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Property for sale
Primrose Square, Dereham
£70,000
Primrose Square, Dereham
£70,000
Price History
Initial price | £80,000 |
19/07/24 | £70,000 |
Price Change | -12.50% |
Description
This exceptional investment opportunity presents six brand new garages, offering significant rental potential or potential for development in a prime location. The garages feature new doors and sealed roofs, with an estimated return rate of up to 9% and lower ongoing maintenance compared to residential properties. With a 5-year installation warranty and 10-year parts warranty from Garador, the garages promise long-term durability. Each steel door is equipped with anti-drop safety features, canopy lifting gear, and a durable powder coating finish, along with two keys. With lower vacancy rates and minimal maintenance needs, these garages offer a stable and attractive investment opportunity, although investors should consider local demand, management approaches, insurance requirements, and zoning laws to maximize returns.