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Garage for sale
8 Commercial Street, Manchester, M15 4QW
£95,000
8 Commercial Street, Manchester, M15 4QW
£95,000
Our Summary
- Size - 12 sq m Key Features: * Ideal passive investment opportunity
Description
This property is a 3-car parking space located beneath the Hill Quays Apartment complex in Deansgate, Manchester. The spaces are ideal for passive investment or owner-occupation, offering high yields and easy acquisition. Each space is 12 square meters in size, with a high ceiling height and no pillar obstruction, making them suitable for large vehicles. The spaces are currently let at £600 per month, with a potential target market for rent due to the increasing number of residential and commercial developments in the area. The property is leasehold, with a 150-year term from 2002, and the owners are liable for a service charge of £90 per annum and ground rent of £100 per annum. The guide price is £95,000, offering a gross yield of over 7.5%.