Parking for sale

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Parking for sale

Garages and Land Beaumont Close Torquay
£12,000

Price History

Initial price £15,000
02/08/24 £12,000
Price Change -20.00%

Description

This property consists of 20 freehold garages that have been sold off on long leases, producing a combined annual income of £50. The garages are situated on a residential cul-de-sac near local shops and amenities, with Victoria Park and Torre rail station nearby. The leases, which run for 199 years from 1964, require a ground rent of £2.50 per garage. There is potential to build additional garage or storage space, subject to planning permission. However, there are no internal viewings available, and interested parties will need to rely on the legal pack for further details.