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Guide price £145,000
Garages 1-15 Manor WayAshford
- New
- Sole agency
- Freehold
Key features
- 15 x Freehold Garages
- Asset management potential to increase the rent
- All garages have new Horman Garage doors and new steel insulated roofs
- Investment let at £13,156 p.a. (Part Vacant)
- 10 Garages currently let (5 vacant)
- Located within a gated site
- Located in a predominantly residential area
Of interest to Investors and Owner Occupiers 15 Freehold Garages and Land Investment let at £13,156 p.a. (Part Vacant)
About this property
15 x Freehold Garages part let. All garages have new Horman Garage doors and new steel insulated roofs Total at present producing £13,156 pa (with five garages vacant) If all garages were let at £26.50 per a week it would have the potential to produce £20,670 p.a.(Garage 4 & 12 currently let at this level)
Local information
- The property is located on the south side of Manor way.
Additional information
- Accommodation
- 15 x Garages and associated access road and land
- Tenancy
- 15 x Freehold Garages Part let
- Part let. 10 let on quarterly garage licence agreements at rentals as listed below. Rent deposits of £250 is held on each of the let garages
- The licence on any garage may be terminated by either party by one quarter notice in writing.
- Garage 1 - Let at £25 per a week - £1,300 p.a.
- Garage 2 - Vacant
- Garage 3 - Let at £25 per a week - £1,300 p.a.
- Garage 4 - Let at £26.50 per a week - £1,378 p.a.
- Garage 5 - Vacant
- Garage 6 - Let at £25 per a week - £1,300 p.a.
- Garage 7 - Vacant
- Garage 8 - Vacant
- Garage 9 - Let at £25 per a week - £1,300 p.a.
- Garage 10 - Let at £25 per a week - £1,300 p.a.
- Garage 11 - Let at £25 per a week - £1,300 p.a.
- Garage 12 - Let at £26.50 per a week - £1,378 p.a.
- Garage 13 - Vacant
- Garage 14 - Let at £25 per a week - £1,300 p.a.
- Garage 15 - Let at £25 per a week - £1,300 p.a.
- Total = £13,156 p.a.