Studio flat for sale

* PLEASE NOTE CHANGE OF DATE AND TIME!! * Deadline for bids: NOW Monday 15th April at 11am

FOR SALE BY INFORMAL TENDER - GUIDE PRICE: 'Offers in excess of £55,000'

All bids are to be submitted by the deadline on our bidding forms (see note below).

Situated in a favoured residential part of the town, this block of three single garages is perfect for those looking for additional secure parking or storage.

The garages and small area of additional amenity land amount to 0.026 acres in total. The additional land gives the ability to build a further single garage, if required, and planning permission has been granted to do exactly that, under application number 73795, in September of 2021. Therefore, there are approximately 6 months remaining before expiry of that consent.

The garages have all been tenanted in recent years at a rent of £20 per garage per week, which equates to £1,400 per garage per annum. At present, two of the three garages are vacant and ready for immediate use. The third garage is tenanted with vacant possession of that garage available, if preferred, or the tenant is happy to stay on and continue to rent the garage from the new owner.

Garages 1 and 2 measure approximately 17ft x 9ft and garage 3, slightly shorter at 16ft x 9ft. The garage block is block built with rendered elevations under a corrugated sheet metal roof. Each garage has a single up-and-over door. Immediately in front of the garages in further unrestricted road parking and there is drop-kerb access to each one over the public pavement.

There is some scope and potential for further development of the site, maybe for a small residential house, for example, subject to any necessary consent. However, the site is very small and constrained and initial enquiries made to the local planning office were not met favourably.

However, garages for parking and storage are always very sought after and in short supply so the availability of this block of three together, with potential for a fourth unit, represents a rare opportunity.

INFORMAL TENDER
The Garage Block and Adjacent Land is being offered for sale by informal tender at a guide price of 'offers in excess of £55,000'. The deadline for the submission of bids is Monday 15th April 2024 at 11am. All bids MUST BE submitted on our formal bidding forms that are available upon request from our office. Full terms as to how bids are handled will be provided with the form. Bids are to be sealed in an envelope or sent back via email and clearly marked so to ensure that the value of the bid remains unknown until the deadline. Any bids received after the deadline will not be considered. Our vendor does reserve the right to accept an offer prior to the deadline if they choose to. Equally, the vendor doesn't have to accept any offers if they do not meet expectations.
Applicants are advised to proceed from our offices in a westerly direction along the High Street. Pass through the traffic lights at Church Street and at the mini roundabout take the left hand exit onto St. Brannocks Road. Continue along St. Brannocks Road taking the second turning on the left into Bicclescombe Park Road. The block of garages is immediately on the right hand side and adjacent to a bungalow called Casa Nostra.