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0 bed property
Lee Warner Avenue, Fakenham NR21
Planning
£85,000
Next Steps
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Our Summary
- Future development potential (STPP)
- There may also be future development potential, subject to securing the necessary planning permissions - making this a versatile opportunity for both investors and developers
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Description
The property is 12 garages arranged in two blocks of eight and four units, respectively. The garages are located in Fakenham, Norfolk and are being sold with vacant possession, offering immediate flexibility for the buyer. Each garage has a projected rental income of £80 per month, resulting in an annual income of £11,520, which represents a gross return on investment of 13.55% based on the purchase price of £85,000.