Summary - 94, WEST STREET LN13 9HA
1 bed 1 bath Commercial Property
**Standout Features:**
- Commercial property for investment: 13 well-maintained garages
- Freehold tenure with tenants in situ
- Current rental income of £4,368 per annum
- Excellent mobile signal and fast broadband speeds
- Prime location near the center of Alford
**Summary:**
Seize this exciting investment opportunity to own 13 garages in the heart of Alford, a charming market town in Lincolnshire. This freehold property features well-maintained garages, currently letting for £28 per month each, ensuring a steady income of £4,368 per year for investors. Located on a publicly maintained highway, the garages provide convenient access and are supported by excellent mobile signal and fast broadband speeds—ideal for future enhancements.
The garages, constructed from brick with timber or metal doors, present a reliable income stream with tenants already in place. While mains water is available, it is not currently in use, which opens avenues for future developments. This property benefits from a central location near essential amenities, including schools that boast good Ofsted ratings, various shops, and community resources, making it a promising investment.
However, do note that the area has above-average crime rates and certain concerns regarding local deprivation, which may affect future rental demand. This could present a unique opportunity for those looking for renovation potential or further development in a thriving community environment. Don’t miss your chance to secure a valuable asset in an evolving market!
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