Property for sale

Garages Rear Of 176 Bavington Drive, Fenham, Newcastle Upon Tyne NE5

Commercial investment. 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. Excellent investment opportunity.

Auction Guide Price £20,000+

Ref I393

Live Auction on Thursday 26th February 2026 - Option 1

For Sale by Auction. Terms and Conditions apply, see

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400).

Location

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 who may have
limited off-street parking.

The garages are also within
close proximity to local amenities, public transport links, and major routes
connecting to Newcastle city centre, offering both practicality and
accessibility. This location presents an excellent opportunity for investors or
owner-occupiers seeking a straightforward, low-maintenance asset in a popular
suburban setting.

Description

We are pleased to present this block of four garages
to the market, constructed in traditional brick with flat roofs. The block
comprises three single garages and one double garage, each benefiting from
parking directly to the front.

We are advised that all units are currently
tenanted, producing a combined rental income of £3,600 per annum. This
represents an attractive investment opportunity with an established and
immediate income stream in place.

Rental Income

1. Single garage - £840 per annum

2. Single garage - £840 per annum

3. Single garage - £840 per annum

4. Double garage - £1,080 per annum

Total Income £3,600 per annum

Yield

18 % yield based on a guide price
of £20,000

Auction Guide Price

£20,000+

Viewing

Strictly by appointment through this office.

Tenure

Freehold

Viewing

Strictly by appointment through this office

Auction

Live online auction, bidding starts Thursday 26th February 2026, terms and conditions apply, see website