- Freehold block of 6 garages
- Central town location close to the high street
- All garages currently tenanted with total income of £4,320 per annum
- Ideal for parking and storage
- Potential residential development subject to any necessary consent
- Rare opportunity
This property listing is now SSTC
Land for sale in Devon
Freehold block of 6 garages
Central town location close to the high street
All garages currently tenanted with total income of £4,320 per annum
Ideal for parking and storage
Potential residential development subject to any necessary consent
Rare opportunity
A rare opportunity to purchase a block of 6 single garages situated in a central and convenient location in the centre of the town, literally a stone's throw from the high street, and at the end of a no-through road. The site occupies an area of approximately 141.93m2 (0.035 acres) and is situated at the very end of Greenclose Road. In front of the garages is a hardstanding which provides further off-road parking spaces.
At present, all 6 of the garages are let to different tenants with monthly rents of between £50 - £70. In total, £360 per month is collected thus equating to £4,320 per annum. All garages are let on a basic tenancy agreement, details of which are available upon request. The garages are to be sold with the tenants insitu.
The garages are located in a predominantly residential area of the town where parking can be difficult. The garages also back onto the High Street so owning the block would be a particularly valuable asset for any of the immediate neighbours. Clearly, the garages are suitable for parking and storage.
There is some potential for residential development of the site if desired. A previous owner previously submitted a pre-application enquiry to the Local Authority and a copy of their response is also available upon request.
Applicants are advised to proceed from our offices on foot in a westerly direction taking the pedestrian lane into Greenclose Road immediately to the left of The Lantern Community Centre. Proceed down Greenclose Road for 20 metres where the garage block will be found on the left hand side.
BY CAR: Proceed from our offices in an easterly direction taking the first left in to Northfield Road. Continue to the bottom of Northfield Road and at the traffic lights turn left on to Wilder Road. Continue along Wilder Road taking the second left hand turn in to Greenclose Road immediately opposite Lidl Supermarket. Continue to the top of the road where the garages will be found on the right hand side.
Important Information
- This is a Freehold property.
Property Ref: 55837_ILF250380
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