Garages 1 & 2 Duncan Close Weston Lane Woolston, Southampton | Property for sale | Savills
Guide price £22,000

Garages 1 & 2 Duncan Close Weston Lane WoolstonSouthampton

  • New
  • Sole agency
  • Freehold
Investment
Yield 14%Yield

Key features

  • Two Freehold Garages, each with approx. internal size of 8 x 16ft
  • 3 months notice (Quarter notice) to achieve vacant possession
  • Garage 6 is being offered as a separate lot (lot number 547)
  • Both Garages currently let on a Quarterly license agreement
  • A deposit is held on each tenancy (to be transferred to new owner)
  • Investment late at £3,120 p.a. (14.1% GIY on guide price)

Of interest to Investors and owner occupiers 2 x Freehold Garages Investment let 3,120 p.a.

About this property

  • 2 x Freehold Garages Investment let at £3,120 p.a. (14.1% GIY on guide price) Both garages are let at £30 each per a week

Local information

  • Duncan Close is located on the south side Weston Lane

Additional information

  • Accommodation
  • 2 x Freehold garages, each with approx. internal size of 8 x 16ft
  • Tenancy
  • 2 x Freehold Garages fully let
  • let on quarterly garage licence agreements at rentals as listed below. Rent deposits are held on each of the let garages and to be transferred to the new owner.
  • The licence on any garage may be terminated by either party by one quarter notice in writing.
  • Garage 1 - Let at £30 per a week - £1,560 p.a.
  • Garage 2 - Let at £30 per a week - £1,560 p.a.
  • Total = £3,120 p.a.