MoT Garage With Two Flats Near Croydon Surrey For Sale

Business description

Rare opportunity to acquire established car repair and MOT garage in very convenient location close Croydon town centre off A23. Taking £200,000+ pa. Held on secure lease but flat income covers rent of £20,000 pa. Rates £5,500 pa.

Property information

Property:

Leasehold

Lease terms:

Renewable secure year lease at current rent £20,000 pa for entire premises. Rental income from 2 flats will more than cover entire rent payable.

Leasehold rent:

£20,000 per sq ft per annum

Living accommodation:

2 flats. The One bed flat is rented out on ASt producing £750 pm and the 3 bed flat is currently owner occupied but both available vacant if required.

Location:

Just off the main A23 near Croydon, in a very convenient location with high local commuter traffic.

Premises details:

The mid parade premises has a double gated main entrance to the workshop with space for 20+ cars, a hydraulic MOT bay and 2 other scissor jacks. Premises has office and customer waiting room.

Size in square feet:

2,500

Other information

Expansion potential:

A little marketing will produce amazing results as demand is high but present owner has not done any promoting.

Planning consent:

B2

Support & training:

Will be provided

Reasons for selling:

Retiring

Trading hours:

5.5 day week5.5 day week. Monday to Friday 8:30 am to 5:30. Saturday 9:00 am to 12 noon. Closed Sunday.. Monday to Friday 8:30 am to 5:30. Saturday 9:00 am to 12 noon. Closed Sunday.

Inventory / Stock value:

£1,000