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Garage for sale
Nursery Road, Stanford Le Hope, Essex SS17
£500,000
Nursery Road, Stanford Le Hope, Essex SS17
£500,000
Our Summary
- An Exciting Investment & Development Opportunity
- Binks & Brown are delighted to bring to market this unique and versatile site, currently comprising 22 existing garages producing a regular rental income, and offering exceptional potential for future development - subject to obtaining the necessary consents
- Scope to increase rental yields with management or refurbishment
- Potential for Residential Development, subject to planning permission
- Planning & Development Potential:
- While the site currently operates as an income-generating garage compound, its size, setting, and configuration make it an attractive prospect for redevelopment
- Exciting Investment Opportunity
- Potential for development (STPP)
Description
This exciting investment and development opportunity in a highly sought-after location comprises 22 existing garages, producing a regular rental income. The site, spanning approximately 0.24 acres, offers exceptional potential for future development, subject to obtaining the necessary consents. With a strong demand for housing in the surrounding residential area, the site could be redeveloped into multiple dwellings, mews-style homes, or a small apartment scheme. The property's current income-generating potential can be increased through management or refurbishment, making it an attractive prospect for investors and developers alike.