Key features
Freehold garage investment comprising 10 garages
Fully let producing £6,010 per annum
Potential to increase rental income to £8,000+ per annum
Recently refurbished with new metal-clad roofs and up-and-over doors
Popular residential location in Ringley, close to Radcliff
Description
The property comprises an established garage colony of 10 garages, understood to comprise 9 single garages and 1 double garage, situated on an overall site extending to approximately 0.15 acres (0.06 hectares).
The garages have recently benefited from refurbishment works, including the removal of the previous asbestos roof coverings and installation of new metal-clad roofs and up-and-over garage doors.
Each garage benefits from parking for a single vehicle directly in front, providing additional useful parking and improved access to each unit.
The garages do not currently benefit from mains electricity or water supplies.
A proportion of the overall site area comprises rear access/alleyways serving the adjoining residential properties.