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Garage for sale
Surrey Road, BOURNEMOUTH
£60,000
Surrey Road, BOURNEMOUTH
£60,000
Our Summary
- SUMMARYAUCTION SALE 03 February 2025 - A Portfolio of 15 Garages, Development Potential (STPP), Investment with PotentialDESCRIPTIONA Portfolio of 15 Garages, Development Potential (STPP), Investment with PotentialLocation:These garages form part of a block of flats within Surrey Road, a popular residential area close to the Branksome area of Bournemouth
- Whilst already providing an excellent investment opportunity with all the garages let in an area of high demand, purchasers may wish to consider future development prospects of redeveloping the garages to create a number of self-contained flats
- All buyers are deemed to rely solely on their own enquiries as to permissions required for development however, the lease will include permission by the freeholder for such conversion subject only to planning and other required permissions being first obtained
- Tenure:To be sold on a new lease for a term of 999 years at a peppercorn ground rent with the lease providing freeholders consent for development subject only to planning permission and building regulation requirements
Description
A portfolio of 15 garages in a popular residential area of Bournemouth is being sold at auction on February 3, 2025. The garages, which are currently let to various tenants, offer a strong investment opportunity with a total current rent of £6,460 per annum. The property has development potential, with the lease allowing for the conversion of the garages into self-contained flats, subject to planning and other required permissions. The garages are located within a block of flats on Surrey Road, close to the Branksome area of Bournemouth, and offer easy access to local amenities and transport links. The property is being sold on a new lease for a term of 999 years at a peppercorn ground rent, with the freeholder's consent for development included. The guide price for the property is not disclosed, but interested buyers are advised to bid in full knowledge of the contract documentation fee and any additional fees payable upon completion.