Lee Warner Avenue

Fakenham

£85,000

Tenure: Freehold

Ref: FKM108375

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12 garages
Vacant possession
Brilliant r.o.i potential
Future development potential (stpp)
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in detail

Council Tax Band: Contact branch

Tenure: Freehold

An exciting and rare chance to acquire 12 garages located in the sought-after Norfolk town of Fakenham.

The garages are arranged in two blocks - one comprising eight units and the other four units - and are being sold with vacant possession, offering immediate flexibility for the buyer.

This investment offers strong income potential. At a rental rate of £80 per calendar month (pcm) per garage, the projected annual income stands at £11,520. Based on the purchase price of £85,000, this equates to an impressive gross return on investment of 13.55%.

There may also be future development potential, subject to securing the necessary planning permissions - making this a versatile opportunity for both investors and developers.

For further information or to arrange a viewing, please enquire within the branch.

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Interested in this property?

William H Brown, Estate Agent in Fakenham

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Royal Oak House 18 Oak Street
FAKENHAM
Norfolk
NR21 9DY

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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE.
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**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.

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