Garages and Land Lying to the East of 22, Riverbank Close, MARCH, Cambridgeshire

Description

A block of four garages situated within an established residential area. Offered with full vacant possession, the property is considered suitable for investment, owner-occupation, storage or ancillary use, subject to any necessary consents.

Accommodation

Block of four garages

Location

The property is situated on Riverbank Close. Public transport links include March mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A141 and A47. Shopping amenities can be found locally within March Town Centre with an extensive range of shops, bars and restaurants being found in Peterborough City Centre. Recreational pursuits can be found locally at the open spaces of West End Park and the River Nene riverside walks.

Tenure / Property Information

Investment Analysis

The £25,000 guide is the only direct pricing evidence. The supplied Land Registry comparables are nearby residential houses, not garages, so they do not support a garage-specific GDV. The £800 pcm Rightmove figure is an advertised rent for unspecified March properties and cannot be applied to this vacant block of four garages. No supported valuation, garage rent, condition report or development consent evidence is provided.

Investment Snapshot

Strategy Recommendation

Treat as a speculative storage or ancillary-use purchase only after inspecting the garages and reviewing the legal pack, title, access, restrictions, consents and any seller fees. Do not rely on the supplied residential comparables or £800 pcm rent evidence.

Works Required

No specific works are evidenced. Confirm the condition, access, doors, roofs, services and any required repairs before bidding; any alterations or alternative use would be subject to the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable because there is no supported GDV, refurbishment budget, garage rent or refinance evidence. The known minimum stated acquisition outlay at the £25,000 guide is £26,800 including the £1,800 contract documentation fee, before any seller fees, works, finance or other costs.

Buy-to-Let Analysis

BTL analysis cannot be established because no passing rent or garage-specific rental evidence is supplied. The £800 pcm advertised figure relates to unspecified March properties and is not a reliable rent proxy for four garages.

Flip Analysis

A flip surplus cannot be calculated. The residential sold comparables are not suitable direct evidence for valuing a block of four garages, and no supported selling allowance or resale value is provided.

Investor Risks & Due Diligence

• Residential sold comparables do not directly evidence the value of the garage block.

• No garage-specific rental evidence is supplied, so income and yield cannot be established.

• The seller may charge additional completion fees under the special conditions.

• Alternative use or alterations may require necessary consents.

• Condition, access, services, parking arrangements and other property details are not supplied.

• The property is offered at auction and the legal pack and special conditions require review.

Recommendation

Treat as a speculative storage or ancillary-use purchase only after inspecting the garages and reviewing the legal pack, title, access, restrictions, consents and any seller fees. Do not rely on the supplied residential comparables or £800 pcm rent evidence.

Strategy Rating

Analysis Confidence

The guide price, tenure, vacancy, documentation fee and general description are supplied, but there is no garage-specific valuation, rent, condition, works budget, consent information or complete fee schedule.