>
Garage for sale
Lee Warner Avenue, Fakenham
£85,000
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.