Land for sale

TO BE SOLD BY ONLINE AUCTION ON 11 TH FEBRUARY UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Land and buildings on the north side of Gower Road, Hyde, SK14 5AD

A rare opportunity to acquire a freehold parcel of land extending to approximately 0.16 acres, with a block of garages, situated in a convenient and well-established residential location in Hyde. The site offers immediate income, with clear scope to increase returns, along with potential for future development, subject to the necessary consents.

The land currently comprises nine garages, with the majority let and generating a combined income of approximately £4,680 per annum. Several units are under-rented and one is currently vacant, presenting a clear opportunity for an investor to increase income through re-letting and rental uplift.

Comparable lock-up garages and storage units in the local and surrounding area are currently achieving rents in the region of £100–£150 per calendar month, highlighting substantial potential to enhance rental income upon re-letting and full optimisation.

Beyond the existing income stream, the site also offers long-term development potential in a popular and established location, subject to planning permission.