Residential and garage investment portfolio

A freehold investment secured on three blocks of maisonettes sold off on long leases and twelve single garage investments, generating a current gross income of £11,082.96 per annum. The property comprises three freehold purpose-built blocks containing four leasehold self-contained maisonettes, alongside twelve self-contained single garages. Situated on Southgate, just off Sutton Way in the Sutton Hill district of Telford, south of the town centre, the property benefits from easy access to the wider Midlands road network via the M54 within a short drive. The maisonettes are sold off separately on long leases: number 76 is subject to a 125-year lease from 1 April 1990 with 89 years unexpired, producing £10 per annum ground rent and £543.24 service charge; number 77 is subject to a 99-year lease from 13 March 2014 with 87 years unexpired, producing £10 per annum ground rent and £543.24 service charge; number 78 is subject to a 99-year lease from 10 May 2011 with 84 years unexpired, producing £10 per annum ground rent and £543.24 service charge; and number 79 is subject to a lease from 27 September 2012 to 26 September 2201 with 189 years unexpired, producing a peppercorn ground rent and £543.24 service charge. Garages 52 through 63 are subject to monthly tenancies providing a rental income of circa £8,040 per annum, with Garage 61 let on a monthly tenancy at £70 per calendar month. Viewings are external only with no internal access arranged.