Sold for £275,000

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A town centre freehold car park, equivalent to 0.17 acres and let producing £21,850 pa. Development potential subject to planning.

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Description/Location

The 36 bay car park is currently let to a housing association for 5 years (long standing tenant) from 15/05/2019 at a rent of £19,450 pa (32 bays). A further 4 bays are let to an individual at £200 pcm.

Tenure

Freehold

Local Authority

Aylesbury Vale District Council 01296 585858

Viewing

Please contact Elliott Network Auctions on 01923 240420

Rent

£21,850 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.