AN investment opportunity with eight lock-up garages and an additional parking space in Yeovil is going under the auctioneer’s gavel.

The site next to 40 Alexandra Road is already let at £5,124 per annum and offers income potential of circa £8,736 per annum.

It has a freehold guide price of £55,000 to £60,000 in the fifth auction of 2022 by the regional land and property auctioneers Clive Emson.

Senior auction appraiser Audrey Smith said: “These garages are all located in a single, unbroken block in a mainly residential part of Yeovil.

“The lot also includes a parking space with potential for a store or an additional garage, subject to the necessary consents.

“Six of the garages are let and two remain vacant, and it is considered that the total income from the property could reach circa £8,736 at full market value.

“Lots of this kinds remain in demand from investors seeking to start or diversify their portfolio.”

The online auction ends on Thursday, July 28.

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