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Trevelyan Crescent, Stratford-upon-Avon, Warwickshire, CV37

Key features

  • Block of 17 single-storey lock-up garages
  • Freehold
  • Approximately 1 mile from Stratford-upon-Avon town centre
  • Established residential location
  • Fully let, producing a circa 9.25% investment yield
  • Total rental income of £21,031.20 per annum
  • Potential for future development
  • All tenancy agreements available for inspection

Description

Freehold investment – block of 17 garages – circa 9.25% yield


Freehold investment – block of 17 garages – circa 9.25% yield


The garages are located on Trevelyan Crescent, in a well-established residential area of Stratford-upon-Avon close to local shops and everyday amenities, and within approximately 1 mile of Stratford town centre.


The property comprises a block of 17 single-storey lock-up garages, set within a popular and well-established residential location close to the heart of Stratford-upon-Avon. The block offers a straightforward, low-maintenance freehold investment with scope for future development.

All 17 garages are let, producing a total rental income of £21,031.20 per annum, reflecting an investment yield of 9.25%. Rents are currently split as follows: 10 units at £99.66 per month and 7 units at £108 per month.

As each garage is currently let, internal inspection can be arranged on request for buyers who are in a proceedable position. The units can be viewed externally at any reasonable time.



Estate Agents are required by law to conduct anti-money laundering checks on all those buying a property. We have partnered with a third party supplier to undertake these who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is £99 + VAT per buyer and this is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required. This fee will need to be paid and the checks completed in advance of the issuing of a memorandum of sale on the property you would like to buy.

No statement in these details is to be relied upon as representation of fact, and purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained within. These details do not constitute any part of any offer or contract. AP Morgan and their employees and agents do not have any authority to give any warranty or representation whatsoever in respect of this property. These details and all statements herein are provided without any responsibility on the part of AP Morgan or the vendors. Equipment: AP Morgan has not tested the equipment or central heating system mentioned in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. Measurements: Great care is taken when measuring, but measurements should not be relied upon for ordering carpets, equipment, etc. The Laws of Copyright protect this material. AP Morgan is the Owner of the copyright. This property sheet forms part of our database and is protected by the database right and copyright laws. No unauthorised copying or distribution without permission.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Trevelyan Crescent, Stratford-upon-Avon, Warwickshire, CV37

Approximate location

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Affordability

Monthly repayments£1,094
Property: £ 225,000
Deposit: £ 22,500
Interest rate: 5.05%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
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About A P Morgan, Redditch

8 Market Place, Redditch, B98 8AA
Industry affiliations:

Our estate agents in Redditch can be found right in the town centre, and our friendly, professional team are always happy to have a chat to discuss the next steps in your property journey. Whether you're looking to sell or buy a property, our staff are extensively trained, and have over 30 years of combined experience in the property industry.

Get in touch with our estate agents in Redditch today to find out how we can help you through your property journey.

Our team is made up of expert estate agents and property experts in Redditch, who have lived and worked in the local area for many years. Most of the team have been raised in the area and therefore know Redditch and the surrounding areas incredibly well. This expert knowledge, which can only be gained by being a local, is what sets us apart from our competition. Not only does it enable us to provide more accurate, realistic valuations for your property, but it also means we have the knowledge to sell your property as quickly as possible and at the best possible price for you.

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Disclaimer - Property reference RES260866. 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 A P Morgan, Redditch. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.