £0.00 per annum
Garage 4 £50.00 per annum
Garage 5 £0.00 per annum
Garage 6 £50.00 per annum
Garage 7 £0.00 per annum
Garage 8 £50.00 per annum
Garage 9 £50.00 per annum
Garage 10 £0.00 per annum
Garage 11 £15.00 per annum
Garage 12 £15.00 per annum
Garage 13 £100.00 per annum
Garage 14 £5.00 per annum
Garage 15 £50.00 per annum
Garage 16 £15.00 per annum
Garage 19 £50.00 per annum
Garage 22 £50.00 per annum
Garage 24 £50.00 per annum
Total Annual Income Receivable £600.00 per annum
Total Gross Income £3,592.80
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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