R/O Cromwell Road, Grimsby, N E... Garage for sale

>

R/O Cromwell Road, Grimsby, N E... Garage for sale

R/O Cromwell Road, Grimsby, N E Lincs, DN31
£95,000

Price History

Initial price £120,000
11/05/24 £110,000
19/09/24 £100,000
05/12/24 £95,000
Price Change -20.83%

Description

Jackson, Green and Preston are offering a unique investment opportunity consisting of 16 individual garages and 1 workshop located in Grimsby town centre. Currently, 9 of the garages and workshop are let, generating an annual income of £6,960. However, the agents anticipate a higher market rent of £40 per garage, which would increase the annual income to £11,700 when the workshop is also let at £335 per month. This is a low-maintenance investment opportunity that is not to be missed, offering a strong potential return on investment.