Reference 42627
Address Colinwood Close, Walsall
(Map Location)
Beds 0
Baths 0
Type Garage
Tenure Freehold

FREEHOLD Rare INVESTMENT OPPORTUNITY 9.06% return. Garages x 5 all tenanted. Total income £4080 pa. close to M6/M6 Toll & adjacent to train station in South Staffordshire village.

Description

FREEHOLD INVESTMENT OPPORTUNITY

Situated in a South Staffordshire village midway between Birmingham & Stafford and locally between Walsall & Cannock.

Transport links close to M6 junction 11 and M6 Toll T7 and adjacent to the railway station.

Garages x 5 within a block in a courtyard

Total Income £4080 pa

9.06% Return

Garage A = £70 pcm (£840 pa)

Garage B = £65 pcm (£780 pa)

Garage C = £70 pcm (£840 pa)

Garage D = £65 pcm (£780 pa)

Garage E = £70 pcm (£840 pa)

Tenants pay rents direct into bank by monthly STO

All garages have been painted and have security post fitted.

Storage and parking are always in high demand so this is a lucrative and sought after opportunity

This is a relatively hands off Investment as majority of tenants remain in situ for several years.

NO VAT Chargeable on Purchase


Features

  • FREEHOLD
  • INVESTMENT OPPORTUNITY in highly sought after parking & storage sector
  • 9.06% return
  • 5 x Garages Tenanted
  • Income £4080 pa
  • Garages Painted inside & Security Post Fitted
  • Adjacent to railway station
  • M6 junction 11 & M6 Toll T7 close by
  • South Staffordshire village
  • No VAT chargeable on purchase

Map Location