· Investment / Development Opportunity to buy a FULL PARADE of 36 purpose built lock up garages in Glasgow’s Highly Sought after WEST END***HUGE BREAK UP POTENTIAL OF £20,000 PER GARAGE*** Seldom brought to the market**
· Located within the heart of the Exclusive Kelvindale district of Glasgow’s West End*** Easily Accessible & secure location*** Various uses including storage & private parking*** Potential yield of 20.3% ANNUAL Return (based on guide price)***
· High density Kelvindale district of Glasgow, these garages offer a rare & potentially Lucrative high yielding opportunity. Possible total rental income of £86,400 per annum (£200 pcm per garage)***Post Refurbishment***
· The garages have an estimated massive total break-up value of £720k (£20k per garage if sold individually) ***High Demand for rarely available garages in this area*** Ideal for owner occupiers in the locale vicinity***
· Easily Accessible & secure location*** Excellent Storage or Investment potential***First Time on the open market in OVER 30 YEARS*** Heavily discounted price to ensure sale ***Interest should be noted to auctioneers***
***FIRST TIME ON THE OPEN MARKET IN 30 YEARS*** A rare opportunity to purchase an UNBROKEN Parade of Lock Up Garages in the heart of the leafy district of Kelvindale in Glasgow’s highly sought after West End***HUGE BREAK UP POTENTIAL*** Seldom brought to the market** ***High Density Location *** Currently fully let at a low rent*** ASSET MANAGEMENT OPPORTUNITY***This is a unique and rarely seen in opportunity in Glasgow*** Individually Broken up, this Fabulous Parade of Garages has an estimated value of £720,000 (£20,000 per garage)*** Once in a lifetime opportunity** ***High Density Location ***The expected rental value of a new garage unit in this location is £200 pcm equating to an annual combined income of £86,400*** *** Estimated 20.3%+ Rental Return at Guide Price. The property is in a fantastic secure location close to Anniesland Cross and train station in a high density area with a shortage of private parking spaces and storage facilities. The local area plays host to a number of social & recreational amenities including the shopping district of Byres Road, the entertainment hub of Ashton Lane & The World Renowned Botanic Gardens off Queen Margaret Drive.***This is a rarely available opportunity To acquire within a Premier district in Glasgow’s Highly Desirable West End***“This is a unique opportunity seldom seen for sale in Glasgow. We expect substantial interest from professional investors & developers. Buyers with vision will be able to see the incredible potential of the subjects.”
GUIDE PRICE: £425,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
***TO ACQUIRE FULL PARADE OF 9 GARAGES IN RIPON DRIVE, KELVINDALE, GLASGOW IN GLASGOW'S HIGHLY SOUGHT AFTER WEST END***
***HUGE BREAK UP POTENTIAL***
*** Seldom brought to the market***
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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