Car Dealerships for sale in Ilkeston

View the "ILKESTON - Property Portfolio Of 8 Units" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Freehold Price: £775,000 Leasehold Price: £100,000
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Business Description
8 Retail Units & A Motor Factors Unit
Motor Factors Annual T/O £295,000
Annual Rental Income £40,000+
Potential To Increase Rental Income
Rent Potential For Motor Factors Prop
EPC - C (All of EPCs available on request)

Blacks Brokers are delighted to bring to the market this well-established motor factors business alongside a portfolio of eight additional industrial rental units with an impressive combined revenue stream located in Ilkeston, Derbyshire.

The business is situated at The Ropewalk off Station Road in Ilkeston. The business has been trading since 1970 and over that period, this family run business, has obtained an enviable reputation within the industry. The business, and the additional industrial units that generously create multiple flows of income for the owner, are only being offered for sale due to forthcoming retirement plans and therefore this has created an exceptional opportunity for a new owner to benefit from this highly lucrative proposition.

The business supplies paint and refinishing materials for cars, commercial and industrial applications in addition to selling associated tools and equipment. The business has been trading for many years and over that time it has gained a regular and loyal client base. The trading figures for the business show healthy profits and a consistent and solid trading heritage all verified with accounts. In addition to the profitable income generated by the business, this particular proposition is offered with a portfolio of industrial units spread over two locations. Rental income is generated from 8 additional units, 6 at The Rope Walk and an additional two units on Spa Road. Collectively they generate an impressive £40,000 on commercial leases and add an extra dimension to the whole proposition. To add to the propositions appeal yet further, it has been arranged that a senior member of the management team will stay on at the business, this provides additional flexibility for an investor to purchase the proposition and be positioned away from the business itself broadening its appeal.

This is a flexible proposition featuring a business that has traded over 5 decades with an impressive portfolio of industrial units generating good profits and multiple flows of income from its investment properties. The business itself has a management infrastructure in place that will facilitate a seamless handover and offer continuity for its client base ensuring a stable acquisition. It is extremely rare for a proposition of this flexibility and profitability to become available on the open market and therefore early viewings are advised as a speedy completion is anticipated.

Fixtures:
Shelving Units

Van
Tenure: Freehold, Leasehold

Location Details: Ilkeston

Leasehold Term: Rent: N/A Freehold

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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