Garage for sale

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Garage for sale

Garages 1-6 Ashburton Road, Southsea PO5 3JU
£150,000

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

This rare opportunity presents a block of six vacant freehold lock-up garages situated in the heart of Southsea Town Centre, available for immediate cash offers on strict auction terms. The garages, built around 1960, are of brick and block construction with up-and-over doors under a pitched roof, and are located at the rear of a small residential development of nine apartments. The property is conveniently located near the seafront and Southsea Shopping Centre, placing a wide range of public amenities within walking distance. This lot is expected to appeal to both investors and private buyers, with the potential for a rental return of around £125-£150 per unit per month, totalling £9,000-£10,800 per annum.