Garage for sale

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Garage for sale

College Street, St. Helens
£649,950

Our Summary

  • We are pleased to announce for sale this fantastic investment opportunity to purchase a freehold site which currently has six different commercial units all with tenants in place
  • 3% based on the asking price but has potential for an increase in the future
  • Viewing is highly recommended to appreciate the size and potential for the properties and can be arranged through our office or by calling

Description

This fantastic investment opportunity presents a freehold site with six commercial units, all occupied by tenants, offering a current yield of 10.3% based on the asking price. The site is all on one deed, making the purchase process easier, and has recently undergone works to electrics and roofs in some units. The units are leased for varying terms, with rent reviews set at regular intervals, and the current income totals £67,036.68. Unit 1 is a MOT test station, Unit 2 and 3 are garages, Unit 4 is a tyre garage, Unit 5 is a car wash, and Unit 6 is another garage. With a mix of short and long-term leases, this property offers a strong potential for future income growth, making it an attractive investment opportunity for anyone looking to diversify their portfolio.
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