A portfolio of long leasehold parking spaces (numbered 4, 5,7, & 8) to the rear of a modern apartment block, vacant.

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Description/Location

The bays are situated to the rear of a purpose built block of 21 apartments with numerous residential and commercial properties nearby. Suitable for a cars and vans, we estimate the rental value of each bay is £75 - £100 pm. Each bay is held in a separate title so the bays can be sold off individually or retained for rental income.

Tenure

Leasehold: 250 years from 2019. Peppercorn ground rent, we refer bidders to the legal pack for lease terms.

Office Contact

Please contact Network Auctions on 020 7871 0420

Rent

ERV: £3600 - £4800 pa

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.