Garage for sale

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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 are located in the heart of Southsea Town Centre, within a sought-after Conservation Area, and are a level walk from the seafront and shopping centre. Dating from around 1960, the garages are of brick and block construction with up-and-over doors and pitched roofs. This rare opportunity 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, totaling £9,000-£10,800 per annum.