Commercial investment. Block of four garages (3 single & 1 double). Fully tenanted, generating £3,600 annual rental income. Attractive 18% yield based on £20,000 guide price. Freehold asset with strong demand and easy access. 2.3 miles northwest of Newcastle City centre. Excellent investment opportunity.

Auction Guide Price £20,000+
Ref I393

Live Auction on Thursday 26th February 2026 - Option 1
For Sale by Auction. Terms and Conditions apply, see agentspropertyauction.com

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400).

Location
The garages are conveniently located on Bavington Drive in a well-established residential area of Newcastle upon Tyne. Positioned within a quiet neighbourhood, the site benefits from easy access to local roads, making it ideal for secure vehicle storage or general use. The surrounding area is predominantly residential, providing consistent demand for parking and storage solutions from nearby homeowners who may have limited off-street parking.

The garages are also within close proximity to local amenities, public transport links, and major routes connecting to Newcastle city centre, offering both practicality and accessibility. This location presents an excellent opportunity for investors or owner-occupiers seeking a straightforward, low-maintenance asset in a popular suburban setting.

Description
We are pleased to present this block of four garages to the market, constructed in traditional brick with flat roofs. The block comprises three single garages and one double garage, each benefiting from parking directly to the front.

We are advised that all units are currently tenanted, producing a combined rental income of £3,600 per annum. This represents an attractive investment opportunity with an established and immediate income stream in place.

Rental Income
1. Single garage - £840 per annum
2.     Single garage - £840 per annum
3.     Single garage - £840 per annum
4.     Double garage - £1,080 per annum

Total Income £3,600 per annum   

Yield
18 % yield based on a guide price of £20,000

Auction Guide Price
£20,000+

Viewing
Strictly by appointment through this office.

Tenure
Freehold

Viewing
Strictly by appointment through this office

Auction
Live online auction, bidding starts Thursday 26^th February 2026, terms and conditions apply, see website www.agentspropertyauction.com