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

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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.

 

LOCATION:

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.

 

TENANTS/INCOME:

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

 

GUIDE PRICE:

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

 

VIEWING:

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

 

TITLE:

The Freehold Title No is SX50302.

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