Freehold Garage For Sale

Business description

Bag a Business Ltd is delighted to offer for sale Staple Garage Ltd, in Hampshire. The business was established by our clients in 1981 and they have developed an enviable reputation for quality and service, which has resulted in a vast and loyal client base. It operates as an MOT centre offering class IV MOTs together with service maintenance and repairs for cars and light commercial vehicles. Currently trade is only drawn from the retail sector, offering new owners vast potential from developing the trade business, for which we believe there is great demand. Further potential is available through extending the opening hours to include Saturday afternoons and the creation of a website. Staple Garage, which is run by our client and two fully trained and loyal technicians, currently generates an annual turnover of £206,000 with a gross profit of 32.5%. As the business is located within a residential area we believe there may be a possibility to develop the site, to create between 8 and 10 flats with parking. Our client also owns the adjacent property and a lock-up garage opposite, which may also be available through separate negotiation. This is a wonderful opportunity to acquire a well established and highly regarded business that has the benefit of development opportunity and we would highly recommend and early viewing to fully appreciate the potential on offer.

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS A two-storey, double fronted detached building benefiting from UPVC double glazing to the front elevation and double sliding doors GROUND FLOOR Workshop area with: 4 bays including a dedicated MOT bay 4 post lift 2 x 2 posts lifts Exhaust extraction system Mig welding gear Sun tuner Engine press GROUND FLOOR -CONTINUED Compressor Heater Oil tank and dispenser Various specialist tools and diagnostic equipment Reception office with customer waiting area, serving desk and computer system FIRST FLOOR Mezzanine floor with four offices, cloakroom and W/C EXTERNAL Double metal sliding doors to the front

Location:

Staple Garage occupies a prominent location on Northcote Road, in Southsea, Hampshire. Northcote Road is located in the heart of a densely populated residential area, just minutes from the main shopping area of Southsea and less than 1 mile from the city centre of Portsmouth. Southsea is a popular seaside resort on the south coast of England overlooking the Solent and the Isle of Wight. It is a very desirable and sought after area. with excellent facilities, including schools at all levels, a good range of shops, a mainline railway to London and a delightful seafront with two piers. Road links are excellent with the M275 motorway within easy reach, linking to the M27 motorway giving access to Southampton and London via the M3. Portsmouth is home to the Royal Navy and enjoys many ferry crossings to France, Spain and the Isle of Wight.

Other information

Trading hours:

Mon - Fri: 8.00am - 5.00pm Sat: 8.00am - 12.00pm