July 11, 2015 10 AM Eastern
Sheriff`s Auction 679 Londonderry Rd. Harrogate, TN
Live / Online
Sold at Auction $797,500.00
Circuit Court Ordered
Saturday, July 11, 10:00 a.m.
150 Unit Self Storage Complex
679 Londonderry Rd., Harrogate, TN 37752
Known as Convenient Self Storage, this property is located less than 1/8 mile off Hwy. 63 and within 2 miles of LMU. Along with its location, several nearby apartment units help this property maintain a very strong occupancy rate. Current gross income totals approx. $90,000/year, and there is a huge potential for more growth. Complex has approx. 4 2/3 acres of land, all on grade, with plenty of room for additional storage units or apartments. In addition to the self-storage units, there is a 30 x 50 commercial building w/12 x 14 garage door currently rented for $500/month. Complex has an on-site rental office with living quarters, kitchenette, and two half baths. RV and open trailer storage is also available, with a chain link fence surrounding almost 2 acres of the property. This is a great opportunity to purchase a low maintenance property with a strong income stream and a great potential for further growth.
2014 Property Taxes: $5,430. Tax Map: 029, Parcels: 080.00, 081.00, & 082.00
Directions: Harrogate, turn on Hwy 63 at intersection with 25E. Travel 1.4 miles and turn left on Londonderry Road. Go 1/8 mile and property is on right at intersection with Old 63.
Terms: 10% down day of auction, balance due upon closing within 30 days. 10% Buyer’s Premium. Sold subject to Circuit Court confirmation. Personal property stored on the premises by storage tenants is not included in the auction. Announcements day of auction take precedence over all previous advertising.
Sale conducted for David Ray, Claiborne County Sheriff