Freehold block of 28 garages set in 0.25 acre plot.
Twenty eight garages arranged in two back to back rows of 14 units which have recently been fitted with new up and over doors with locks and defenders. Based on the current rents the site produces an income of circa £18,000 per annum. Set in 0.25 ares the site may offer some long term development potential.
The garages are between the rear of the houses on the northern side of Wathen Road and the Bishopston Tennis Club. They are accessed from Wathen Road.
Two garages at £70 pcm = £140.00
One at £60 pcm £ 60.00
Twenty three at £58 pcm = £1334.00 (Due to rise in 6 months
• Substantial investment property
• 28 garage set in 0.25 acres
• Development potential subject to necessary permissions
• Potential for improvements and increase of income
• Current income of £18,408 per annum
• Potential income of £21,900pa when full let with rent increase in 6 months time
By appointment with Auction House. Please call 0117 946 4949 to view and inspect a sample of the garages
For Sale by Auction
On Thursday 19th July 2018 at 7.00pm
At Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ
Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.