Car Parking Space at Hill Quays, Deansgate.
Guide Price: £35,000.
Size – 12 sq m

Key Features:

• Ideal passive investment opportunity.
• High yielding, city centre investment.
• Alternatively well-suited for owner-occupation.
• Simple & easy acquisition process.
• The building benefits from an EWS1 form after a recent £7,000,000 programme of remedial works.
• Underground, secure car parking space.
• 24 hours access via a key fob.

Description:

The car parking space is located beneath the Hill Quays Apartment complex, situated in Deansgate.

The car parking space itself is located on the lower-ground floor, benefiting from a high ceiling height and no pillar obstruction, the space suitable for large vehicles, such as Range Rovers and other SUVs.

The space is currently let at £200 per month (£2,400 per annum). There are other spaces within the complex currently let at a higher rental figure.

There is a fantastic target market for rent, with a number of residential apartments blocks being constructed within the local area, while there is also an abundance of commercial offices within the area which do not benefit from sufficient car parking. As stated within the key features, the spaces are also ideal for someone who lives within the area and wishes to own a space park their vehicle (owner-occupation).

Tenure: Leasehold - The terms is 150 years from 23rd August 2002.

The car parking spaces are liable for:
• Service Charge: £90 per annum.
• Ground Rent: £100 per annum.