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Garage for sale
Rear of, 56-58 Elmsleigh Drive, Leigh-on-Sea, Essex, SS9 3DN
£140,000
Rear of, 56-58 Elmsleigh Drive, Leigh-on-Sea, Essex, SS9 3DN
£140,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 3RD DECEMBER 2025 AT 12
- The garages are let (see Auction Pack for tenancy details), current annual rent income is circa £6,500
- Significant opportunity to add value by increasing existing rents and developing further allocated private parking or perhaps additional garaging, subject to planning
- Future potential to redevelop the site for residential may exist, subject to planning
- The Lot offers great potential of increasing the rental income or is considered for own occupation All garages are let at £65 per calendar month
Description
This commercial investment property is a freehold site featuring eight lock-up garages with direct access from Elmsleigh Drive. The garages are currently let, generating an annual rent income of approximately £6,500. The property offers significant potential for adding value by increasing existing rents, developing additional parking or garaging, and potentially redeveloping the site for residential use, subject to planning permission. The property is currently let to multiple tenants at £65 per calendar month, and a current tenancy schedule is available from the auctioneers. The property is being sold by public auction on December 3rd, 2025, with bidding available by telephone, proxy, and online.