Property for sale

>

Property for sale

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.