Jackson Green & Preston says ..

Property Oracle says ..

This property in Grimsby, Lincolnshire, consists of a collection of garages/storage units situated on a plot of land. The location is in West Marsh, offering proximity to some local amenities like schools and community centers, but the broader area has its drawbacks, with property values showing inconsistency. The overall condition of the garages appears to be fair, though maintenance or modernization might be needed. The land area is a notable feature, offering substantial space. The list price of £60,000 for this type of property in this location is relatively low compared to nearby houses, reflecting the inherent differences in property type and investment opportunities. Potential buyers should conduct thorough due diligence, considering factors such as potential rental income, development prospects, and the associated risks before making an offer. The photos provided show that the property is not in pristine condition; however, the location and size of the land could attract buyers looking for a commercial investment or development project. The listed price seems reasonable for the particular type of property, but the overall investment potential depends heavily on the buyer’s specific intentions and market analysis. Additional information regarding the structural integrity of the building and the nature of existing leases, or other relevant commercial details, would enhance the property’s accurate evaluation.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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