Car Repair And Maintenance Business For Sale

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Status
FOR SALE
Advert ID
190902

Details

Independent garage, established over 15 years, looking after the motoring needs of the people of Manchester and all surrounding areas. Able to service, repair all makes and models of cars and light commercial vehicles and MOT class 4, 5 light and 7. Specialize in exhausts, clutches, tyres, MOT testing and general services and repairs.

Location
The premises are located on the A6, Stockport Road, which is a very busy route in and out Manchester City Centre.

Accommodation
The premises are arranged over ground floor only trading as Brantingham Auto Centre which provide the following approximate floor area:-

Ground Floor Sales 2,762 sq ft/256.68 sq m
13 car parking spaces.

Lease Terms
The current lease runs to 2040, rent reviews are due every 5 years with the next review due on 25/12/2020. The lease also incorporates 3% per annum compounded increases.

Rent
The current passing rental is £23,400 per annum exclusive equating to a rent of £8.47 per sq ft.

Premium
The tenant is seeking to assign the lease for a premium with a guide price in the region of £185,000.

Service Charge
A service charge may be payable. Further information on request.

Rates
From verbal enquiries we understand the premises are assessed for rates as follows:-
Rateable Value (April 2017) £12,000
LA reference 3013611

Interested parties are advised to make their own enquiries with the Local Authority (Tel: 0161 234 5000).

Costs
All figures quoted are subject to VAT where applicable. The ingoing party is to be responsible for their own legal costs incurred in the transaction.

Viewing & All Enquiries
Appointments to view should be made strictly by prior appointment through Majid Zameer.
E-mail majid@zameero.com
Tel 01617868492 / 07545155032
Listing Details
Leasehold Price: £185,000
Tenure: Leasehold
Sector: Mot Businesses, Motor Businesses, Garage Businesses
Website: http:/
Financials
Annual Turnover: £350,000
Annual Net Profit: Available upon request
Key Features
  • Offers Invited
  • Large Business for Sale
  • Accounts Available
  • Company for Sale
  • Open Plan Trading Area
  • Prime Location
  • Price Reduced
  • Fully Fitted
  • With Car Park
  • Potential for Alternative Use
  • Close to Local Amenities
  • Attractive Business
Particulars / More Information
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