Garage for sale · LN11 8ES
The site comprises a former motor trade premises with a range of buildings situated on it, providing showroom, workshop and MOT bay space with a forecourt, car sales pitch and a former car wash, all sitting on a site extending to around 0.25 hectares (0.63 acres).
The main showroom building is of steel frame construction under a mono pitched roof and has a glazed frontage. The workshop space has roller shutter doors on the front elevation.
The forecourt areas have 7 display spaces and there are 25 car parking spaces on a gravelled surfaced car sales pitch.
In view of the long, prominent frontage onto Legbourne Road of around 65 metres (206 feet), in our opinion, this site offers potential for development for a variety of different uses, both commercial and residential, such as a Convenience food store, drive thru, retirement/assisted living and private housing, subject to securing the necessary Planning Permission for both commercial and residential uses.
Comprehensive property specifications
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The site comprises a former motor trade premises with a range of buildings situated on it, providing showroom, workshop and MOT bay space with a forecourt, car sales pitch and a former car wash, all sitting on a site extending to around 0.25 hectares (0.63 acres).
The main showroom building is of steel frame construction under a mono pitched roof and has a glazed frontage. The workshop space has roller shutter doors on the front elevation.
The forecourt areas have 7 display spaces and there are 25 car parking spaces on a gravelled surfaced car sales pitch.
In view of the long, prominent frontage onto Legbourne Road of around 65 metres (206 feet), in our opinion, this site offers potential for development for a variety of different uses, both commercial and residential, such as a Convenience food store, drive thru, retirement/assisted living and private housing, subject to securing the necessary Planning Permission for both commercial and residential uses.
Value & comps
See the income-based valuation, the cap rate, and a per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Computed once at least one cost line is on file.
Agent & docs
FAQ
About Burtons Garage Site, Legbourne Road, Louth, Lincolnshire, LN11 8ES
Explore nearby
