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Garage for sale
Garages Colony, South of Rylands Street, Wigan, Greater Manchester WN6 7BG
£20,000
Garages Colony, South of Rylands Street, Wigan, Greater Manchester WN6 7BG
£20,000
Our Summary
- Online Auction - 13th to 14th May 2025
- IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid
- If you are the successful bidder, you are required to pay the deposit and auction fees immediately
- You must not bid unless you wish to be bound by the common conditions of auction
- Potential To Increase to £7,000 pa
Description
This online auction features a garage colony in Wigan, consisting of 14 lock-up garages accessed from the side of a property on Rylands Street. Currently, 8 of the garages are occupied under verbal agreements, generating a rental income of £2,476 per annum. With potential refurbishment and full letting, the garages could produce approximately £7,000 per annum. The property is held on a long leasehold with 999 years remaining, and finance options are available through TogetherMoney.com. As with any auction, bidders must be aware that a successful bid is a contractual commitment, and failure to meet obligations may result in legal action.