Garage for sale

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Garage for sale

Lee Warner Avenue, Fakenham
£85,000

Our Summary

  • This investment offers strong income potential
  • There may also be future development potential, subject to securing the necessary planning permissions - making this a versatile opportunity for both investors and developers
  • FUTURE DEVELOPMENT POTENTIAL (STPP)
  • Future development potential (STPP)

Description

This is a rare opportunity to acquire 12 garages in the sought-after Norfolk town of Fakenham, being sold with vacant possession. The garages are arranged in two blocks, offering immediate flexibility for the buyer. The property has strong income potential, with a projected annual income of £11,520 at a rental rate of £80 per month per garage, equating to a gross return on investment of 13.55%. Additionally, there may be future development potential, subject to securing necessary planning permissions, making this a versatile opportunity for both investors and developers.