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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Portfolio of four lock up garages in sought after districts of East Kilbride. Located on terraces of custom built units within residential areas. Annual rental return of £3,240. Freehold Sale.

The properties comprises single storey brick and concrete construction garage premises surmounted by flat roof and up and over metal door access. Garages located within quiet car parking areas.

Popular Residential Districts *** Local rental demand within the districts is strong for garages. Three of the lock up garages have written leases and are managed by letting agents.

Densely populated residential districts with a mixture of buy-to-let and owner occupancy properties. Secure and easily accessible lock up garages within communal resident's parking areas.

East Kilbride is widely regarded as one of the most successful “new towns” in the UK with a population of 75,000 and has become Scotland’s 5th largest town. Freehold Sale.

Freehold Portfolio of Self Contained Lock up Garages in East Kilbride. Opportunity to acquire a portfolio of four self contained garages within recognised residential districts of East Kilbride. Full Ownership. Freehold Sale. Three of the garages have written leases and managed by letting agents. Full portfolio is £3,240 per annum. Rental potential for full occupancy is £120 per week - £5,760 per annum and a rental yield of 15% per annum. Garage 1 - 31G Juniper Avenue, East Kilbride, G75 9JR (Tenanted £85 per month - £1,020 per annum). Second garage from the end on a row of seven garages. Faces onto the main road with parking area/access to the front (Garage G). Garage 2 - 57 Ballochmyle, East Kilbride, G74 3RT (Vacant). Fourth garage from the left within a row of seven garages. Faces onto the main road into the estate with parking area and access to the front. Garage 3 - 10A Stepehenson Place, East Kilbride, G75 0AQ (Tenanted £100 per month - £1,200 per annum). Located on a terrace of custom built units within quiet residential area. The property comprises a single storey garage premises brick and concrete construction surmounted by flat roof. Garage 4 - 3A Trinidad Green, East Kilbride, G75 8PE (Tenanted £85 per month - £1,929 per annum). Corner positioned garage with access on row of five self contained garage premises. The popular town of East Kilbride offers a range of high street shopping amenities, entertainment venues, restaurants and sports and recreational facilities.

Tenancy Details

Type of Agreement: Basic Lease
Length: Annual
Rent: £5,760 per year / £480 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Three garages have written leases and managed by letting agents. Full rental return on portfolio is £3,240 per annum.

Maps & Location

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East Kilbride offers a range of primary and secondary schooling, and South Lanarkshire College is located in the town. From the historic village to a thriving leader in commerce and technology, East Kilbride is one of Scotland's largest and newest towns enjoying a central locale with ample bus and rail services and motorway links providing access in and around the central belt. The town also offers bus and rail services connecting to Glasgow City Centre and other destinations throughout west and central Scotland, as well as access to Central Scotland's motorway networks.

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Pricing Information & Bidding

Opening Bid: £35,000

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Terms & Conditions of Sale

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