Garage for sale

>

Garage for sale

8 Commercial Street, Manchester, M15 4QW
£35,000

Our Summary

  • Size - 12 sq m Key Features: * Ideal passive investment opportunity

Description

This car parking space is located in the Hill Quays Apartment complex on Deansgate and offers a unique investment opportunity. The space is 12 square meters in size and has a high ceiling height, making it suitable for large vehicles. It is currently let at £200 per month, with a target market for rent due to the area's growing residential and commercial developments. The space is available for purchase at a guide price of £35,000 and comes with a 150-year leasehold tenure. The buyer will be responsible for a service charge of £90 per annum and a ground rent of £100 per annum. The property benefits from an EWS1 form, which has been obtained after a recent £7 million programme of remedial works, making it an attractive investment opportunity for those looking for a passive income stream or a convenient parking solution for personal use.