Investing in Residential garages

[LamieRobertson]

Has anyone bought garages as an investment? Good investment?..I appreciate there are legal fees involved...getting a good ''tennant''..repairs etc.

 

[Moshe Gariani]

FFS. Where will it end?

 

[Springal]

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.

 

[LamieRobertson]

FFS. Where will it end?

Thank you for your reply...extremely helpful

 

[desprateseagull]

Check it's not a leasehold- could get stuck with ground rent / 'service charges'..

 

[Lincoln Imp]

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.

 

[HantsSeagull]

I have one for sale in Kemptown if anyone is interested!?