Garage for sale

Lock-up Garages Meadow View (Stanton Moor View) Darley Dale Matlock

£38,000

Property Description

Commercial information

  • Business for sale

Key features

  • A Block of Six Lock Up Garages
  • Currently fully let yielding an annual income of 1,920
  • Freehold subject to the existing tenancies

Full description

Tenure: Freehold

FOR SALE AS A WHOLE OR INDIVIDUALLY
A profitable investment opportunity yielding a good rate of return against capital with potential for rental increase.

A block of six lock-up garages of pre-cast concrete construction situated in the heart of a predominantly residential area and currently fully let.

Yielding an annual income of 1,920. With current interest rates at their all time low level, substantial funds would need to be invested to generate income currently been seen from these garages and at the quoted purchase price the rent yields a gross income of 5.05%.

AVAILABLE AS A WHOLE OR INDIVIDUALLY (7,000).

TENURE Freehold subject to the existing tenancies.

DIRECTIONS From Matlock take the A6 north turning right after approximately one mile into Stanton Moor View. Turn first right into Meadow View and bear to the left at the head of the cul-de-sac. The garages are on the right.

Note: The garages are within the ownership of a Director of Fidler Taylor.

VIEWING Call on site at any reasonable time.

FTM7424

Nearest stations

  • Matlock (0.8 mi)
  • Matlock Bath (1.9 mi)
  • Cromford (2.6 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Fidler Taylor, Matlock

Archway Estate Office Crown Square Matlock DE4 3AT

01629 355001 Local call rate

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Disclaimer

Property reference FTM7424. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fidler Taylor, Matlock. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.