Garages - an Excellent Investment
Garages are an excellent entry level investment with single units providing an income of up to £150pcm in Central Areas alongside increased competition from individual residents feeling the added pressure of Parking in the City with the introduction of the new RPZ scheme. There is always the added bonus of garage ranks sites being able to gain planning permission for development providing a potentially lucrative exit plan for your investment. We sell a wide range of single, double and tandem garages as well as ranks of up to 100 units to private individuals and investors alike.
What is the best way to sell my garage(s)?
There is always a keen interest from buyers in garages and Hollis Morgan is well equipped to advise you as to the best route to maximise the final sale price.
- Public Auction – Our recommended method to achieve the very best possible price - an intense marketing period followed by a public auction with the fall of the gavel at a successful auction, not only, establishing the final sale price but the fall of the gavil is an automatic exchange of contracts.
- Tender – Ideal for larger sites with planning potential where developers may respond better to more flexibility and privacy.
- Private Treaty - Quoting a price and negotiating a sale – this works particularly well if you have special interest purchasers such as neighbours seeking parking for individual units or if the garage provides access to a landlocked site.
Why Hollis Morgan?
We are looking for garages from single units to ranks of 100 across the West Country. Whilst the majority of our contacts are based in Bristol and North Somerset we have a mailing list of over 15,000 local, national and international buyers.
We are interested in all opportunities however large or small - for a free appraisal.
View a summary of previous successful sales – we have clients ready, willing and able to purchase these types of opportunities.