Garage 5, 28 Braidley Road, Bournemouth, Dorset, BH2 6JX

Description

A Vacant Single Storey Lock Up Garage. The property comprises a single storey lock up garage.

Location

The garage is situated on a residential road close to local shops and amenities. The open spaces of Bournemouth Beach are within easy reach. Transport links are provided by Bournemouth station rail station.

Tenure / Property Information

Investment Analysis

The £5,000+ guide is the only garage-specific price evidence supplied. The Land Registry comparables are leasehold flats/maisonettes and are not suitable evidence of garage value. No garage sale comparables, rental evidence, service-charge information, ground-rent information or legal-pack disbursements are supplied. The lease has approximately 62 years unexpired, which may affect value and mortgageability.

Investment Snapshot

Strategy Recommendation

Only consider as a cash purchase for personal parking or storage use after reviewing the lease, title, access rights, charges and legal-pack disbursements. Do not bid for an investment strategy without verified garage value and income evidence.

Works Required

No works are evidenced beyond any basic cleaning or inspection that may be required. The garage is described as vacant and single storey, but its condition, access, security, services and repair requirements are not provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the available evidence. There is no evidence of achievable rent, refurbishment value, financeability or refinance value, and the approximately 62-year lease may restrict refinancing options.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The known guide plus £1,800 buyer administration charge would be £6,800 before any disbursements or other legal-pack charges, but rent, service charges and ground rent are unknown.

Flip Analysis

A flip appraisal cannot be established. No garage-specific GDV or resale comparables are supplied, while the available sold evidence relates to flats/maisonettes and is not applicable. Unknown disbursements and the lease length add uncertainty.

Investor Risks & Due Diligence

• Approximately 62 years remain on the lease, which may reduce value and mortgageability.

• The £1,800 administration charge is payable, with possible additional disbursements and other charges referred to in the legal pack.

• No garage-specific sold comparables are supplied.

• No reliable rental evidence is supplied, so investment yield cannot be calculated.

• Access rights, service charges, ground rent, repair obligations and other lease terms are not provided.

• The garage is vacant, but its condition, security and suitability for the intended use are not evidenced.

Recommendation

Only consider as a cash purchase for personal parking or storage use after reviewing the lease, title, access rights, charges and legal-pack disbursements. Do not bid for an investment strategy without verified garage value and income evidence.

Strategy Rating

Analysis Confidence

The property description, guide, tenure and administration charge are supplied, but there are no relevant garage comparables, rental evidence, condition details, service-charge or ground-rent figures, or quantified legal-pack disbursements.