Lake Auto's - Business For Sale, Burghfield Bridge, Green Lane, Reading, RG30 3XN

Lake Autos is a long-established independent motor body repair and paint business located at Green Lane, Burghfield Bridge, Reading.

The business has been trading since 1973, with the current owners operating from the premises for approximately 31 years. It has built up a long-standing local reputation and provides body repair, paintwork, smart repair and alloy refurbishment services.

The sale includes the business goodwill together with key fixtures, fittings and equipment, including spray booth oven, ramp, pulling equipment and compressor

The premises extend to approximately 1,650 sq.ft including mezzanine storage and benefit from workshop space, reception, office, WC, paint room, compressor room, roller shutter access, three-phase power and external parking/yard area.

The freehold is being retained by the current owners and a new lease will be granted to the purchaser at an initial rent of approximately £27,000 per annum exclusive.

This opportunity is likely to suit an experienced motor trade operator, body repair specialist, smart repair operator or existing business looking for an additional location. The owners have also suggested the premises may have potential suitability for MOT-related operations, subject to all necessary consents and investigations.

The property is situated on Green Lane at Burghfield Bridge, Reading, RG30 3XN.

The location provides access to Burghfield, Tilehurst, Reading and the surrounding West Berkshire area, with connections to local road networks and a strong established local customer base.

Strictly by appointment only through Lansley Commercial.

Please do not approach the business or owners directly without prior arrangement.

A new lease is to be granted on terms to be agreed.

Expected lease terms:

- Rent: approx. £27,000 per annum exclusive
- Minimum 5-year lease preferred
- Possible tenant break option at year 3, subject to agreement
- Three months’ rent deposit
- Personal guarantor required
- Tenant responsible for usual occupational costs
- Lease terms subject to solicitor approval