Garage for sale

Richmond, North Yorkshire, DL10

Leasehold 199 sq. ft. | £124,995

Property Description

Commercial information

  • Business for sale
  • 199 sq ft (18 sq m)

Key features

  • REF: 2693
  • LEASEHOLD GARAGE

Full description

Tenure: Leasehold

LOCATION
Gallowgate Motors Ltd is on an industrial estate is Richmond, North Yorkshire.

Gallowfields trading estate is just out of the main town centre, with a cluster of motor trade businesses in the nearby area. With so many motor companies in the area, each complement each other and all businesses are well supported.

This large business is within Richmond the beautiful market town in Yorkshire. Named UK town of the year in 2009, the town attracts a lot of tourists. Located just on the edge of the Yorkshire Dales National Park, the area has a mass of footfall.

Close by to Reeth Road A6108 which leads through to the A1 road which goes all the way through Yorkshire, straight down to Sheffield. The town centre which is just a few minute drive away has a large range of retail outlets and many tourist attractions, such as Richmond Castle and Georgian Theatre Royal, the best 18th century theatre in the UK.

BUSINESS
Hilton Smythe are delighted to welcome to the market Gallowgate Motors Ltd. This fully equipped general vehicle repairs business, is very popular within the area. Established back in 1963 this business is well known and has a long list of loyal customers.

Our client has owned the business since 2005 and is now looking into selling the business due to other business interests. The business is currently run as a general repairs and servicing business that also offer pre-test work and tyres. They also offer industrial gas agents, which the business receives commission for sales. The gas bottles are property of Energas.

The business is generating a turnover of 226,622 per annum with a gross profit of 53%. The business has scope to improve turnover and can do this by starting up a local breakdown recovery service. In the area are many other car companies that offer many other services this business could also look into MOT station to stay ahead of competitors.

The property is a great size for this business, and the new owner will benefit from the very low cost to rent the premises. This business is a fantastic opportunity for a new owner, and we advise early viewing to avoid disappointment.

PREMISES & EQUIPMENT
This large ground floor premises is a fantastic size and comes fully equipped. The premises comes with parking for staff and customers, with entrance to the yard from the front and the back of the property.

The main workshop has a mezzanine floor which is currently used for storage. The workshop area is bright and spacious with the double height celling. To the rear of the workshop is a tyre storage area, and also general storage area for tools etc.

To the side of the workshop is a reception area with an office. There is also a customer toilet a kitchen for staff to use. Outside of the property is a toilet for staff. The building has 3 phase electric throughout.

Equipment included in the sale-
Tyre machine
Tyre balancer
Timing tools
Industrial gas canisters property of Energas
Snap on Diagnostics
Engine equipment
3 x Hydraulic lifts one of which is mobile
Hydraulic press
Inspection pit for over 7.5 tonne repairs
Engine hoists
Mig welding equipment
Trolley jacks
Axle stands
Office computer system
Compressors
Waste oil burner

TENURE
We are advised that the business is Leasehold
Rent 7,200 per annum.

HOURS
Business opening times-

Monday-Friday: 8am-5:30pm
Saturday: 8:30am- 1:30pm
Sunday: Closed
STAFF
The business is run and managed by 2 partners, a full time mechanic and part time administration.

FINANCIAL PROFILE
We are advised the turnover for the business is around 226,622 per annum
With a gross profit of 53%


Nearest station

  • Leyburn (7.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

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

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Leyburn (7.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

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

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2693. 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 Hilton Smythe, 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.

Map data OpenStreetMap contributors.