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Vicarage Street, Barnstaple, Devon, EX32

Offers in Region of
£90,000

Business rates & charges may apply

JD Commercial, Devon
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SECTOR

Garage for sale

Key features

  • Town Centre location close to Green Lanes Multi-Storey car park
  • Two workshops comprising of 1,944 sq.ft (181 sq.m) and 2,354 sq.ft (219 sq.m)
  • Fitted with specialist garage equipment including ramps, MOT station, diagnostic equipment, Terraclean decarbonising equipment
  • Established trade, for sale due to pending retirement
  • Waste oil warehouse heating
  • Office, reception, yard and car parking

Description

LOCATION
With over 40,000 inhabitants including nearby villages, Barnstaple is a thriving town near to beautiful beaches and countryside, and the centre of North Devon in commerce, culture, education and service provision. It has a wide variety of businesses attracting tourists and permanent residents year-round, including a vibrant and diverse collection of bars and restaurants for evening footfall. Barnstaple is easily reached via the A361 which leads to the M5 at Junction 27, has a station with hourly trains to Exeter at peak times, and Exeter airport is an hour away. The town is rapidly expanding with several new housing and commercial developments currently underway, and more than 5,000 new houses and further economic development planned for the near future. The notable towns of Bideford (9 miles), Woolacombe (14 miles), Ilfracombe (12 miles), South Molton (12 miles) and Torrington (14 miles) are also nearby.

THE SITUATION
The property is situated on Vicarage Street close to the entrance to Green Lanes Multi-Storey car park as well as Boutport Street. The premises therefore provides good access to the town centre and related services. Transportation links are further increased by the two bus stops close by.

THE PROPERTY AND CONSTRUCTION
Comprising of two workshops of 1,944 sq.ft (181 sq.m) and 2,354 sq.ft (219 sq.m) respectively. The smaller unit is fitted with 1 x two post ramp and 1 x four post ramp, 2 x roller shutter doors, office, reception, kitchen, toilets and is heated by a waste oil heater. The adjoining unit is 2,354 sq.ft (219 sq.m) and has an MOT bay rolling road, 1 x 4 post ramp, 2 roller shutter doors with a third leading to an additional parking area. Outside is parking for approximately 12 vehicles as well as an additional storage building.

THE PROPOSAL
Our client is inviting offers for the Leasehold interest with an assignment of the existing lease or new lease subject to Landlord approval and references.

THE BUSINESS
The business is currently operated by our retiring client with 1 full time MOT tester, 1 self-employed mechanic and 3 year trainee mechanic. Trade is derived from vehicles repairs, servicing and MOT's with specialist equipment including diagnostic, DPF cleaning and Terraclean decarbonising equipment (subject to contract). Turnover for the past 3 years has been 2020 £188,000, 2021 £229,000 and 2022 £253,000, with an average net profit of £40,000.

THE STOCK
Any current stock to be purchased at valuation upon completion.

THE INVENTORY
The property is sold with an inventory of trade fixtures, fittings and equipment.

VAT
Payable, if applicable, at the prevailing rate.

ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.

THE ACCOMMODATION (comprises)

WORKSHOP 1
1,944 sq.ft (181 sq.m) 1 x four post ramp, 1 x two post ramp, reception, office, 2 x roller shutter doors, waste oil heater, workshop toilet, customer toilet, kitchen, wheel aligner, Snap On diagnostic, Verus Edge diagnostic centre with touch screen, 2 x battery support units

WORKSHOP 2
2,354 sq.ft (219 sq.m) MOT rolling road station, 1 x 4 post ramp, 2 x roller shutter doors, scissor lift, compressor, additional roller shutter to rear yard

OUTSIDE
Yard and parking for approximately 12 vehicles plus storage building.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector. Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike. Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds. Please call for more information.


IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1. The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchasers should seek their own professional advice.
2. All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3. No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4. No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1. All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full. However we are also trying to represent our clients' properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: / E-MAIL:

Brochures

Vicarage Street, Barnstaple, Devon, EX32

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barnstaple Station0.6 miles
  • Chapleton Station4.8 miles

About JD Commercial, Devon

42 Ridgeway Drive, Westward Ho, EX39 1TW

Having experience in Commercial Estate Agency since 1996, the company JD Commercial is headed up by James Doble who during his time in the Commercial market has established the importance of service in achieving successful results.

Whether it is the sale of a Leisure Property such as a Hotel or Tea Room to a private buyer, or the letting of a High Street Retail Unit to a plc, the importance of communication between all parties involved in the transaction is key. This is all brought together through JD Commercial. After all, once a purchaser is found this is often where the hard work begins.

Having the understanding that not only a purchaser's solicitor will be instructed at the point of sale, but often a Surveyor / Valuer, Bank Manager and Accountant means that we have the understanding of what is required from each party. Knowing exactly at what stage a transaction is means unnecessary costs and time delays can be avoided, as well as both vendor and purchaser experiencing a smooth transaction.

Being 100% dedicated to the Commercial Property market we do not split our time between Commercial and Residential property and as such all of our time and marketing is aimed at the Commercial sector. With our wealth of experience we have certainly noticed a change, over the years, of the ways and formats of achieving interest in property and can offer traditional or more contemporary solutions on how to market a property.

We deal with all types of Business Premises and Commercial Property throughout Devon, Cornwall and Somerset, of which they can generally be split into two sectors:- Hospitality Trade / Business Transfer and Commercial Business Property.

Hospitality Trade and Business Transfer:

Hotels / Guest Houses / Guest Accommodation and Bed & Breakfast

Public Houses / Inns, free of tie and tied

Self Catering Complexes / Camping and Caravan Sites

Catering Trade from Tea Rooms to Sandwich Bars

Business Transfer, lock up or with accommodation, such as Post Offices and Convenience Stores

Commercial Business Premises:

Retail Units

Industrial Premises

Office Accommodation

Investment Property

Development Land

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 1942. 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 JD Commercial, Devon. 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.

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