15 Garages at Woodside, 55, Surrey Road, BOURNEMOUTH, Dorset, BH4 9HS

IMPORTANT ANNOUNCEMENT UPLOADED
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK.
IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.
Announcement
Please see the “ANNOUNCEMENT” on the Legal Docs.
There are revised special conditions of sale for this lot, copies of which are available from the Auctioneers website and a copy will be attached to the contract

A Portfolio of 15 Garages,
Development Potential (STPP),
Investment with Potential

Location:
These garages form part of a block of flats within Surrey Road, a popular residential area close to the Branksome area of Bournemouth. This coastal town offers a huge range of recreational pursuits especially associated with a seaside resort with the Pier and seafront beach area located within some 1.5 miles. The town offers a large range of shopping facilities and other amenities whilst benefitting from good transport links to include local bus routes and a mainline rail service.

Description/ Potential:
This lot comprises a selection of 15 lock up garage units forming part of the ground floor of this purposes built block of flats. Whilst already providing an excellent investment opportunity with all the garages let in an area of high demand, purchasers may wish to consider future development prospects of redeveloping the garages to create a number of self-contained flats. All buyers are deemed to rely solely on their own enquiries as to permissions required for development however, the lease will include permission by the freeholder for such conversion subject only to planning and other required permissions being first obtained.

Tenancy:
All the garages are let on license agreements at various rents between £400 per annum and £600 per annum.
Garages 4,5,8,11,12,18 and 26 are let at £400 per annum each.
Garage 1 is let at £450 per annum.
Garages 6,9,17 and 19 are let at £480 per annum each.
Garage 21 is let at £540 per annum.
Garages 7 and 10 are let at £600 per annum each.
A full tenancy and rent schedule is available from the auctioneers however, the total current rent from all 15 garages is £6,460 per annum.

All enquiries Ref: Callum Glenn

Total Rent Reserved
£6,460 per annum.

Note:
If all garages were let at the same rate as numbers 7 and 10 the total rent would equate to £9,000 per annum.

Tenure:
To be sold on a new lease for a term of 999 years at a peppercorn ground rent with the lease providing freeholders consent for development subject only to planning permission and building regulation requirements.





Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. 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.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.