icons_size_white icons_size
menu

36 Garages at 30 Ripon Drive

Guide price: £425,000.00|Auction date: 2025-01-29|Lot: -|Storage, Land, Mixed Use, Other, Industrial, Commercial Land, Other Property Types & Opportunities

Property details

ADDRESS36 Garages at 30 Ripon Drive
TYPEStorage, Land, Mixed Use, Other, Industrial, Commercial Land, Other Property Types & Opportunities
TENUREFor Sale Freehold
TENANCYInvestment
POSTED ON7th October 2024

Description

FOR SALE BY ONLINE AUCTION WEDNESDAY 29TH OF JANUARY 2025 ***HIGHLY SOUGHT AFTER FULL PARADE OF 36 GARAGES IN THE WEST END OF GLASGOW - RIPON DRIVE, KELVINDALE***HUGE BREAK UP POTENTIAL***SELDOM BOUGHT TO THE MARKET***

· Investment / Development Opportunity to buy a FULL PARADE of 36 purpose built lock up garages in Glasgow’s Highly Sought after WEST END***HUGE BREAK UP POTENTIAL OF £20,000 PER GARAGE*** Seldom brought to the market**

· Located within the heart of the Exclusive Kelvindale district of Glasgow’s West End*** Easily Accessible & secure location*** Various uses including storage & private parking*** Potential yield of 20.3% ANNUAL Return (based on guide price)***

· High density Kelvindale district of Glasgow, these garages offer a rare & potentially Lucrative high yielding opportunity. Possible total rental income of £86,400 per annum (£200 pcm per garage)***Post Refurbishment***

· The garages have an estimated massive total break-up value of £720k (£20k per garage if sold individually) ***High Demand for rarely available garages in this area*** Ideal for owner occupiers in the locale vicinity***

· Easily Accessible & secure location*** Excellent Storage or Investment potential***First Time on the open market in OVER 30 YEARS*** Heavily discounted price to ensure sale ***Interest should be noted to auctioneers***

***FIRST TIME ON THE OPEN MARKET IN 30 YEARS*** A rare opportunity to purchase an UNBROKEN Parade of Lock Up Garages in the heart of the leafy district of Kelvindale in Glasgow’s highly sought after West End***HUGE BREAK UP POTENTIAL*** Seldom brought to the market** ***High Density Location *** Currently fully let at a low rent*** ASSET MANAGEMENT OPPORTUNITY***This is a unique and rarely seen in opportunity in Glasgow*** Individually Broken up, this Fabulous Parade of Garages has an estimated value of £720,000 (£20,000 per garage)*** Once in a lifetime opportunity** ***High Density Location ***The expected rental value of a new garage unit in this location is £200 pcm equating to an annual combined income of £86,400*** *** Estimated 20.3%+ Rental Return at Guide Price. The property is in a fantastic secure location close to Anniesland Cross and train station in a high density area with a shortage of private parking spaces and storage facilities. The local area plays host to a number of social & recreational amenities including the shopping district of Byres Road, the entertainment hub of Ashton Lane & The World Renowned Botanic Gardens off Queen Margaret Drive.***This is a rarely available opportunity To acquire within a Premier district in Glasgow’s Highly Desirable West End***“This is a unique opportunity seldom seen for sale in Glasgow. We expect substantial interest from professional investors & developers. Buyers with vision will be able to see the incredible potential of the subjects.”

GUIDE PRICE: £425,000

To view legal documents for all properties, and to register for our online auctions please visit our website.

Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.

Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.

Location

marker
Location: 36 Garages at 30 Ripon Drive

Anniesland (0.2 miles)

Jordanhill (0.7 miles)

Scotstounhill (0.7 miles)

Agent's details

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here