Garages at Clyde Rear of 26 Ashlands Court, Coronation Avenue East, Tilbury, Essex, RM18 8RY
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- 42 x freehold garages (34 x let out on licences & 8 x vacant)
- Same family ownership for many years
- Asset management potential to increase the passing income via letting out the vacant garages
- ERV once fully let £43,600 p.a. (would represent a 15.03% GIY on guide price)
- £6,815 held on deposit
- Potential to break up the garages and sell off individually
- 6 week completion available
- Investment let at £35,360 p.a. (12.19% GIY on guide)
Description
StrapLine
Auction Sale - 20/05/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA rare opportunity to purchase the freehold interest of 42 garages (34 x let out on licences & 8 x vacant). Instant asset management potential in letting out the vacant garages.
Investment let at £35,360 p.a.
Description
42 freehold garages situated in two separate opposing blocks within a total of 45 garages across both blocks.
34 of the garages are let out on quarterly licences with 8 of the garages currently vacant offering asset management potential to increase the passing rent by letting out the vacant space.
Location
The garages are situated on Coronation Avenue, within the established residential area of East Tilbury, Thurrock (RM18 8RY). East Tilbury railway station is approximately 0.6 miles away, providing regular services to London Fenchurch Street. The A13 is close by, offering convenient road access to Lakeside Shopping Centre, the M25 and central London. Local shops, schools and employment centres serve the surrounding residential catchment
Transport
East Tilbury railway station - National Rail services
Tenancy
Please refer to accommodation and Tenancy schedule
Accommodation
42 Garages
Garages at Clyde Rear of 26 Ashlands Court, Coronation Avenue East, Tilbury, Essex, RM18 8RY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- East Tilbury Station0.3 miles
- Stanford-le-Hope Station2.1 miles
- Tilbury Town Station3.2 miles
Notes
Disclaimer - Property reference 223-22592. 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 Savills Auctions, London. 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 Savills Auctions, London on 020 3909 6715.
*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.”
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