From
£290,000
Property for saleClyde, East Tilbury, Tilbury RM18
About this property
42 x freehold garages (34 x let out on licences & 8 x vacant)
Same family ownership for many years
Asset management potential to increase the passing income via letting out the vacant garages
Erv once fully let £43,600 p.a. (would represent a 15.03% giy on guide price)
£6,815 held on deposit
Potential to break up the garages and sell off individually
6 week completion available
Investment let at £35,360 p.a. (12.19% giy on guide)
Auction Sale - 20/05/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A rare opportunity to purchase the freehold interest of 42 garages (34 x let out on licences & 8 x vacant). Instant asset management potential in letting out the vacant garages.
Investment let at £35,360 p.a.
Description
42 freehold garages situated in two separate opposing blocks within a total of 45 garages across both blocks.
34 of the garages are let out on quarterly licences with 8 of the garages currently vacant offering asset management potential to increase the passing rent by letting out the vacant space.
Location
The garages are situated on Coronation Avenue, within the established residential area of East Tilbury, Thurrock (RM18 8RY). East Tilbury railway station is approximately 0.6 miles away, providing regular services to London Fenchurch Street. The A13 is close by, offering convenient road access to Lakeside Shopping Centre, the M25 and central London. Local shops, schools and employment centres serve the surrounding residential catchment
Transport
East Tilbury railway station - National Rail services
Tenancy
Please refer to accommodation and Tenancy schedule
Accommodation
42 Garages
Mortgage calculator
£1,450 per month
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