Garages at Gidlow Lane, Wigan

Sold

Description

£55,000 Offers Over
Offers Over
1
1

Property Summary

**INVESTMENT OPPORTUNITY**

FOR SALE BY INFORMAL TENDER - 12NOON ON 30/6/2024

The property comprises approximately 195m2 of land which is currently used for garaging and includes six garages.

The 6 garages are currently occupied, on the basis of licence agreements for the year ending April 2025 the gross receipts are anticipated to be £4,900, we estimate potential growth to £6,240p.a. on the basis of scope to increase to £20/week.

The garages are of brick construction under mono-pitched slate roof with hinged access doors to the front. The red edged garage is subject to a 999 year lease to a third party, the freehold interest of this garage is included in the sale at £5pa.

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