17 lock-up Garages Stockwood Court, Stockwood Crescent, Luton, Bedfordshire, LU1 3ST
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£135,000+
Commercial
Key Features
- A unique opportunity to acquire 17 freehold lock-up garages
- Located within the Stockwood Court development
- ERV when fully let at market rent of £26,520 pa
Part of the
19 June 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
A unique opportunity to acquire 17 freehold lock-up garages at Stockwood Court development. ERV when fully let at market rent of £26,520 pa
- 17 freehold lock-up garages
- Located within the Stockwood Court development
- Situated in a quiet and well established residential area
- 5 minute drive to J10 of the M1 & the A1081
- Set in the heart of Luton town centre
- Comprising 4 blocks of garages extending to circa 2,652 sq ft
- Block 1 comprises 6 garages (circa 936 sq ft)
- Block 2 comprises 6 garages (circa 936 sq ft)
- Block 3 comprises 3 garages (circa 468 sq ft)
- Block 4 comprises 2 garages (circa 312 sq ft)
- Approximate dimensions of each lock-up garage
- Width - 2.7 m
- Depth - 5.4 m
- Height - 2.4 m
- Size per garage of circa 156 sq ft
- Potential income of £130 pcm per garage
- ERV when let fully let at market rent of circa £26,520 pa
- Scope for future residential development (STP)
- Potential additional garage to be built (on Title Plan)
- An ideal asset management opportunity
- Potential for a high-yielding investment Note: Owned by a family member of Auction Estates
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold subject to the existing tenancy agreements. Limited information available on tenancies