29 September 2026: Tuesday 29 September 2026 - 9:00am
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    Key features

    • Freehold ground rent and garage invest (19 flats & 18 garages)
    • 14 of the garages have been sold off on long lease - 4 garages in direct ownership
    • 4 garages on quarterly licence agreements
    • Potential to sell off the 4 garages on a long leasehold interest
    • Possible future development potential
    • Possible demolition of some of the garages & re-development (subject to requisite consents & buying back in the leasehold interest of the garages)
    • Car parking income potential on the roadways
    • Investment let at £7,280 p.a. (24.26% GIY on guide)

    Description

    A freehold ground rent and garage investment comprising of 19 flats sold off on long lease and 14 of the 18 garages sold off on long lease. 4 of the garages remain in direct ownership and are directly let out on Licence agreements.

    Please note that 1 of the Garages has been sold off on a leasehold interest and has an approx. 35 years remaining.

    The property offers the opportunity to sell the garages or look to retain for investment purposes.

    There is also development potential via demolition of the exiting garages for further development (subject to the requisite consents and buying back in the leasehold interest of the garages).

    There is also Car parking income potential on the roadways.

    Additional information

    Tenure

    Freehold

    Flat 1,3,4,6,7,8,9,11,12,13,14,16,17 on 189 year lease from 1962

    Flat 2, let on a 999 year lease from 2024

    Flat 5,7,10,15,19 let on a 999 year lease from 1962

    Flat 18 let on a lease 999 years from 2017

    The above flats are let on a peppercorn ground rent


    14 of the garages have been sold off on a leasehold interest on a peppercorn rent (Please note that one of the garages has an approx. 35 years remaining)

    Garage 2,3,7 and 13 are in the freeholders ownership

    Accommodation

    Comprising of 19 flats and 18 garages and associated parking and gardens

    Tenancy

    Garage 2

    • Let to a private individual
    • Let on a quarterly licences from 29th September 2025
    • Investment let at £1,820 p.a.
    • £200 deposit held

    Garage 3

    • Let to a private individual
    • Let on a quarterly licence from 22nd September 2024
    • Investment let at £1,820 p.a.
    • £250 deposit held

    Garage 7

    • Let to a private individual
    • Let on a quarterly licence from 21st April 2023
    • Investment let at £1,820 p.a.
    • £250 deposit held

    Garage 13

    • Let to a private individual
    • Let on a quarterly licence from 29th September 2025
    • Investment let at £1,820 p.a.
    • £250 deposit held


    Total rent = £7,280 p.a.

    Rent

    £7,280 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      EPC rating

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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