Investment opportunity / currently generating £2160 per annum / An opportunity to acquire garages which are located just-off Padiham Road and currently tenanted at £30 pcm. A modest-sized, long-term investment with six garages in total servicing residents in the neighbouring Ightenhill residents.
Located in the popular Ightenhill area of town, positioned just-off Padiham Road and Rendel Street within a security gated area, these six brick-built garages service the surrounding residents, currently tenanted out at £30 pcm per unit. Whilst a modest investment, longer term and subject to a review of existing rents this asset provides a decent return in the region of 10%, with plenty of demand for similar garages / lock-ups in this area.
Disclaimer:In accordance with theProperty Misdescriptions Act 1991the following particulars have been prepared in good faith and are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent [where applicable] are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
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