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0 bed property
Garages Off Mayfields, Redditch B97
£130,000
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Our Summary
- Additional development opportunity (STPP)
- *Investment Opportunity*The garages off Mayfields comprise a single, well-defined block of residential garages/work units
- 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
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Description
The property consists of a single block of 10 residential garages/work units and a block of parking spaces for 10 vehicles, located above the garages. It includes a main vehicular access point off Mayfields, providing access through to Mount Pleasant. The property is freehold and has been professionally managed for the past five years, generating an annual income of £12,000.
There is additional parking and potential development opportunities for further income growth.