North West’s Largest Independent Estate Agent

Lot 16 - Wednesday 7th July 202110 Garages at Euston Grove, Prenton, Merseyside, CH43 4TZ

SOLD £69,000

Legal Pack


For Sale by Online Auction 7th July 2021

WHY BUY?
10 Lock up garages
90% let producing £5,400 pa
Potential to increase income
High yield investment

DESCRIPTION
This is an excellent investment opportunity to acquire 10 lock up garages which are currently 90% let producing £50pcm per garage = £5,400 per annum, but with a little maintenance the rental income could be increased to £55pcm per garage and an annual income of £6,600pa. Situated in a popular residential area with strong demand the garages produce a high yield. All garages are let on a month to month licence subject to three months notice.

LOCATION
Located on the corner of Euston Grove and Mather Road in a popular and well established residential location.

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.

Stamp Duty Calculator

You will pay
£1,500
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

• if you complete before 31 March 2021, you may be exempt from paying Stamp Duty on the first £500,000 of your property value

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