Garage for sale

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Garage for sale

Garages 1-6 Ashburton Road, Southsea PO5 3JU
£95,000

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 property is a rare opportunity to purchase a block of six vacant freehold lock-up garages located in the heart of Southsea Town Centre. The garages, built around 1960, are situated at the rear of a small residential development of nine apartments and are well-situated near the seafront and shopping centre. The property is being sold by public auction, unless sold previously, with a guide price of £95,000. It is expected to appeal to both investors and private buyers, with potential for a rental return of £125-£150 per unit per month, equivalent to a gross yield of around 10%.