Garage Block for Auction Hove BN3

Guide Price £500,000. The garage block is on two floors with a driveway access leading to a ramp up to the first floor and a driveway to the West side of the block serving the ground floor. On the ground floor 4 of the garage spaces are sold off on long leases (150 years from 29 September 2008 ) producing a ground rent income (£200 per annum total ( rising). The sold off car spaces have a service charge liability of 3.23% per space save for space 8 which is 4.55%. The remainder of the building is offered with vacant possession and comprises several store rooms with 16 car spaces on the upper level and 7 car spaces on the lower level.