- Huge Potential for Re-Development into Residential (Subject to Necessary Consents)
- Garage Compound Comprising Six Garages, Six vacant Lock-Ups and a Large Central Concrete Hard Standing Area – Six Garages Currently Let Producing £6,540 Per Annum
- Highly Sought After City Centre Location
LOCATION Situated within sought after Hanover, a popular residential district of Brighton conveniently located within easy reach of local shops, schools and Queens Park. Brighton city centre, the seafront and mainline railway station are all within easy reach. DESCRIPTION Located to the rear of Toronto Terrace the property comprises of six garages, six lock-ups and a concrete hard standing area accessed via a private road situated between numbers 62 and 64 Toronto Terrace. The six garages are currently let producing £6540 per annum with the six lock-ups being offered with vacant possession therefore providing an ideal investment / re-development opportunity (subject to necessary consents). Auctioneers Note: During October 2014 positive pre-application advice was provided by Brighton & Hove City Council (Chris Swain 01273 292178) in relation to a single story dwelling being constructed on this site. Please see legal pack for full report ACCOMMODATION The property currently comprises of six garages, six lock-ups and a concrete hardstanding area. TENANCY SCHEDULE: Garage 1: £90 per month Garage 2: £95 per month Garage 3: £80 per month Garage 4: £95 per month Garage 5: £95 per month Garage 6: £90 per month Total: £545 per month (£6,540 per annum) TENURE Freehold subject to existing tenancies
So Legal, 55 South Street, Eastbourne, BN21 4UT Tel: 01323 407555 Contact: James Halpin
Guide Price & Reserves
Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.