Buyer tuned in for MOT garage

A motor sales and MOT garage with a flat on a large site with development potential in Plymouth has sold for £306,000.

The Hilltop Garage in Austin Crescent was among the West Country lots listed for sale by the regional land and property auctioneers Clive Emson in June.

Graham Barton, senior auctioneer, said: “There was keen interest as this property easily hit its guide price.

“As a substantial site, the new owner has the opportunity to breathe life into a well-known business or follow a residential redevelopment scheme subject to the necessary consents.”

Set in 0.33 acres (0.13 hectares), the garage includes four MOT bays, a reception, offices WCs, off-road parking and a 30m frontage to Austin Crescent.

The flat has two bedrooms, parking, a garage and its own dedicated garden area.

A large and versatile three-storey link-detached mixed commercial and residential investment property in Plymouth easily hit its guide when it fetched £399,000.

The complex at 11 St Erth Road, at Manadon, is currently let at a total £48,600 per annum thus the combined initial investment yield was just over 12%.

Arranged as a fully-let nine-bedroom HMO, the property has an established family-run exotic bird business on the ground floor let on a 15-year lease from February 2014.

The property was jointly offered with City Sales of Plymouth.

Clive Emson Auctioneers holds eight rounds of auctions at five locations from Essex to Cornwall on consecutive days every six weeks, this time with a total of 145 lots.

Starting at 11am, the fifth of Clive Emson’s eight regional West Country auctions in 2016 takes place at the St Mellion International Resort, St Mellion, Cornwall, on Thursday July 28. Entries close on Monday June 27.