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Auction: 0117 946 4949
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Wathen Road, Bristol *Guide Price £380,000

  • Substantial investment property
  • Development potential subject to necessary permissions
  • Potential for improvements and increase of income
  • Income of £18,408 per annum

***For Sale by Auction on 19th July 2018*** ***Guide Price: £380,000*** Block of 28 garages, all with new doors, locks and defenders.


Wathen Road
Bristol BS6 5BY
County: City of Bristol
Sale Type: Sold STC
Ref #: MB000318

Freehold block of 28 garages set in 0.25 acre plot.

Description

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.

Situation

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.

Current Lettings

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 to £1495)

Key Points

• 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

Viewing

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.

Legal Pack

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.


Wathen Road
Bristol BS6 5BY
County: City of Bristol
Sale Type: Sold STC
Ref #: MB000318
Name Location Type Distance

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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