26 Garages, St Martins Road

Hendersons Homes is delighted to present this exceptional investment opportunity comprising a block of 26 garages, generating a strong and reliable rental income for prospective investors.

Situated in the sought-after area of Cheriton, between Church Road and St Martins Road, the site offers an attractive income-producing asset with future potential for redevelopment, subject to the necessary planning permissions (STPP).

The current owner has held 26 of the 28 garages within the block for several decades. The portfolio currently generates an income of just over £2,000 per calendar month, representing an approximate gross return of 8%. At the time of marketing, 25 garages are let to individual tenants at £90 per calendar month, with just one garage currently vacant, offering an immediate opportunity to increase the rental income.

To respect the privacy of the existing tenants, viewings are to be conducted externally on an unaccompanied basis during daylight hours only. Prospective purchasers are asked to exercise due care and attention when inspecting the site and do so entirely at their own risk. Neither the seller nor Hendersons Homes accepts any liability for any accident, injury, loss, or damage arising from an inspection of the property.

Get in contact either by calling us on 01303 656100 or by emailing us at office@hendersonshomes.com.