Property for sale in Hawkswood Road, Hailsham BN27
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Property features
- 6 x Freehold Garages
- Investment let at £5,980 p.a. (Part Vacant)
- 5 Garages currently let (1 vacant)
- Asset management potential to increase the rent
- Potential erv of £9,360 p.a. If all garages let at £30 per week (Garage 5 & 6 currently let at this level)
- All garages have had new roofs and doors installed within the last 18 months
- Located in a predominantly residential area
Property description
Strapline
Auction Sale - 24/09/2024
Of interest to Investors and Owner Occupiers
6 Freehold Garages and Land
Investment let at £5,980 p.a. (Part Vacant)
Description
6 x Freehold Garages part let.
All garages have had new roofs and doors installed in the last 18 months
Total at present producing £5,980 pa (with one garage vacant and two garages that could be increased to the modern rent of £30 pw) If all garages were increased to £30pw a rental income of around £9,360 pa would be produced.
Location
The property is located on the West side of Hawkswood Road and can be accessed via a laneway beside Hawkswood Court.
Tenancy
6 Garages
- Garage 1 - Let at £15 per a week - £780 p.a.
- Garage 2 - Vacant
- Garage 3 - Let at £25 per a week - £1,300 p.a.
- Garage 4 - Let at £15 per a week - £780 p.a.
- Garage 5 - Let at £30 per a week - £1,560 p.a.
- Garage 6 - Let at £30 per a week - £1,560 p.a.
All garages are let on quarterly licence agreements and paid till 29th September 2024.
A deposit of £250 per a let garage is held.
Accommodation
6 x Garages and associated access road and land.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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