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Area statsOffers over
£130,000Property for sale
Garages Off Mayfields, Redditch
Added yesterday
Property
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Freehold
- Close proximity to Redditch Town Centre
- Additional development opportunity (STPP)
- Tenanted units
- Currently producing £12,000 per annum
*Investment Opportunity*
The garages off Mayfields comprise a single, well-defined block of residential garages/work units.
The property is freehold and includes ten individual garages arranged in one block, together with additional parking provision for a further ten vehicles located above the garage block.
The garages off Mayfields comprise a single, well-defined block of residential garages/work units.
The property is freehold and includes ten individual garages arranged in one block, together with additional parking provision for a further ten vehicles located above the garage block.
Both the garage block and the additional parking benefit from a main vehicular access point off Mayfields, providing convenient access through to Mount Pleasant.
The garages have been professionally managed for the past five years and currently generate an annual income of £12,000. There is further potential for rental growth, as well as a development opportunity to further capitalise on the parking spaces above the garages to enhance overall income.
No statement in these details is to be relied upon as representation of fact, and purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained within. These details do not constitute any part of any offer or contract. AP Morgan and their employees and agents do not have any authority to give any warranty or representation whatsoever in respect of this property. These details and all statements herein are provided without any responsibility on the part of AP Morgan or the vendors. Equipment: AP Morgan has not tested the equipment or central heating system mentioned in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. Measurements: Great care is taken when measuring, but measurements should not be relied upon for ordering carpets, equipment, etc. The Laws of Copyright protect this material. AP Morgan is the Owner of the copyright. This property sheet forms part of our database and is protected by the database right and copyright laws. No unauthorised copying or distribution without permission..
The garages off Mayfields comprise a single, well-defined block of residential garages/work units.
The property is freehold and includes ten individual garages arranged in one block, together with additional parking provision for a further ten vehicles located above the garage block.
The garages off Mayfields comprise a single, well-defined block of residential garages/work units.
The property is freehold and includes ten individual garages arranged in one block, together with additional parking provision for a further ten vehicles located above the garage block.
Both the garage block and the additional parking benefit from a main vehicular access point off Mayfields, providing convenient access through to Mount Pleasant.
The garages have been professionally managed for the past five years and currently generate an annual income of £12,000. There is further potential for rental growth, as well as a development opportunity to further capitalise on the parking spaces above the garages to enhance overall income.
No statement in these details is to be relied upon as representation of fact, and purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained within. These details do not constitute any part of any offer or contract. AP Morgan and their employees and agents do not have any authority to give any warranty or representation whatsoever in respect of this property. These details and all statements herein are provided without any responsibility on the part of AP Morgan or the vendors. Equipment: AP Morgan has not tested the equipment or central heating system mentioned in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. Measurements: Great care is taken when measuring, but measurements should not be relied upon for ordering carpets, equipment, etc. The Laws of Copyright protect this material. AP Morgan is the Owner of the copyright. This property sheet forms part of our database and is protected by the database right and copyright laws. No unauthorised copying or distribution without permission..
Area statistics
Crime score
Low crime
3/10
About this agent
Our estate agents in Redditch are located on ‘estate agent row’ on Church Green East, right in the middle of the town centre, just a stone’s throw from the Kingfisher Centre, which makes it easily accessible by car, train, or bus. The friendly, professional team are always happy to have a chat to discuss the next steps in your property journey. Whether you're looking to sell, buy, rent, or let out a property, our staff are extensively trained, and have over 30 years of combined experience in the property industry. Get in touch with our estate agents in Redditch today to find out how we can help you through your property journey.
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