JD Commercial Property Directory

ROAD FRONTED GARAGE BUSINESS WITH FORECOURT SALES

 Established business for sale after 27 years
 Trade derived from servicing, repairs, MOT’s and sales
 Turnover of circa £375,000, net profit of circa £55,000
 Extensive road frontage
 Sold with owners 4 bedroomed dormer bungalow if desired
 Overlooking the Taw Estuary
 Planning permission for 4 bedroomed bungalow on garage site
 Services : Mains drainage, water and electricity including Three Phase

LOCATION

A361 / Link Road 3 miles, Barnstaple town centre 5 miles, Bideford town centre 5 miles

THE SITUATION

The premises are within the centre of Yelland village, fronting the B3233 which connects Bideford and Barnstaple.  Adjacent to the premises are the local Post Office and Stores as well as a bus stop.

THE PROPERTY AND CONSTRUCTION

The garage is of block construction under a pitched corrugated roof, with personnel and sliding door access to the front parking and forecourt area.  Internally the premises provide circa 2,500 sq.ft (232 sq.m), the front is which is used for car sales and the remainder for repairs, servicing and MOT’s, which is fitted with 2 x four post ramps, rolling road, MOT computer terminal, emission testers, tyre changers etc etc.

Adjacent to the garage is a four bedroomed dormer bungalow, with rendered elevations under a pitched slate roof.  The parking and forecourt area provides spaces for approximately 20 vehicles, which currently extends to the front of the garage and the bungalow.  Planning permission has been granted for a 4 bedroomed bungalow on the garage site, North Devon District Council application number 50507.

THE PROPOSAL

Our clients are inviting offers for the freehold interest of the bungalow, garage and business, alternatively offers for the garage and the business alone will be considered.

THE BUSINESS

Having operated the business for the last 27 years, our clients have established a significant trade with 2011 business figures showing a turnover of £375,000, an increase of £25,000 on the previous year.  Our clients estimate that the turnover is split 50 : 50 between servicing, repairs and MOT’s to car sales.  2011 show an abridged net profit of circa £55,000.  Further accountancy information will be provided to interested parties.

RATES

We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value: £8,600 Rates Payable: £3,724 based on uniformed business rate of 43.3p in the pound.   Occupiers may qualify for reliefs and are advised to make their own enquiries of North Devon District Council.

THE INVENTORY

The property is sold with the benefit of a detailed inventory of trade fixtures, fittings and equipment.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

GARAGE / WORKSHOP
73`4 x 35`1 (22.35 m x 10.70 m) GIA 2,555 sq.ft (238 sq.m) Personnel access door, sliding door, showroom area, workshop / garage area with 2 x four post ramps, MOT bay, sales office, suspended ceiling, ceiling hung lighting

OUTSIDE

To the front of the premises is tarmacadam parking for approximately 20 vehicles, which currently extends over the front of the bungalow.  The front parking area will be separated should interested parties wish to split the bungalow and garage premises.

OWNERS BUNGALOW

GROUND FLOOR

Hallway entrance

LOUNGE
13`11 x 11`7 (4.25 m x 3.55 m) Carpet, radiator heating, bay window

BEDROOM 1
14`6 x 9`7 to wardrobe (4.40 m x 2.90 m) Carpet, radiator heating, bay window, fitted wardrobe

BEDROOM 2
12`6 x 9`11 (3.80 m x 3.00 m) Carpet, radiator heating

BATHROOM
3 piece bathroom with heated towel rail, carpet, radiator heating

DINING ROOM
11`6 x 10`8 (3.50 m x 3.25 m) Carpet, radiator heating, cupboard storage

KITCHEN
Eye and base unit, sink unit with single drainer

CONSERVATORY
11`1 x 6`7 (3.40 m x 2.00 m)

FIRST FLOOR

BEDROOM 3
12`6 x 10`10 (3.80 m x 3.30 m) Carpet, radiator heating

BEDROOM 4
12`6 x 9`6 max (3.80 m x 2.90 m) Carpet, radiator heating

OUTSIDE

To the rear of the property is a garden, part of which provides a patio area with the remainder being laid to lawn with assorted flower beds.

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