An opportunity to acquire the Freehold interest of eight lock-up garages occupying a convenient location in Rustington, West Sussex.
The garages form part of a compound of 29 garages on the east side of Old Manor Road, a residential street close to Rustington village center. The garages are situated on a backland site and access is via a service road which runs between no’s 79-81 Old Manor Road.
All eight garages are currently let on informal licences and producing a gross income of £6,300 per annum.
Garage 10 Let at £65 pcm
Garage 11 Let at £65 pcm
Garage 12 Let at £65 pcm
Garage 38 Let at £65 pcm
Garage 39 Let at £65 pcm
Garage 40 Let at £65 pcm
Garage 41 Let at £70 pcm
Garage 42 Let at £65 pcm
Gross annual income £6,300
Offers in Excess of £110,000 are invited for the Freehold interest, subject to the various tenancies.
The garages can be viewed externally at any time. Internal appointments will be subject to prior appointment.
The Freehold Title No is SX124208.