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Excellent Development Opportunity in City Centre Location

Hull, Kingston upon Hull, England

  • Freehold Price: £249,950  Price Reduced arrow_drop_down
  • Turnover: £135,000
  • Gross Profit: £64,800
Seller Reference: 1646 F
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 1646 F
Request Details
Business Description
Business
***Potential Development Opportunity***

80% of the same road has been converted into residential dwelling. Hull City Council have just pledged to deliver 60,000 properties in the city centre.

Hilton Smythe welcomes to the market this exciting development opportunity. Currently run as a garage, this fully equipped repairs service has been established since 1950 and under the careful control of our client for some 30 years. However our client advises that the business is slowly winding down, therefore opening up the potential for the site to be used for alternative purposes if required.

The business has immense development potential, and benefits from being situated in a densely populated residential area with good links to the major road networks.

We are advised that within the area, plans are in place to build around 60,000 residential dwellings, with the potential for the business to take advantage of this future development.

Vehicle Protection Services provides a comprehensive professional service including servicing, repairs, welding, rust proofing, under sealing, engine tuning, diagnostic services and MOT’s. All work is carried out by highly skilled mechanics to exacting standards.

The business has a fantastic reputation and is very well supported by local residents and businesses with much repeat trade including regular custom from the local police, security companies and car dealers and benefits from a monopoly trading position within the city centre.

The large workshop is very well presented with high quality equipment installed, providing bays for up to 11 vehicles.

We are advised that the business is now benefiting from being added to the panel to carry out Mot`s on behalf of the Humberside Police Department.

We believe this profitable business would benefit from an injection of marketing and advertising. In particular establishing a website to further promote awareness of the business to new clients to build upon the already solid client base and to further increase turnover.

Early viewing of this clearly sustainable turn the key business is highly recommended.

Location
Vehicle Protection Services operates from a fully fitted workshop on Wright Street in the heart of Hull City Centre in the East Riding of Yorkshire.

Hull stands on the River Hull at the junction with the Humber Estuary, 25 miles inland from the North Sea. The city has a population of circa 256,100 and has served as a market town, military supply port and a trading hub.

During the early 21st century the city saw large amounts of investment in retail and commercial construction. Today, Hull is an established tourist destination with attractions including the historic Old Town and Museum Quarter, Hull Marina and The Deep Aquarium.

As you would expect the city has excellent road transport links with the main road in and out of the city being the M62 and A63 road. Hull Paragon Interchange opened in 2007 being the cities transport hub combining the main bus and rail terminal providing public transport services throughout the city and out to neighbouring towns and villages.

Premises
This brick and steel building briefly comprises:

Large workshop area for up to 11 vehicles.

Workshop with office space, customer waiting room, store room, newly installed wash area and toilet facilities.

MOT bay, 4 post ramp, diagnostics centre, four post service ramp, two post service ramp, compressor, Mig welder and gas welder.

Access is through an archway from the main street. There are two private parking spaces available in a courtyard area and street parking to the frontage.

The premises have had a new steel roof fitted within the last 12 months.

Tenure
We are advised Freehold

Hours
The business opens:

Monday to Saturday 7.00 am - 5.30 pm

Sunday Closed

Staff
The business is owner run and managed with the assistance of two full time qualified MOT Mechanics.

Financial Profile
The business reports a turnover of £135,000 with reported gross profit at £64,800.

Tenure:
Freehold
Listed by:
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