Freehold Garage Investment For Sale

Old Manor Road, Rustington, BN16 3QS

Quick Summary

£110,000 Price Description: Offers in Excess of Income: £6300 Units: 8 Type: Commercial, Garages, Investment Status: Under Offer

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Property Description

An opportunity to acquire the Freehold interest of eight lock-up garages occupying a convenient location in Rustington, West Sussex.

The garages form part of a compound of 29 garages on the east side of Old Manor Road, a residential street close to Rustington village center. The garages are situated on a backland site and access is via a service road which runs between no’s 79-81 Old Manor Road.

All eight garages are currently let on informal licences and producing a gross income of £6,300 per annum.

 

TENANTS/INCOME:

Garage 10         Let at £65 pcm

Garage 11         Let at £65 pcm

Garage 12         Let at £65 pcm

Garage 38         Let at £65 pcm

Garage 39         Let at £65 pcm

Garage 40         Let at £65 pcm

Garage 41         Let at £70 pcm

Garage 42         Let at £65 pcm

 

Gross annual income £6,300

 

GUIDE PRICE:

Offers in Excess of £110,000 are invited for the Freehold interest, subject to the various tenancies.

 

VIEWING:

The garages can be viewed externally at any time. Internal appointments will be subject to prior appointment.

 

TITLE:

The Freehold Title No is SX124208.

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