Property description

A rare opportunity to purchase a block of six single garages, an additional secure open store and access currently all let out and returning £508 per calendar month. The garages are situated set back behind properties on the Leigh Sinton Road, accessed via a secure locked gate and long driveway. Each garage is let on a month by month basis and is returning approximately 10% gross per annum across the site. The current owners use a managing agent to look after site, and this along with all existing agreements can be passed on to the purchaser. Available for sale immediately, early viewing is essential for the this rare investment opportunity.

Freehold Invesment Opportunity

For sale we have a freehold site containing six single garages (en-bloc) and an additional secure storage area. Located just off the Leigh Sinton Road, with good access to Malvern and surrounding area. All six individual garages and the additional secure storage area are let out on a month by month basis, producing £508 per month, £6096 per annum. This represents a gross return on investment at the asking price in the region of 10% The existing agreements would be transferred to the new owner on completion. The current owner uses an agent to maintain the site and this arrangement could again be passed on to the new purchaser.

Approach

The garages are accessed via a long tarmac driveway situated between numbers 58 and 60 leigh Sinton Road. There us a secure metal gate situated along the drive, which opens to continue down to a wide parking area situated in front of the garages.

Garages (4.88m x 2.44m approximately (16' x 8' approximatel)

All garageS are generally in good order, with each having a lockable up and over door, and corrugated metal roofing.

Secure Storage Area

Situated at the end of the garages and with potential to add a further garage is an area with a secure timber boundary. The space here could be used to provide a further garage stpp.

Nb

Four adjoining properties have a right of access across the garaging land, both pedestrian and vehicular to access the rear of their gardens which borders this property.

Directions

From the Allan Morris office on the Worcester Road travel in the direction of Worcester. At the traffic lights turn left and then bear right towards Leigh Sinton along the Newtown Road, this then becomes Leigh Sinton Road. Just before the road bends and the traffic light, turn right into the leigh Sinton slip road and the access for the garages can be found between numbers 58 and 60 leigh Sinton Road. For more details or to book a viewing, please call our Malvern office on .