Garages for sale in London

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London, England

  • Leasehold Price: £110,000  Price Reduced arrow_drop_down
Seller Reference: PAX010543362
Business Description
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Seller Reference: PAX010543362
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Business Description
35 Years well established garage serving the local community in North London. Fully equipped garage with all services under one roof, including tyre bay and fully equipped body repair shop with latest spray booth.

The garage was recently fitted to very high standards. This includes the latest One Man MOT bay for Class 4, 5 (including Ambulances & mini buses) and class 7 vans. Fully equipped newly fitted Car body repair/Crash repair centre, Tyre Bay/quick fit centre and 4 poster ramps (3 x 3 tons + 1 x 5 tons) lifts. Very spacious garage, high entrance door to repair high roof commercial Luton vehicles. Very attractive and clean large customer reception and waiting area, separate customer toilets, staff rooms, 2 separate large offices, large storerooms. Existing vacant rooms may be converted to staff accommodation or rented as office space or storage space. The space could also be run as a second Amazon parcel distribution business using garage to maintain vehicles and using empty storage areas to store the goods.

Added advantage in this garage is the ability to work on class 7 commercial vans, trucks, Class 5 mini coaches up to 16 seaters. We had a long term contract to repair passenger transport mini buses with an annual turnover of £250,000 from one account. This contract ended 3 months ago. New owner may seek new contracts for large commercial vehicle repairs. There is more room to improve the business and add more new trade / commercial repair contracts with similar companies. Areas around Barnet, Hadley wood, Totteridge Village and other affluence areas nearby for new business opportunities.

There is also a regular customer base in the local area. Retirement and quick sale due to change in personal circumstances. Over 20 year lease with 13 years remaining.

Garage valued for £260,000.

Open to offers in the range of £110,000 for a quick sale.

This is heavily reduced to sell. This sale includes all fixtures and fittings and existing equipment including diagnosis machines and an existing small tyre stock.

There are MOT 2 marked MOT parking bays plus 11 parking bays plus 5 on the side of the building. More parking off street on non yellow line access road.

Only serious buyers please contact 07903831130.

Current Rent £72,700 pa

Business rate- £22,000 approximately Business rates reduction announced in the budget 2018 will reduce the business rates from 2018/19 further.

We previously rented the body repair shop for £36,000. Unless the new owner want to manage all areas, renting body shop can half the rent of this premises.
Trading hours:
8.30am to 5.30pm Monday to Friday 8.30am to 1.00pm Saturday
Number of employees:
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