JD Commercial Property Directory

ESTABLISHED GARAGE BUSINESS WITH MOT BAY, SERVICING RAMPS AND FORECOURT SALES

 Established garage premises, 10 years same ownership
 MOT bay, rolling road, 3 x ramps and trade inventory
 Prominent roadside trading location
 Workshop unit of circa 3,196 sq.ft (297 sq.m)
 Forecourt for approximately 15 vehicles
 Located on the same site as petrol forecourt and Spar shop
 Turnover of circa £165,000
 Suitable for expanding business / first self employed motor trade venture

LOCATION

The subject property is situated on the A361 road connecting Barnstaple / Braunton to Ilfracombe.   The premises are adjacent to the prominent roadside Knowle Garage petrol sales forecourt and Londis Convenience Store.

THE PROPERTY AND CONSTRUCTION

The business trades from a workshop unit with a gross internal area of circa 3,196 sq.ft (297 sq.m) which includes a servicing / sales office, store room and toilet facilities.  The unit has an aluminium / glass roller shutter door to the front, giving access to the workshop area which is fitted with an MOT station, 2 x 2 post ramps, 1 x 4 post ramp, tyre changer, wheel balancer, spring compressor, 12 tonne press, parts washer, engine crane, steam cleaner, 2 x compressors, benches, grinders, vices and associated equipment.  To the side of the unit is a forecourt area for the display of approximately 15 vehicles, it is important to note that this area fronts the A361.

THE PROPOSAL

Our clients are inviting offers for the leasehold interest.

THE LEASE

Being an assignment of the existing 20 year lease, from 1st January 2005, at the current rent of £19,200 per annum, including business rates.

THE BUSINESS

Our clients have been trading from the premises and site for approximately 10 years in which time they have built a meaningful trade, with the turnover last year being £165,000, split between £95,000 vehicle work and £70,000 sales, including AA warranty, intervention and repair work.  The business is currently operated by a father and son 2 additional members of staff, one of the owners is looking to retire which is the reason for the sale.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with the benefit of a detailed inventory of trade fixtures, fittings and equipment including MOT station and rolling road, 2 x 2 post ramps, 1 x 4 post ramp and various motor trade equipment.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

WORKSHOP UNIT
74`11 x 42`8 (22.85 m x 13.00 m)
GIA 3,196 sq.ft (297 sq.m)  MOT station, 2 x 2 post ramps, 1 x 4 post ramp, tyre changer, wheel balancer, spring compressor, 12 tonne press, parts washer, engine crane, steam cleaner, 2 x compressors, benches, grinders, vices and associated trade equipment

SALES / SERVICE OFFICE
Counter servery and waiting area

STORE ROOM
With shelving and compressor

TOILET
Low level w.c., wash hand basin, hot water heater

OUTSIDE
There is a road fronted sales forecourt area with space for approximately 15 vehicles.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk