Property Auctions - block of garages

Auction date: Wed, 24/07/2024 - 11:00

Guide Price £270,000 - £290,000. This freehold site extends to 0.16 hectares (0.39 acres) and is occupied by 36 garages. There is a large forecourt which has potential to accommodate additional storage subject to all necessary consents being obtainable. Vehicular entrance to the site is controlled by a locked gate. The garages are all let under the terms of a Licence Agreement producing a good income. It is considered there may be scope and potential to increase the rents, by bringing them more in line with market rates, to further enhance the income. Currently let at £25,380 per annum. 

Auction date: Wed, 24/07/2024 - 11:00

Guide Price £75,000 - £80,000. A freehold block of 10 garages, of which seven of the garages are let under the terms of Licence Agreements at a current rental of £50 per garage, per month. It is considered that there is scope to increase these rents along with letting the three vacant garages to increase the rental return. Currently let at £4,200 per annum plus three vacant garages. Ideal investment opportunity. Freehold with part vacant possession.

Auction date: Tue, 09/07/2024 - 14:00

Guide Price £15,000 - £25,000. A freehold parcel of land consisting of 8 garages. The land is situated close local amenities and regular transport links. The garages require a degree of remedial work however, would make an ideal investment opportunity for the right purchaser. Currently 4 out of 8 garages are let and 4 are vacant.

Auction date: Wed, 28/02/2024 - 14:15

Situated in a desirable location, a freehold garage block comprising 3 vacant garages with a driveway and parking space at the front. An ideal investment opportunity, located within a densely populated residential area.

Auction date: Wed, 26/07/2023 - 11:00

A block of 20 garages situated within a short distance of various residential properties. The garages are all fully let on six-month licences at £18,240 per annum.