Property photos
Freehold
£70,000
Property for sale
Primrose Square, Swanton Morley, Dereham NR20Key Information
Tenure:
Freehold
Council tax band:
C
Local area information
Property location
Nearby amenities
- Swanton Morley VC Primary School 0.4 miles
- St Mary's Community Primary School, Beetley 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Six garages - great rental business, up to 8% yield
- Brand new steel door with two keys - anti drop safety measure and canopy
- Durable powder coating finish to doors
- One garage has the benefit of two additional parking spaces
- Newly sealed roof
- Five year installation warranty and ten year parts warranty garador
- Space at the front of the garage cam be used - without affecting other garages
- Ready to be rented out
Introducing an exceptional investment opportunity encompassing of six garages, offering significant rental potential or potential for the site to offer development. Boasting a prime location and a multitude of desirable features that cater to both investors and potential tenants alike.
Garages
This investment opportunity involves purchasing six ready-to-rent garages, featuring brand new doors and sealed roofs. These sectional concrete garages promise a high estimated return rate of up to 9%, with significantly lower ongoing maintenance than residential properties. They come with a 5-year installation warranty and a 10-year parts warranty from Garador, ensuring long-term durability. Each steel door is equipped with an anti-drop safety feature, canopy lifting gear, and a durable powder coating finish, along with two keys. The lower vacancy rates and minimal maintenance needs make these garages a stable and attractive investment. However, investors should consider the local demand for garage rentals, management approaches, insurance requirements, and compliance with zoning laws to maximize returns.
Agents notes
We understand that this property is being sold freehold.
Disclaimer
Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Garages
This investment opportunity involves purchasing six ready-to-rent garages, featuring brand new doors and sealed roofs. These sectional concrete garages promise a high estimated return rate of up to 9%, with significantly lower ongoing maintenance than residential properties. They come with a 5-year installation warranty and a 10-year parts warranty from Garador, ensuring long-term durability. Each steel door is equipped with an anti-drop safety feature, canopy lifting gear, and a durable powder coating finish, along with two keys. The lower vacancy rates and minimal maintenance needs make these garages a stable and attractive investment. However, investors should consider the local demand for garage rentals, management approaches, insurance requirements, and compliance with zoning laws to maximize returns.
Agents notes
We understand that this property is being sold freehold.
Disclaimer
Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Minors & Brady
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Property descriptions and related information displayed on this page are marketing materials provided by - Minors & Brady. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Minors & Brady for full details and further information.