Garage Sold in Walsall, WS6
| Reference | 42627 |
| Address |
Colinwood Close, Walsall (Map Location) |
| Beds | 0 |
| Baths | 0 |
| Type | Garage |
| Tenure | Freehold |
FED UP WITH BTL? How about a FREEHOLD Lock up Garage Investment with 7.71% return. S21 =NO, S24 = NO, RRB = NO, EPC = NO, LICENSING = NO. FREEHOLD Garage Investment For Sale in South Staffordshire Village
Description
How about a FREEHOLD Lock up Garage Investment with 7.71% return.
S21 = NO
S24 = NO
RRB = NO
EPC = NO
Licensing = NO
FREEHOLD LOCK UP GARAGES INVESTMENT
-3 x Adjoining Garages (tenanted)
-Income £2700 pa
-7.71% Return
-High Demand
-Limited Supply
-Minimal Maintenance
Situated in a South Staffordshire village midway between Birmingham & Stafford and locally between Walsall & Cannock.
Transport links close to M6 junction 11 and M6 Toll T7 and adjacent to the railway station.
Garages are brick built construction with flat roof
Garages x 3 adjoining within a larger block in a courtyard
Garage A = £70 pcm (£840 pa)
Garage B = £90 pcm (£1080 pa)
Garage C = £65 pcm (£780 pa)
Total £2700 pa
Tenants pay rents direct into bank by monthly STO
All garages have been painted inside and have security post fitted.
Storage and parking are always in high demand so this is a lucrative and sought after opportunity
This is a relatively hands off Investment as majority of tenants remain in situ for a while.
NO VAT Chargeable on Purchase
Legal Costs
Potential purchasers will need to place an undertaking with their Solicitor in the sum of £1000 which will be used to cover the Vendors legal fees if the sale does not proceed to completion. If the sale does proceed to completion then this sum will be deducted from the sale price on completion.
Viewings
The garage site is open for external inspection. No internal viewings will be available as they are occupied.
Please note that all parties viewing the property do so at their own risk and neither the vendor nor agent accept any responsibility or liability as a result of such viewings