Land for sale

Horace Avenue, Romford RM7

For sale by auction 29th October 2026 at 12:00 £147,500 Plus

freehold site with nine lock up garages and development potential producing £15,720 P.A.

Location & Description
The asset comprises a freehold site extending to approximately 0.11 acres (445 sqm) upon which are situated nine lock-up garages. Vehicular access is provided via the driveway between Nos. 3 and 5 Horace Avenue, with a secure gated entrance providing additional security for occupiers. Each garage extends to approximately 128 sqft (11.8 sqm) internally and has benefited from recent improvements including replacement Hormann metal up-and-over doors together with new metal roofs, reducing the likelihood of immediate capital expenditure for a purchaser. Based upon the information provided, each garage is currently let under a garage tenancy agreement, with vacant possession capable of being obtained by serving three months' notice where required, offering purchasers flexibility for future asset management or alternative use, subject to the relevant consents.

Tenancy Details
Garage One - rent paid quarterly at £435
Garage Two - rent paid quarterly at £435
Garage Three - rent paid monthly at £150
Garage Four - rent paid quarterly at £420
Garage Five - rent paid quarterly at £450
Garage Six - rent paid monthly at £150
Garage Seven - rent paid quarterly at £450
Garage Eight - rent paid quarterly at £420
Garage Nine - rent paid quarterly at £420

Note
Auction Surveyor: Bryn Nettle
Contact:

Nine let garages with management and development potential (subject to planning) on site of approximately 0.11 acres