Investment Opportunity – Lot of 26 Rented Garages – 7.18% Gross Yield
For sale: a lot of 26 garages, all currently rented at an average of €80/month, generating an annual rental income of €24,960. Located in a high-demand rental area, the site is secured by a locked gate. Roofs and guttering have been recently redone. 15 garage doors remain to be replaced (quoted at €700 incl. VAT per unit) — a €10,500 discount is already factored into the sale price, allowing for potential tax benefits via property deficit.
Floors: approx. two-thirds compacted earth, one-third concrete.
2024 Property Tax: €5,145 (incl. €947 waste collection tax).
Sale Price: €347,150 incl. fees.
Gross Yield: 7.18%
Additional upside: install EV charging stations in 2–4 garages and multiply the rent by 2.5 to 3 times.
