Leasehold Garage Producing £1,700 Per Annum

A single leasehold garage, within a block of garages to the rear of Rutland Court. Access to the garage is via Rutland Gardens. The Auctioneers have not been able to inspect the garage internally. Situation Rutland Court is located within a residential area, just north of New Church Road, with Hove Seafront just minutes away. Hove mainline railway station is less than a mile away (London Victoria 100 mins). Location Pin (What3Words): clever.member.loser https://w3w.co/clever.member.loser Measurements Minimum Width - 2.2 Maximum Width - 2.49 Minimum Height - 1.8 Length - 4.36 to shelving Shelving 74cm deep Interested parties must rely on their own measurements. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Current Rent We have been informed the garage is let on a licence agreement - from the 12th September 2011 at a rent of £425 per quarter. A copy of the licence agreement has been uploaded to the legal pack. Tenure Leasehold - 99 year term from 29th September 1980 - (approximately 55 years remaining). Ground Rent - £5 pa fixed

Lot Type

Garage

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.