Property for sale

Primrose Square, Swanton Morley, Dereham NR20

Introducing an exceptional investment opportunity encompassing of six garages, offering significant rental potential or potential for the site to offer development. Boasting a prime location and a multitude of desirable features that cater to both investors and potential tenants alike.

Garages

This investment opportunity involves purchasing six ready-to-rent garages, featuring brand new doors and sealed roofs. These sectional concrete garages promise a high estimated return rate of up to 9%, with significantly lower ongoing maintenance than residential properties. They come with a 5-year installation warranty and a 10-year parts warranty from Garador, ensuring long-term durability. Each steel door is equipped with an anti-drop safety feature, canopy lifting gear, and a durable powder coating finish, along with two keys. The lower vacancy rates and minimal maintenance needs make these garages a stable and attractive investment. However, investors should consider the local demand for garage rentals, management approaches, insurance requirements, and compliance with zoning laws to maximize returns.

Agents notes

We understand that this property is being sold freehold.

Disclaimer

Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.