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Investment

Investment

Address

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Auction date

26 Feb 2026

Guide price

£20,000

Type

Other

Tenure

Freehold

EPC Rating

Unknown

Status

Upcoming

Auction location placehbolder

Description

The garages are conveniently located on Bavington Drive in a well-established residential area of Newcastle upon Tyne. Positioned within a quiet neighbourhood, the site benefits from easy access to local roads, making it ideal for secure vehicle storage or general use. The surrounding area is predominantly residential, providing consistent demand for parking and storage solutions from nearby homeowners. We are pleased to present this block of four garages, constructed in traditional brick with flat roofs, comprising three single garages and one double garage, each benefiting from parking directly to the front. Currently, all units are tenanted, producing an annual rental income of £3,600, representing an attractive investment opportunity with an established income stream.

  • Block of four garages (3 single & 1 double)
  • Fully tenanted, generating £3,600 annual rental income
  • Attractive 18% yield based on £20,000 guide price
  • Freehold asset with strong demand and easy access
  • 2.3 miles northwest of Newcastle City centre

Last update: 12 Feb 2026

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