This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Commercial Property for sale

Kenilworth

£799,995

Property Description

Full description

Tenure: Freehold

TRULY EXCEPTIONAL MOT SERVICE AND REPAIRS GARAGE
MOT class 4 / large covered work areas and secure vehicle storage
Advised turnover £457,943 PA with good gross profit returns
Situated in the beautiful town of Kenilworth, Warwickshire
Early interest and viewing is highly recommended
Solid trading history dating back to the 1930s
Sale price includes all fixtures and fittings
Leasehold or freehold opportunity
Excellent family business
Genuine retirement sale
FREEHOLD £799,995 or LEASEHOLD £299,995


Location
This exceptional business has an ideal trading location in the beautiful and historic town of Kenilworth which is situated in Warwickshire. The business sits on the town’s main through road which also couples as the high street. The Kenilworth Castle which neighbours the business is a major tourist attraction for the town and sees a large amount of visitors throughout the year. The garage benefits from being on a through road as there is a mass of passing motorists on a daily basis. The business also benefits from being situated close to the high street as it attracts a large amount of visitors and shoppers from throughout Warwickshire. Kenilworth is a very beautiful and highly desirable town offering a truly wonderful quality of life. The town has an excellent display of commercial shops, upmarket residential houses, good schools, NHS services, coupled with beautiful neighbouring open countryside and picturesque landscapes. The garage is ideally situated close to the UK motorway network having the M40 within 8 miles, the M42 within 9 miles, the M6 within 12 miles and the M45 which connects to the M1 within 15 miles which makes visiting and commuting very easy.


Business History
Meridian Business Sales are delighted to offer for sale this exceptional MOT, service and repair garage which has a proud history dating back to the 1930’s. The business has been owned and run by our client since 1992 and is only now being offered to the market due to his strong desires for retirement. The garage which is run and managed by our client with the assistance of staff achieves a very respectable advised annual turnover of £457,943. This is derived from offering first class general vehicle MOT, service and repair solutions to a wide range of clients throughout the year. Our client has worked exceptionally hard on building the business’ reputation with most of the customers being private individuals who have been visiting for several years. The business and property is exceptionally well presented and well equipped throughout with quality fixtures and fittings. Our client is very generously including all fixtures and fittings into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. This is without question an exceptional garage which has an excellent location and a very favourable client database. Meridian Business Sales would like to urge very early interest in this opportunity as garages of this calibre rarely appear on the market.


Financial Profile
Turnover: £457,943pa
Gross profit: 72%
Stock approximately: £3,000


Tenure
Freehold & Leasehold Option Available


Opening Hours
Monday to Friday: 8:30am - 5:30pm
Saturday: 8:30am - 12:00pm
Sunday: Closed


Accommodation
Well presented garage offering front/rear customer parking, reception/waiting area, large 2 part garage with MOT class 4 bay, 3 additional ramps and scissor lift, briefly comprising:

GROUND FLOOR
Front forecourt and customer parking area and secure private driveway to side and rear of property

Reception
Glass fronted reception with secure entrance leading to front customer seating/waiting area, fitted serving counter with computer systems and paperwork storage.

Management office with window views of reception seating 2-3 desks with chairs, computer systems and storage.

Garage
Roller shutter entrance to garage and a secure front door entrance leading to:

MOT class 4 bay with rolling road, perimeter tool storage and working space, 3 additional ramps and scissor lift.

MOT office with window view of the garage has computer system, paperwork storage, desk and chairs.

Part storage room with window view to garage, storage racking and heavy duty shelving.

Side additional roller shutter entrance.

Rear garage continuation building comprising of:

Male and female toilets

Staff area with dining table and chairs

Large storage space

Additional rear roller shutter entrance/exit

EXTERNAL
Front customer parking and forecourt for 6-8 vehicles.

Secure driveway to side and rear of property and side entrance to garage.

Rear open plan vehicle storage and parking.

2x MOT parking bays.

Open plan parking for 20-22 vehicles.


To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

How much will it cost me to call the number displayed on the site?

The cost of your call will vary depending on your landline or mobile phone provider and the number called. Please check with your network provider for potential costs.

Disclaimer

Property reference 2316. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.