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Garage

Auction
Garage
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Three side-by-side garages in a highly sought after, residential area
  • Potential rental income of up to £7,000 per annum. Yield of 28% at guide price
  • Savings on their individual listing prices!
FOR SALE BY ONLINE AUCTION THURSDAY 29TH JUNE 2023 AT 9.00AM. Rare opportunity to purchase 3 side-by-side lock ups/storage garages in Glasgow's popular Cardonald area. An amazing investment opportunity in a sought after, residential area with a potential rental income of up to £7,000 per annum. Outstanding yield of 28% at guide price.

Online Property Auctions Scotland are delighted to offer three consecutive well-sized lock ups/storage garages in the sought after area of Cardonald, at a reduced price of £25,000 for all three. The premises, located behind a popular local shopping parade, are 4.8m x 2.6m, 4.8m x 2m, and 4.8m x 2.4m in size respectively, and would make excellent storage facilities or vehicle garages. The lock ups could also be refurbished to cater for a variety of uses.

The garages are located behind a parade of local shops within the residential district of Cardonald, Glasgow. The garages offer a rare and a high yielding opportunity. Possible rental income of up to £7,000 per annum, providing an excellent yield of 28% at guide price.

Located in Glasgow's southside, Cardonald is a highly sought area and densely populated district, with a mix of housing and retail shops but with a shortage of available secure parking and storage facilities. The area boasts a huge range of amenities including schools, shops, cafes and restaurants. The area further benefits for having excellent transport links, including Cardonald train station, which provides a quick link to Glasgow city centre.

Highly sought after, residential area
Savings on individual prices!
Potential use as car garage
Outstanding investment opportunity
Potential rental income of up to £7,000 per annum. Yield of 28% at guide price
Rarely brought to auction
Huge variety of amenities nearby

This is a unique opportunity seldom seen for sale in Glasgow, and selling well - out of 26 total units, 11 already sold. We expect substantial interest from nearby homeowners, shopkeepers and professional investors & developers.

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Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.

All prices quoted are exclusive of VAT.

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