Property Details: - Type: Garage - Bedrooms: 0 - Bathrooms: 0
Agent: Davies & Davies - Trowbridge Phone: 01225 288692
Exceeding 3,500 SQFT of floor space, this is a rare opportunity for those seeking a vast amount of secure storage or a lucrative income. Set behind an electric gate, the site consists of a two storey barn, 17 single garages and a further double width garage.<br/><br/>Found a short distance from the town centre, the property is accessed via remote controlled electric gates. From here a tarmac driveway opens out to reveal the vast selection of garages. Garages 1 to 10 are excellent sizes measuring 9ft 10in in width. all 10 are rented and the owner has chosen not increase rents on existing tenants. As such, the rents vary but these are achieving up to £120 per month. Garages 11 to 17 are slightly smaller and have what appears to be an asbestos roof. One of these garages has been kept vacant for use as storage. The other 6 have monthly rents which vary again based on the length of time tenants have been there, ranging up to £100 a month. A double width garage with single garage door is rented at £250 per month whilst the two storey barn is currently vacant. Ripe for improvements, this historic barn features two rooms on the ground floor with secure, remote controlled shutters and two further rooms on the first floor. <br/><br/>A buyer may wish to continue on the current rents to legacy tenants or review in line with the current market. Based on the higher figures achieved, the property has a combined potential income of £25,800, without including the barn. The property is connected to mains electricity and has had recent electrical improvements carried out including a new RCD. There is no gas or water connection. In addition, the property is exempt from business rates, therefore offering a minimal hassle, maximal return investment. Subject to necessary permissions, the site could offer speculative opportunities for development.<br/><br/>
