33 lock-up garages Beasley Grove, Birmingham, West Midlands, B43 7HG
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
Prior
£130,000+
Investment
Key Features
- A unique opportunity to acquire 33 freehold lock-up garages
- Located within the Beasley Grove development
- ERV when let fully let at market rent of circa £27,200 pa
Part of the
17 April 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
A unique opportunity to acquire 33 freehold lock-up garages at Beasley Grove development. Part let with 26 out of 33 garages producing a rent of £9,139 pa (under-rented). ERV when let fully let at market rent of circa £27,200 pa
- 33 freehold lock-up garages
- Located within the Beasley Grove development
- Situated in a quiet and well established residential area
- 4 minute drive to J7 of the M6 & the A34
- Set 4.5 miles North of Birmingham City Centre
- Comprising 4 blocks of garages extending to circa 5,270 sq ft
- Block 1 comprises 4 garages (circa 620 sq ft)
- Block 2 comprises 4 garages (one sold off on LL) (circa 620 sq ft)
- Block 3 comprises 6 garages (circa 930 sq ft)
- Block 4 comprises 20 garages (circa 3,100 sq ft)
- Approximate dimensions of each lock-up garage
- Width - 2.62 m
- Depth - 5.5 m
- Height - 2.4 m
- Size per garage of circa 155 sq ft
- 26 out of the 33 let and producing £9,139 pa (under-rented)
- Potential income of £70 pcm per garage
- ERV when let fully let at market rent of circa £27,200 pa
- An ideal asset management opportunity
- Potential for a high-yielding investment
Contact Auction Estates on 0115 7844 600
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
Email: nathan.edwards@gentlemathias.com
Telephone: 0207 631 1811