Garage in Brighton for sale – for £110,000

26/06/2013

Garage rear of Embassy Cour

Is this the city’s most expensive garage?

The modest looking lockup is probably in need of a lick of paint and could perhaps do with a thorough clean up.

But in this instance, looks can be deceptive.

The garage in Kings Road, Brighton – and its parking spaces – is set to sell at auction next month for a guide price of £110,000 leasehold.

The lot has been described as a “garage and workshop and store” that measures 1,000 square feet, with “possible development potential” or “ideal as a storage facility”.

The auctioneers are keen to highlight the garage’s close location to the seafront and nearby Western Street’s “comprehensive shopping facilities and amenities”.

But the seemingly high price shouldn’t be sniffed at, according to Alex Mackay, of  Mishon Mackay in Brighton, said he expected the garage to sell for more than the guide price.

He said: “At first glance it sounds like a lot, but it’s an interesting piece of real estate.

“I think it will sell for more than £110,000 due to the fact a single garage in that area would cost around £25,000.

“In this one, you’d be able to house around five to seven cars.

“So if you had a car collection, for example, and wanted to house them in a great location, you’d be saving money compared to buying individual garages.

“I don’t think it has any development potential though as there’s a building above it. But certainly for storage or a workshop, it’s ideal.”

The garage isn’t the first piece of seemingly exorbitantly priced property to have gone under the hammer in recent years.

In 2011, a garish green garage in Kemp Town sold at auction for £105,000, while last year a single car parking space fetched a cool £24,000.