Description

Detached single block of 20 lock up garages. Two-storey building with garages 1 – 10 accessed via lower tier level and garages 11 – 20 accessed via upper tier level. No curtilage.

Construction

Part rendered brick elevations with timber fascia board. Metal up and over doors to each garage. UPVC guttering and downpipe.

Tenure Freehold.

Garages 1-6, 10 and 18

Sold off on 999 Year leases as from 1st May 1991.

Ground rent/service charge: None.

Garages 7-9, 11-17, 19 and 20

Individually let and achieving rents of £80-£90 per garage per month. Full details of leases will be contained within the auction legal pack.

Completion

Completion has been set for 12th June 2024 or earlier by arrangement.

Solicitors

TBC

Registering to bid and Administration fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1,350 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Local Council: Somerset Council. Telephone:0300 123 2224.

Drainage Rates: Not applicable.

Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

VAT: The purchase price is not subject to VAT.

Viewing: External viewing only. At any reasonable time on foot with a set of the sale details.

Closest Postcode: TA6 6TN

What3words – ready.rope.packet