Freehold Garage Development Opportunity West Midlands | | Birmingham West Midlands | | FREEHOLD GARAGE/DEVELOPMENT OPPORTUNITY - WEST MIDLANDS Situated in the desirable area of Selly Oak, Birmingham Advised turnover of £60,000 PA with good gross profit | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58550
ADVERT IMPRESSIONS : 30,360 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Garages | | SALE: | Agent Sale | FREEHOLD: | £399,995 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | FREEHOLD GARAGE/DEVELOPMENT OPPORTUNITY - WEST MIDLANDS
Situated in the desirable area of Selly Oak, Birmingham
Advised turnover of £60,000 PA with good gross profit
Sizeable corner property with first floor living space
Early interest and viewing is highly recommended
Neighbouring train station and main high street
Ideally situated within student letting hot spot
Favourable development opportunity (STPP)
Superb investment prospect
FREEHOLD
Location
This excellent freehold opportunity has an ideal location situated in the highly desirable area of Selly Oak which is part of Birmingham. The property has a prime corner placement which neighbours the railway station and gives easy access to Selly Oaks high street which is only a few minutes walk. The surrounding area has a vast display of residential homes which are heavily occupied by students. The University of Birmingham is within walking distance and has several direct public transport options which has made the area desirable for the student community. Selly Oak has always been considered as a desirable Birmingham suburb which offers a fantastic central location to access to the cities many shopping and leisure attractions. The city centre is less than 4 miles away and the M5 motorway is less than 6 miles away which makes visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this excellent freehold garage and development opportunity. The garage was first established by our client in 1980 who is only now placing it onto the market due to his strong desire for retirement. The business achieves an advised annual turnover of £60,000 which is derived from offering vehicle service and repair work coupled with spare parts sales. The property has sizeable first floor space and due to its location could offer very favourable student accommodation which the area consistently needs to grow due to high demand. Our client is selling the business with all fixtures and fittings included into the sale price so a new owner has the option of continuing to run the garage or exploring the possibility of a conversion subject to necessary planning permission. The business has always enjoyed excellent levels of repeat custom and new customers appear regularly from good word of mouth recommendations and from the highly visible trading location. We would like to urge very early interest in this opportunity as properties in this location rarely appear onto the market.
Financial Profile
Turnover: £60,000pa
Stock approximately: £14,000
Tenure
We are advised freehold
Opening Hours
Monday: 9:00am - 5:00pm
Tuesday: 9:00am - 5:00pm
Wednesday: 9:00am - 5:00pm
Thursday: 9:00am - 5:00pm
Friday: 9:00am - 5:00pm
Saturday: Closed
Sunday: Closed
Accommodation
Prime corner plot property with retail shop, garage/workshop, several storage rooms, basement cellar, first floor with 3 large rooms offering living room, bedroom, kitchen and bathroom. Property is in need of modernisation and development to suit living/rental opportunity.
Prime corner location with communal free of charge parking facilities.
Highly visible property signs
Shop
Glass fronted with secure entrance leading to open plan area with fitted serving/payment counter, rear shelving and racking for parts, small office area and paperwork storage area.
Basement Cellar
Open plan parts storage room, toilet and additional storage area.
Garage/workshop with roller shutter entrance and open plan work space for 3-4 vehicles with 2 ramps
FIRST FLOOR (in need of modernisation/development)
Room 1 main front living room/bedroom
Room 2 bedroom with walk-in wardrobe
Room 3 kitchen/bathroom | | | | | | FOR SALE | | | | | REFERENCE: | 2507 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
