From
£65,000
Property for sale
Hawkswood Road, Hailsham BN27Auction
Key information
Tenure
Council tax band
About this property
6 x Freehold Garages
Investment let at £5,980 p.a. (Part Vacant)
5 Garages currently let (1 vacant)
Asset management potential to increase the rent
Potential erv of £9,360 p.a. If all garages let at £30 per week (Garage 5 & 6 currently let at this level)
All garages have had new roofs and doors installed within the last 18 months
Located in a predominantly residential area
Strapline
Auction Sale - 24/09/2024
Of interest to Investors and Owner Occupiers
6 Freehold Garages and Land
Investment let at £5,980 p.a. (Part Vacant)
Description
6 x Freehold Garages part let.
All garages have had new roofs and doors installed in the last 18 months
Total at present producing £5,980 pa (with one garage vacant and two garages that could be increased to the modern rent of £30 pw) If all garages were increased to £30pw a rental income of around £9,360 pa would be produced.
Location
The property is located on the West side of Hawkswood Road and can be accessed via a laneway beside Hawkswood Court.
Tenancy
6 Garages
- Garage 1 - Let at £15 per a week - £780 p.a.
- Garage 2 - Vacant
- Garage 3 - Let at £25 per a week - £1,300 p.a.
- Garage 4 - Let at £15 per a week - £780 p.a.
- Garage 5 - Let at £30 per a week - £1,560 p.a.
- Garage 6 - Let at £30 per a week - £1,560 p.a.
All garages are let on quarterly licence agreements and paid till 29th September 2024.
A deposit of £250 per a let garage is held.
Accommodation
6 x Garages and associated access road and land.
More information
Listed by
Savills - National Auctions
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