Garages, Broad Street, Foleshill... Garage for sale

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Garages, Broad Street, Foleshill... Garage for sale

Garages, Broad Street, Foleshill, Coventry, West Midlands CV6 5AX
£50,000

Our Summary

  • **IN THE ROOM AND LIVESTREAM** To be sold via Public Auction on Thursday 15th May 2025 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding
  • IN ROOM AND LIVESTREAM AUCTION
  • In room and livestream auction
  • Tenanted investment opportunity

Description

A block of 10 tenanted garages is up for auction with a guide price of £50,000 to £70,000. The garages generate an annual income of £7,020, which is approximately 12% of the guide price. The properties are located via a shared access adjacent to Broad Street Local and are accessed through a secured gate. The tenancies are all rolling, with rents ranging from £50 to £70 per month. The freehold property is being sold subject to the existing tenancies, and the buyer will be responsible for an administration fee and buyer's premium. The property does not have any services connected, and the buyer will need to consider any additional costs, such as disbursements, as outlined in the legal pack.