Land and Garages off Eastbrook Avenue, Manchester
- PROPERTY TYPE
Garages
- BEDROOMS
15
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- TO BE SOLD UNDER AUCTION TERMS
- INVESTMENT OPPORTUNITY - 15X GARAGES
- LUCRATIVE INVESTMENT IN GREAT LOCATION
- REPORTED INCOME OF APPROX £7,068 P.A.
- POTENTIAL TO INCREASE FUTURE RETURNS
Description
TO BE SOLD BY ONLINE AUCTION ON 21 ST – 22 ND OCT UNLESS SOLD PRIOR UNDER AUCTION TERMS.
Land and Garages lying to the South East of Eastbrook Avenue, Radcliffe,
An excellent opportunity to acquire a hands-off investment comprising 15 individual garages, situated within an established residential area.
The garages are reported to currently generate a combined rental income of approximately £589 per month / £7,068 per annum, providing an immediate income stream with relatively little day-to-day management compared with more traditional residential investments.
There are currently no formal tenancy agreements in place; however, the vendor has provided statements evidencing rental payments received. Buyers should satisfy themselves as to the current occupational arrangements and income.
With 15 individual units already generating income, this represents an attractive opportunity for investors looking for a straightforward, low-maintenance addition to an existing portfolio, whilst also offering potential to review the individual rents and increase the overall return over time.
The site may also offer longer-term potential for alternative uses or development, subject to the necessary planning permissions and consents.
A great opportunity to acquire an established, income-producing garage investment offering 15 units, immediate reported income and minimal ongoing management.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference EM-169629. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Edward Mellor Ltd, Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.