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Commercial Property for sale

Royal Way, Loughborough

£129,500

Property Description

Full description

BUSINESS FOR SALE. This is an excellent opportunity to acquire an existing car repair/service workshop and MOT centre. The premises are held on a leasehold basis and have the benefit of generous parking and an eaves height of 5.9m (19ft 4ins). All the workshop equipment is included in the sale and a purchaser can have the benefit of uninterrupted business. The premises have a gross internal area of 362.9 sq m (3,907 sq ft) and include a reception area and an office. The premises are situated in an easily accessible location on the Belton Road estate close to Loughborough town centre.

Situation - The property is situated on Royal Way, a cul de sac off Belton Road West Extension, in an established and significant industrial area to the north of Loughborough town centre. The area is the main location for the major car dealerships in the town and also home to the likes of B&Q, Wickes, Staples and Aldi.
Travelling north from the town centre on the A6, turn right onto Belton Road (A6004) and then take the first left onto Belton Road West Extension. Royal Way is the first turning on the right hand side and the unit is at the end of the cul de sac.
Loughborough is a University town with a population of over 60,000 people and lying a short distance from Junction 23 of the M1 motorway. It also lies on the A6, a major road leading to Leicester to the south east and the M1 motorway to the north.
Loughborough University is a highly regarded establishment with a strong international reputation for sport and engineering.
The town has a main line railway station providing regular services to London St. Pancras. Loughborough also lies close to East Midlands Airport.
Major employers in the area include Loughborough University, Brush Traction, 3M Healthcare Limited and Charnwood Borough Council.

Description - The property comprises a single-storey, detached workshop of brick and concrete block construction with a pitched roof and concrete floor. The building has an internal eaves height of 5.9 metres and includes a reception, office and WC accommodation.
There is external parking for approximately 15 vehicles.

Accommodation - The building has a gross internal floor area, measured in accordance with the RICS Code of Measuring Practice, of 362.9 sq m (3,907 sq ft)

The Business - The repairing, servicing and MOT part of Dash Cars is being sold with the premises being subject to a lease. The car sales part of the business, which occupies adjoining premises, is not included in the sale but can be a potential source of income for the purchaser.
The combined business has a turnover in excess of £1 million and management figures relating only to the service and MOT part can be provided upon request.
Our client has health reasons for wishing of dispose of part of the business, wishing to reduce workload, and will be retaining the car sales operation.
Accounts cover the combined business but our client is happy to discuss the trading figures with seriously interested parties.

Plant And Equipment - A schedule of equipment is available on request but includes ramps, MOT testing equipment, diagnostic machines, a diesel and petrol analyser and wheel changer. The equipment is all included in the sale price.

Lease - A new lease on full repairing and insuring terms has been negotiated with the current Landlords at a rent of £20,000 per annum.

Price - A price of £129,500 is being sought for the goodwill and equipment.

Services - The property is connected to main electricity, gas, water and drainage services.
The services and utilities have not been tested and no guarantees can be given in respect of their condition or reliability.

Planning - The property has the benefit of planning permission for its present use. Interested parties are advised to make their own enquiries at Charnwood Borough Council on 01509 634570.

Business Rates - The property is described in the 2010 Rating List as Warehouse and Premises with a Rateable Value of £18,750.

Value Added Tax - VAT will not be payable in respect of this transaction.

Legal Costs - Each party is to be responsible for their own legal costs in respect of this transaction.

Energy Performance Certificate - Band G (Rating 209) A copy of the Certificate is available on request.

Viewings - Strictly by arrangement with Andrew Granger & Co on 0116 2429933. Contact Kevin Skipworth at email address kevin.skipworth@andrewgranger.co.uk

Stamp Duty Land Tax - Prospective purchasers are advised to make their own enquiries in respect of Stamp Duty.


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