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Garage Site With Potential

Garage Site With Potential

Address

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Auction date

24 Sep 2026

Guide price

£425,000

Type

Land

Tenure

Freehold

EPC Rating

Unknown

Status

Upcoming

Auction location placehbolder

Description

This freehold garage site extends to approximately 0.26 acres and comprises of 47 lock-up garages, some of which are currently let, generating a significant annual income. The site currently produces a gross rental income of £12,688 per annum, with an estimated potential of around £36,660 per annum if all garages are fully let.

  • Freehold tenure
  • Site area: 0.26 acres (approx. 1052.22 square meters)
  • 47 lock-up garages
  • Current income: £12,688 per annum
  • Potential income: £36,660 per annum when fully occupied
  • Accessible from Wye Road and Lamorna Avenue

Located in an established residential area of Gravesend, opportunities to acquire similar freehold sites are rare. The property may be suitable for continuing its current use or for redevelopment, subject to necessary approvals. This site provides an excellent investment opportunity, particularly for those considering rental income prospects or refurbishment projects.

Last update: 04 Sep 2026

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