27 Freehold Garages Sold Off on Long Leases Producing a Combined Income of £67.50 Per Annum
Freehold of 27 Garages at Shakespeare Drive, Torquay, Devon, TQ2 6BY
A freehold block of 27 garages sold off on long leases, producing a combined ground rent of £67.50 per annum. Located on a residential cul-de-sac near local amenities and transport links. A planning application for two additional garages is pending.
Full description
The property comprises 27 freehold garages which have been sold off on long leases. The garages are situated on a residential cul-de-sac close to local shops and amenities. The open spaces of Victoria Park are within easy reach. Transport links are provided by Torre rail station. All 27 garages are sold off on 199 year leases at a combined ground rent of £67.50. A planning application has been submitted to erect a further two garages; a decision is pending. Buyers should rely on their own enquiries.
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
