Garages and Land for Auction Felixstowe IP11

A vacant freehold plot at the end of a residential cul de sac housing 19 x residential garages. All garages are currently vacant however it is considered that when fully let could generate an income of over £23,000 per annum which represents a yield of over 11.5% of the guide price. It is also considered that the land may offer future re-development potential subject to obtaining all necessary consents.