An opportunity to acquire 14 garages situated in a no through lane on a well established residential estate. The units are mostly let and are easily identifiable as they have benefited from the fitting of aluminium roller shutter doors.
12 of the garages are currently let with an income of £7,000 per annum but there is scope to increase the rents and when fully let would offer a potential income of £8,400 (which based on the guide price is a yield of 20%)
Advised Freehold - to be verified by solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
This auction lot is now closed.
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