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Garage for sale
30 Ripon Drive, Glasgow, Glasgow City, G12 0DX
£89,000
30 Ripon Drive, Glasgow, Glasgow City, G12 0DX
£89,000
Price History
Initial price | £99,750 |
14/11/24 | £89,000 |
Price Change | -10.78% |
Description
This is a rare investment opportunity to purchase a full parade of 9 lock-up garages in Kelvindale, Glasgow's highly sought-after West End. The garages are located in a highly accessible and secure area, with a huge break-up potential, and are currently fully let at a low rent. The estimated break-up value of the garages is £198,000, with an expected rental value of £200 per month per garage, equating to an annual combined income of £21,600, or an estimated 21.6% rental return at the guide price of £99,750. The property is situated in a high-density area with a shortage of private parking spaces and storage facilities, making it an attractive asset management opportunity. The local area offers a range of social and recreational amenities, including shopping, entertainment, and the renowned Botanic Gardens. This is a unique opportunity to acquire a prime property in a premier district, with substantial interest expected from professional investors and developers.