Commercial property for sale
Garages Rear of 176 Bavington Drive, Fenham, Newcastle Upon Tyne
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Block of four garages (3 single & 1 double)
- Fully tenanted, generating £3600 annual rental income
- Attractive 18% yield based on £20000 guide price
- Freehold asset with strong demand and easy access
- 2.3 miles northwest of Newcastle City centre
- Excellent investment opportunity
Description
Auction Guide Price £20,000+
Ref I393
Live Auction on Thursday 26th February 2026 - Option 1
For Sale by Auction. Terms and Conditions apply, see agentspropertyauction.com
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400).
Location
The garages are convenientlylocated on Bavington Drive in a well-established residential area of Newcastleupon Tyne. Positioned within a quiet neighbourhood, the site benefits from easyaccess to local roads, making it ideal for secure vehicle storage or generaluse. The surrounding area is predominantly residential, providing consistentdemand for parking and storage solutions from nearby homeowners who may havelimited off-street parking.
The garages are also withinclose proximity to local amenities, public transport links, and major routesconnecting to Newcastle city centre, offering both practicality andaccessibility. This location presents an excellent opportunity for investors orowner-occupiers seeking a straightforward, low-maintenance asset in a popularsuburban setting.
Description
We are pleased to present this block of four garagesto the market, constructed in traditional brick with flat roofs. The blockcomprises three single garages and one double garage, each benefiting fromparking directly to the front.
We are advised that all units are currentlytenanted, producing a combined rental income of £3,600 per annum. Thisrepresents an attractive investment opportunity with an established andimmediate income stream in place.
Rental Income
1. Single garage - £840 per annum
2. Single garage - £840 per annum
3. Single garage - £840 per annum
4. Double garage - £1,080 per annum
Total Income £3,600 per annum
Yield
18 % yield based on a guide priceof £20,000
Auction Guide Price
£20,000+
Viewing
Strictly by appointment through this office.
Tenure
Freehold
Viewing
Strictly by appointment through this office
Auction
Live online auction, bidding starts Thursday 26th February 2026, terms and conditions apply, see website
Brochures
Full DetailsGarages Rear of 176 Bavington Drive, Fenham, Newcastle Upon Tyne
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kingston Park Metro Station1.7 miles
- Bank Foot Metro Station1.7 miles
- Wansbeck Road Metro Station2.0 miles
About Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties
Newcastle House Albany Court, Newcastle Business Park, Newcastle Upon Tyne, NE4 7YB
Notes
Disclaimer - Property reference 12821615. 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 Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties on 0191 625 1019.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.