Garage for sale

>

Garage for sale

Garages 1-6 Ashburton Road, Southsea PO5 3JU
£125,000

Our Summary

  • TO BE SOLD BY PUBLIC AUCTION (at a date to be confirmed) UNLESS SOLD PREVIOUSLY
  • We invite IMMEDIATE CASH OFFERS (on strict Auction terms) from investors and private individuals for this rare opportunity: a block of SIX VACANT FREEHOLD LOCK-UP GARAGES well-situated in the heart of SOUTHSEA TOWN CENTRE

Description

A block of six vacant freehold lock-up garages is being sold by public auction, unless sold previously, with a guide price of £100,000-£125,000. The garages, situated in the heart of Southsea Town Centre, are well-located near the seafront and shopping centre, making them convenient for residents. The property, dating back to around 1960, consists of brick and block construction with up-and-over doors under a pitched roof. The garages are expected to appeal to both investors and private buyers, with the potential for a rental return of £125-£150 per unit per month, or £9,000-£10,800 per annum in total.