Garage sells for three times its guide price

The Wokingham Paper

Garage sells for three times its guide price

A garage in Woodley sold for more than three times its guide price at auction last week. The vacant, single lock-up garage in Ravensbourne Drive, which was auctioned by Essex based Auction House London, achieved a hammer price of £17,000, plus fees. The leasehold property was listed as being held on a 999-year lease from June 24, 1994, meaning there is 970 years unexpired at a peppercorn ground rent. The listing described the property as “.. sit…