What's it worth? (Garage)

weeveetwin · 07-Jan-2006, 12:53

Hi guys

I've been without a garage for over a year now, and it's driving me mad! Bikes are kept at my sister's, so I can't 'twiddle' with them at all. I haven't even seen them for three months! (..and I can't wait to strip my 888 down to the bones for a rebuild).

Anyway, I've found a garage for sale reasonably locally, and wonder what I should pay for it. It looks very well made (thick walls/strong roof tiles) and comes with a sentry post at the entrance. The guy's open to offers. Anyone have any ideas what it's worth? It looks practically brand new, and it's as dry as a bone. The driveway comes with the price, but not the surrounding grounds.

It's internal dimensions are..
Length = 17ft.
Width = 9ft.
Door = 7ft (up and over type)

Here's a few photos.
Cheers
Steve

weeveetwin · 07-Jan-2006, 12:57

Here's another..

twpd · 07-Jan-2006, 12:59

I'd offer you room in my garage and use of my facilities but, I have 7 bikes in it atm and not enough room to swing a cat! lol.

As for the value of the garages...haven't a clue... sorry.

weeveetwin · 07-Jan-2006, 13:00

Inside..

weeveetwin · 07-Jan-2006, 13:02

Last one..

twpd · 07-Jan-2006, 13:03

Looks good. How close is it to you and does it have power. I'd not be too keen on putting my bikes in a garage away from me without any power to drive an alarm etc.

weeveetwin · 07-Jan-2006, 13:20

Hi twpd

It's about 8mls from me, and no it doesn't have power. (I'll be fitting lights/power sockets, and running them from a generator). As for security, it'll make Fort Knox look vulnerable by the time I'm done with it! (..there's another grand spent then!!) A heavy duty battery will have to do for the alarm though.

twpd · 07-Jan-2006, 13:33

Won't that bugger up your insurance? I'd have thought your insurance company wouldn't be too happy - might be a good idea to check with them first and to see if you can get additional cover.

Good luck m8!

Chris Wood · 07-Jan-2006, 13:49

I'd go for a long term self storage facililty, lots of garages inside a massive one if I had the option, lots of them around to check out, limited as to what 'work' you can do on them though?

not sure I'd sleep easy being 8miles away....

philthy · 07-Jan-2006, 13:53

Steve

Is it a buyer is responsible for dismantling and removal from site? How will you remove the drive in one piece?

Only kidding

A garage like that would cost £3000? to build - land £1000 and potential rent at £250 per year= £5000? + solicitors fees

My concern would be what is surrounding the garage. It looks like it's in the garden of a house. What happens if the house is sold and the purchaser is a thieving murderous drug dealer and turns the house into a brothel?

Could this be a potential disadvantage to owning the garage ( Or an asset? )

Something to think about though. Also is it in a ' nice area ' or are you vulnerable to thieves who will know that you are not 'on the premises'.

Phil

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07-Jan-2006, 12:57	#2
weeveetwin Registered Forum User 500SD Posts: 779 Join Date: Apr 2004 Location: Wearside Here's another.. Reply

07-Jan-2006, 12:59	#3
twpd Deceased 02/10/2010 - R.I.P. Ducati Corse Posts: 3,170 Join Date: Feb 2002 Location: Darlington, Co. Durham Mood: NGRRC Minitwins champion 2007 I'd offer you room in my garage and use of my facilities but, I have 7 bikes in it atm and not enough room to swing a cat! lol. As for the value of the garages...haven't a clue... sorry. Reply

07-Jan-2006, 13:00	#4
weeveetwin Registered Forum User 500SD Posts: 779 Join Date: Apr 2004 Location: Wearside Inside.. Reply

07-Jan-2006, 13:02	#5
weeveetwin Registered Forum User 500SD Posts: 779 Join Date: Apr 2004 Location: Wearside Last one.. Reply

07-Jan-2006, 13:03	#6
twpd Deceased 02/10/2010 - R.I.P. Ducati Corse Posts: 3,170 Join Date: Feb 2002 Location: Darlington, Co. Durham Mood: NGRRC Minitwins champion 2007 Looks good. How close is it to you and does it have power. I'd not be too keen on putting my bikes in a garage away from me without any power to drive an alarm etc. Reply

07-Jan-2006, 13:33	#8
twpd Deceased 02/10/2010 - R.I.P. Ducati Corse Posts: 3,170 Join Date: Feb 2002 Location: Darlington, Co. Durham Mood: NGRRC Minitwins champion 2007 Won't that bugger up your insurance? I'd have thought your insurance company wouldn't be too happy - might be a good idea to check with them first and to see if you can get additional cover. Good luck m8! Reply