£125,000
Rear Of Quantock House, North Petherton, TA6
- 0 beds
£125,000
- 0 beds
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REDUCED
Here we have a great freehold investment opportunity with two blocks of garages totally 20 units. Demand is high with a waiting list of applicants.
Eight have been sold and are on long term leases which we understand were originally 999 year leases. Those on a long term lease, pay a proportion of the buildings insurance annually and £40 per annum towards maintenance.
The remaining twelve are retained by the freeholder. Rents received for the twelve is in the region of £12,000 per annum. There is some scope to improve on this by reviewing the rents.
With regard to the land in front of the garages we have been advised that there there is right of access over it to access the garages. We are unable to verify this.
It will be the responsibility of the purchasers' solicitor to verify all of the above.
Please call us to discuss your requirements.
Asking Price: £125,000.
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£125,000
property for sale
Rear Of Quantock House, North Petherton, TA6
REDUCED
Here we have a great freehold investment opportunity with two blocks of garages totally 20 units. Demand is high with a waiting list of applicants.
Eight have been sold and are on long term leases which we understand were originally 999 year leases. Those on a long term lease, pay a proportion of the buildings insurance annually and £40 per annum towards maintenance.
The remaining twelve are retained by the freeholder. Rents received for the twelve is in the region of £12,000 per annum. There is some scope to improve on this by reviewing the rents.
With regard to the land in front of the garages we have been advised that there there is right of access over it to access the garages. We are unable to verify this.
It will be the responsibility of the purchasers' solicitor to verify all of the above.
Please call us to discuss your requirements.
Asking Price: £125,000.