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Garage for sale

Gallway Motor Company, Holmpark Industrial Estate, Newton Stewart, DG8

1 sq. ft.

Property Description

Commercial information

  • Business for sale

Key features

  • Boast easy access to the town centre and to the A75, which runs from Dumfries to Stranraer
  • Newton Stewart is known as the Gateway to the Galloway Forest and is a desirable place
  • T/O: 175,000 GP: 40%
  • Represents an ideal opportunity to acquire a thriving garage services business with letting units

Full description

Tenure: Freehold

Galloway Motor Company occupies substantial freehold property in a prominent location at the entrance of a popular industrial estate in Minnigaff, Newton Stewart, Dumfries and Galloway. The premises boast easy access to the town centre and to the A75, which runs from Dumfries to Stranraer. The area is popular with tourists, who flock to the region for its wealth of activities and attractions. Newton Stewart is known as the Gateway to the Galloway Forest and is a desirable place in which to live and work. Stranraer lies approximately 26 miles to the west, while Dumfries is approximately 52 miles to the east.

Business History
Preferred Commercial is delighted to offer for sale this popular garage and investment units, which were built by our clients in 1984 and which are only now being offered to the market due to our client's wish to retire. Our client occupies one unit with his thriving vehicle repair and service business, while another unit is currently let out to a tyre services business. There is also a vacant car showroom, which could be used by a new owner or let out to generate a steady income. Galloway Motor Company is currently run at a pace to suit our client and generates a turnover in the region of 175,000 per annum with a gross profit of 40%. A new owner could increase the turnover by perhaps, applying to carry out MoT testing, offering car sales in the vacant showroom. The premises would be suitable for use by a new car dealer franchise, for used car sales or other uses such as camping and outdoor equipment supplies. We are advised that the whole site has planning consent for retail use. This represents an ideal opportunity to acquire a thriving garage services business with letting units. Early discussions with Preferred Commercial must come highly recommended.

Financial Details
T/O: 175,000 approx.
GP: 40%

Opening Hours
Mon - Fri: 8.00am - 5.00pm
Sat: 8.00am - 2.00pm
Sun: Closed

Accommodation Details
Detached industrial units extending to approximately 7,700 sq ft. Briefly comprising:

Unit 1
Workshop with 1 x 4-post ramp, 2 x 2-post ramps, rolling road test cell, tyre fitting equipment, a variety of equipment and hand tools
Customer WC
Staff canteen area
Staff WCs
Separate store room, previously used as spray booth
Office with customer waiting area, desk, computer and seating
Mezzanine machine shop with milling machine, lathe, drills and work benches
Mezzanine office with desks, filing cabinets and computer

Unit 2
Showroom with capacity for approximately 6 vehicles
Portable office pod
Potential income of 15,000 per annum, ideal for a variety of uses such as large convenience store, camping and outdoor equipment supplies etc.

Unit 3
Letting unit, currently let to a blue chip Scottish company for approximately 20,000 per annum (increase in 2012 to 25,000 per annum)

Secure compound, 31mtr x 24mtr approx, with capacity for up to 40 vehicles
Parking to front and side for approximately 30 vehicles

Advised freehold

Leasehold option considered

Energy Performance Certificates (EPCs)

Map & Street View

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