LamieRobertson
Not awoke
Has anyone bought garages as an investment? Good investment?..I appreciate there are legal fees involved...getting a good ''tennant''..repairs etc.
Got something to say or just want fewer pesky ads? Join us... 😊
Investing in Residential garages
- Thread starter LamieRobertson
- Start date
Moshe Gariani
Well-known member
- Mar 10, 2005
- 12,071
FFS. Where will it end?
I have no real knowledge, but I do know that the ones near me don't stay on the 'market' for very long, so there must be a good market for it.
Must be like being a residential landlord, but lower values / returns I imagine. A lot of small businesses are after lock ups / garages.
Must be like being a residential landlord, but lower values / returns I imagine. A lot of small businesses are after lock ups / garages.
LamieRobertson
Not awoke
- Thread starter
- #4
Thank you for your reply...extremely helpful
desprateseagull
New member
Check it's not a leasehold- could get stuck with ground rent / 'service charges'..
Lincoln Imp
Well-known member
- Feb 2, 2009
- 5,964
Returns can be as good as a flat and apart from the door there isn't much a careless tenant can trash. Because a garage tenant doesn't depend on continued tenure in the same way that a flat tenant does he might be more cavalier about paying the rent.
The best area for a garage is one with expensive houses and no off road parking and that's usually reflected in the price.
The best area for a garage is one with expensive houses and no off road parking and that's usually reflected in the price.
HantsSeagull
Well-known member
I have one for sale in Kemptown if anyone is interested!?