JD Commercial Property Directory

GARAGE BUSINESS UNDERTAKING MOT’S, SERVICING, REPAIRS AND TYRE FITTING

 Established business with same ownership for the last 26 years
 Situated at the entrance to an established trading estate
 Prominent roadside trading location
 Workshop unit of circa 2,100 sq.ft (195 sq.m)
 Sold as fitted garage including MOT bay, service ramps etc
 Consistent turnover of circa £170,000, net profit £52,000
 Freehold or leasehold proposals considered by retiring owner

LOCATION

Great Torrington is a small market town with a large agricultural hinterland, situated approximately 7 miles to the south east of the administrative centre of Bideford and approximately 11 miles to the south west of the sub regional centre of Barnstaple.

THE SITUATION

The premises are situated at the entrance of the Town’s main trading estate known as Hatchmoor Industrial Estate.  The estate is located off Hatchmoor Road (B3227), and has a mix of industrial, workshop and storage users, as well as a nursing home facility that has been developed on the edge of the estate.

THE PROPERTY AND CONSTRUCTION

The premises provide circa 2,100 sq.ft (195 sq,m) of workshop and ancillary space, with brick work to all exterior elevations and a mono pitched profiled roof with approximately 10% translucent roof panels.  To the front of the premises are two roller shutter doors, two x personnel entrance doors and security bollards.  Internally the premises are fitted as a working garage business including MOT bay, rolling road, 1 x four post ramp, 1 x two post ramp, wheel balance, 2 x tyre changing machines, air compressor, mig welder, gas welder and assorted hand tools.

THE PROPOSAL

Our clients are inviting offers for the freehold or leasehold interest.  Leasehold proposals would be based on a new 10 year lease at a rent of £11,000 per annum

THE BUSINESS

Our client established the business 26 years ago and is now seeking a sale due to his pending retirement.  It is currently run by the owner with two full time members of staff.  Trading hours are Monday – Friday 8.30 am – 5.30 pm, Saturday 8.30 am – 12.30pm.  The last three years have showed a consistent turnover of around £170,000, with last year’s net profit providing over £50,000.  The main income is derived from MOT’s, servicing, repairs and the fitting of tyres for both private and commercial vehicles.

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, 1 x two post ramps, 1 x four post ramp, various motor trade equipment and a 2002 registration Renault long wheel base service van.

RATES

We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value: £ TBC Rates Payable: £ TBC based on uniformed business rate of 45.8p in the pound.   Occupiers may qualify for reliefs and are advised to make their own enquiries of Torridge District Council.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

WORKSHOP UNIT
GIA 2,100 sq.ft (195 sq.m)  MOT bay, rolling road, 1 x four post ramp, 1 x two post ramp, wheel balance, 2 x tyre changing machines, air compressor, mig welder, gas welder and associated trade equipment.  An office, store room and toilet facilities have been incorporated into the premises.

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