The freeholds for the 89 garages across Eastbourne were bought by property developers.
One of the lots in Wadhurst Close fetched £231,000 in total.
Auctioneers said property investors were very keen to bid on the garages, which can be developed.
Senior auction appraiser and auctioneer, Richard Payne, said: “This was the largest number of garages that we can recall being offered in one of our auctions, with 89 garages acquired for just over £1m.
“There was much interest from property investors.”
The auction company listed 149 lots across southern England and South Wales.
Eastbourne Borough Council is trying to recoup some of the £4.9 million it is expecting to spend on temporary accommodation this year.
The council revealed that around a third of its annual budget will be spent on temporary accommodation, which it said is “unsustainable”.
Twenty-two lock-up garages in a compound at Hawkhurst Close went for £230,000.
Six lock-up garages at the rear of Durham Court, Rockhurst Drive, went for £85,000, which was £10,000 above the lower end of the guide price.
Twelve lock-up garages in two adjoining blocks in Maxfield Close were acquired for £160,000.
Sixteen lock-up garages in a compound just off Ashington Road fetched £165,000.
Source link
[Featured]
[Just In]