Motor Related Property for sale in Torquay

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Leasehold Price: £35,000 Under Offer Annual Turnover: £147,500
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Business Description
£35,000 + SAV Leasehold Business For Sale
Unit 3,Barton Road Industrial Units
Barton Road

• Purpose Built Modern Light Industrial Unit
• Full Height Sectional Up And Over Door
• Separate Personal Entrance Door
• Designated Parking For 4 Vehicles
• Assignment of Existing Lease
• Rent: £10,750.00 per annum exclusive ( Under review)
• Rates Payable: Approximately £5,400.00 for the current 2016/2017 year

An excellent opportunity to acquire a profitable Tyre & Exhaust/Motor Trade Workshop as a going concern in a purpose built modern light industrial unit, situated in a great and convenient trading location

Situated on the Barton Road Industrial Estate, just off Barton Road in Torquay, the business has been established for many years, acquired by our client back in August 2010 and for sale now due to ill health. Full Trading Accounts available to genuinely interested applicants following a formal viewing providing a healthy turnover and net profit to working owners

Details of the accommodation and approximate internal dimensions are as follows:

• Approximately 17.5 metres x 8.8 metres x 5.15 metres (58' x 29' x 17'3") or 1,660 sq ft
• Full height sectional up and over door
• Reception Office approximately 3 metres x 3 metres (10' x 10)
• Separate Personnel entry door
• W/C Cloakroom
• Separate small kitchenette with
• Fluorescent lighting throughout
• Electric light/ lamp heaters
• Translucent roof lights
• Rubberised flooring to main workshop area plus painted concrete to rear
• Extensive inventory of trade equipment & stock
• Schedule of fixtures and fittings to be provided

To the rear and side of the premises is alock-up container for additional storage facilities.

We are informed by our clients that turnover for the current year is £147,500 with a highly profitable adjusted net profit.

F Rated and attached

9 Years FRI Lease from 19.08.2010 with 3 yearly Rent Reviews inside the security provisions of the Landlord & Tenant Act. We have spoken to the Landlord who is prepared to offer the ingoing tenant a new lease if required

Current Rent £10,750.00 per annum exclusive ( Under review )

Business Rates
Rateable Value: £11,250.00
Rates Payable: £5,400.00 for 2016/2017 financial year, subject to status and small business rate relief

£35,000.00 plus stock at valuation

Lease Set Up Costs
Ingoing tenant is to give an undertaking through solicitors to make a contribution of £350 + VAT towards our clients legal costs in the event of abortive negotiations

By prior appointment with the Vendor's Agent, Winfields Commercial 01803 312 502
Tenure: Leasehold

Location Details:

Unit 3
Barton Road Industrial Units
Barton Road

Leasehold Term:

Renewable 9 Year lease within 1954 Landlord Tenant Act held on an FRI lease.

Downloadable Documents

Listed by: Winfields Estate Agents Ltd
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