**For sale by auction on Wednesday, 07 Feb 2024 at 12: 00**
**Venue: Online**
**10 x Fully Let Garages with Development Potential and Scope for Income
Betterment**
An opportunity to acquire 10 garages currently all let and set within a secure
gated lane. The garages appear to be of brick and block construction beneath a
pitched roof covering. The garages are fully let to established tenants, who
have been in occupation for varying lengths of time. The garages are of a
generous size with storage above into the roof voids.
We are advised that the property is currently generating £1261 per quarter,
therefore producing £5044 per annum. However, in our opinion, there is scope
for considerable betterment by increasing some of the rents to market rent.
(please refer to the legal pack for confirmation of occupancy and individual
income breakdown per garage). In our opinion, a single garage could fetch up
to £80 p/c/m in rent. (please note that the property may also offer scope for
development, subject to all usual consents).
The garages can be located at the no through road end of Llanbedr Road and sit
to the right hand side behind the gates. Fairwater is located in the western
side of the city and benefits from good transport links to the City Centre,
A48 and the M4.
**Viewings/Further Information**
External Only, access can be obtained to enter through the gated lane upon
request through the auctioneers office on , the garages are currently managed
by our partner agent Hern & Crabtree
**Additional Fees**
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 1. 2% inc VAT of the purchase price, subject to a
minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable
by the purchaser on completion.
**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.
**Additional Fees Information**
Please be aware there may be additional fees payable on top of the final sale
price. This includes and are not limited to administration charges and buyer's
premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any
relevant additional fees as well as reading the legal pack for any
disbursements.

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