A long established business which our client is reluctantly offering for sale for the reason of retirement after more than thirty years of profitable trading on an all year round basis and with good levels of repeat business. Trade includes tyres, exhausts, batteries and brakes with the business run by the owner and assisted by his wife (on a part time basis) and with two additional full time members of staff. It is our opinion that there is scope to expand the business to possibly install an MOT test lane subject to any necessary consents.
The sale would include an extensive inventory of trade fixtures, fittings and equipment. Also included are a liveried vehicle and the existing CAM computer software programme and license which is a bespoke system and particular to this specialised trade.
The sale would include the Property (Title No NK64002) which is held on a Long Leasehold basis for 99 years from 1985. The property is a prominent corner unit with forecourt parking. The versatile building has a vehicle entrance door approximately 3m wide by 3.6m high. It has a reception office with further office over and an open plan workshop with eaves height to underside of 4.4m extending to 6.9m at the pitch.
•Long established business
• Strong profit margins
• Scope to expand the business
• Ground Floor - 216.8m2 / 2,333ft2
• First Floor Office - 11.1m2 / 119 ft2
The property occupies a prominent corner location at the junction of Baker Street and Bells Marsh Road and which is diagonally opposite to a Morrison's supermarket. Bells Marsh Road is parallel to Riverside Road and which has seen much recent building of river front apartments.
The property is owned on a Long Leasehold basis for a term of 99 years less 10 days from the 26th of July 1985 and is subject to a current annual ground rental of £400.