Freehold Garage Investment For Sale

Sutherland Close, Rustington, BN16 2PX

Quick Summary

£125,000 Price Description: Offers in Excess of Income: £7260 Units: 9 Type: Commercial, Garages, Investment Status: Under Offer


Property Description

An opportunity to acquire the freehold interest of 9 lock-up garages occupying a convenient location in Rustington, West Sussex. The garages front directly onto the roadside offering excellent access. We are advised that all nine garages are currently let on informal licences producing a gross income of £7,260 per annum.



The garages occupy a convenient location in Rustington, a popular and affluent village situated between the coastal towns of Worthing and Littlehampton. Sutherland Close is a residential area situated close to the main village centre and the garages are situated on the east side of the road at the junction with Holmes Lane.



Garage 1           Let at £70 pcm

Garage 2           Let at £65 pcm

Garage 3           Let at £65 pcm

Garage 4           Let at £65 pcm

Garage 5           Let at £70 pcm

Garage 6           Let at £65 pcm

Garage 7           Let at £75 pcm

Garage 8           Let at £65 pcm

Garage 9           Let at £65 pcm


Gross Annual Income £7,260



Offers in Excess of £125,000 are invited for the Freehold interest, subject to the various tenancy agreements.



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



The Freehold Title No is SX50302.

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