For Sale by Online Auction 7th July 2021
10 Lock up garages
90% let producing £5,400 pa
Potential to increase income
High yield investment
This is an excellent investment opportunity to acquire 10 lock up garages which are currently 90% let producing £50pcm per garage = £5,400 per annum, but with a little maintenance the rental income could be increased to £55pcm per garage and an annual income of £6,600pa. Situated in a popular residential area with strong demand the garages produce a high yield. All garages are let on a month to month licence subject to three months notice.
Located on the corner of Euston Grove and Mather Road in a popular and well established residential location.
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.