Motorsport & Leisure Complex For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this highly regarded motor sport business in such a prime trading location just outside Douglas on the Isle of Man.
A motor sport Mecca (the Island is known as The Road Racing Capital of the World). Onchan Raceway is a purpose built race track and stadium with floodlights, grandstands and ample spectator viewing areas.
Various motor sport / leisure activities are held in the stadium, these include :-

STOCKCAR RACING
This highly entertaining all action motor sport was introduced to the Island at Onchan in 1969 and has run continuously since, making 2008 its 40th year. During this time Stockcar Racing has established its self as a major part of Island motor sport, with an ever increasing number of drivers and spectators both local and U.K. based.





Race meetings are held throughout the summer April to September with a variety of different classes taking part including Mini Stox, Formula 2 Stockcars, Bangers, Reliant Robins and Hot Rods.

KARTING
The race track is open daily from Easter onwards for self drive Go Karting, which enables the general public to arrive and drive the Honda powered go karts, single and twin seater karts are available including kadet karts for young drivers.

MINIMOTOS
Minimotos were successfully introduced in 2007 with events run on specific evenings during the summer and Sunday afternoons throughout the winter.

HORSE SHOW JUMPING
Show jumping was also introduced during 2007, which again proved popular and attracted a different type of competitor and supporters.

The stadium / track can be hired for corporate events and attractions with it being central and the best appointed facility on the Island in which to hold public events.
The business is well supported by the local population of the Island, as well as being a popular tourist attraction during the summer months. The business is run very much at a pace to suit our client and offers infinite scope for expansion and development including event catering, race wear clothing, race parts / equipment and a kart racing school amongst others.
web site details: www.onchanraceway.com

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original : 7 years
Remaining : until 2013
Review every : 7 years
The Isle of Man offers tax benefits and zero rated business tax

Living accommodation:

PROPERTY DETAILS Purpose built 400 metre race track, including stadium facilities, pit area, storage and workshops. GROUND FLOOR Spectator grandstands Turnstiles Concrete terracing Grassed banking Spectator w/c's Fully equipped workshop 12 single seat & 2 twin seat go karts Two storage containers/workshop/garages Two tractors for vehicle recovery (all equipment and tooling for the business is included in the sale) EXTERNAL Spectator car parking facilities

Location:

Onchan Raceway is located within the famous Onchan Pleasure Park, near Douglas on the Isle of Man. This leasehold raceway and stadium benefits from a 400 metre tarmac race track with spectator grandstands, grassed areas, terracing and turnstiles. It is situated less than 2 miles from the centre of Douglas (the capital of the Isle of Man) and is easily accessible from throughout the whole of the Island. The Island is inundated with beautiful scenery and outstanding views and is a haven for visitors and tourists, including the famous T.T. races held each summer. It is easily accessible with regular flights from all major U.K. airports. Ferry services operate from Heysham (near Lancaster), Liverpool, Dublin and Belfast.

Other information

Trading hours:

Summer: 10.00am to 8.00pm Winter: Sundays 12.00pm to 4.00pm

Contact the seller