Land With Garage Business 2 Family Homes And 8 Letting Units | | Spondon Derbyshire | | 1.25 ACRES OF LAND WITH GARAGE BUSINESS, 2 FAMILY HOMES & 8 LETTING UNITS - DERBYSHIRE Price includes owners' service and repair garage business Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59290
ADVERT IMPRESSIONS : 21,988 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Land & Development Sites | | SALE: | Agent Sale | FREEHOLD: | £720,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | 1.25 ACRES OF LAND WITH GARAGE BUSINESS, 2 FAMILY HOMES & 8 LETTING UNITS - DERBYSHIRE
Price includes owners' service and repair garage business
Early interest and viewing is highly recommended
Ideal private location in Spondon, Derbyshire
Situated in approximately 1.25 acres of land
8 letting units with multi usages and storage
Huge growth and development potential
General fixtures and fittings are included
2 family homes situated in the grounds
Ideal lifestyle change opportunity
FREEHOLD
Location
This excellent approximate 1.25 acre plot is situated in the highly desirable area of Spondon which is in Derbyshire. The plot benefits from having a very private and secluded location which is situated off one of the areas major through roads. The location is ideal as it gives the plot a quiet and secluded setting coupled with very easy access to all of Derbyshires attractions and facilities. There is a healthy display of neighbouring residential homes and commercial businesses which has made the area hugely popular. Spondon is situated just east of Derby and is a highly desirable commuter area for workers who wish to have easy access to the neighbouring cities. The plot also benefits from having the M1 motorway within 5 miles which makes travelling and visiting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this excellent plot which was first developed and established by our clients in 1986 who are only now placing it onto the market due to their strong desire for retirement. The plot consists of 8 multi usage lock-up units which are let and also house our clients' car service and repair garage. The garage which is run at a relaxed pace achieves an advised annual turnover of £13,500 with the letting units contributing an additional advised £2,200 PM. The plot also has a yard and 2 sizeable residential properties with one being our clients' home and the other being a residential let. The plot has attracted several major development plans and applications over the years which indicate that the opportunity would almost certainly be suitable as a development project. The opportunity would suit an individual or family who could either run the opportunity as it currently stands with its rental income or take the option to explore development alternatives. Our clients are very generously including all general fixtures and fittings to the garage business which means that if a new owner wished to continue trading, there will be no need to spend additional funds on fixtures and fittings. We would like to advise very early interest in this opportunity as plots of this size and quality rarely appear onto the market.
Financial Profile
Turnover: £13,500pa
Gross profit: 45%
Other income: £2,200pm (rental of units)
Stock approxmately: £2,000
Tenure
We are advised freehold
Opening Hours
Trades all year round
Accommodation
Plot sits on approximately 1.25 acres of land with various units, 2 residential homes with private gardens, service yard, ample open areas and car parking facilities, multi usage facility with development potential.
Residential Home 1 (number 43)
2 reception rooms
Kitchen / dining room
Utility room
Conservatory
3 bedrooms (1 with en-suite)
Large garden
Parking
Residential Home 2 (number 43a)
Lounge
Kitchen
Shower room with WC and wash basin
Conservatory
2 bedrooms
Bathroom
Garden
Parking
8 multi usage lock-up units commercial businesses and storage
Garage workshop with ramp and open plan work space
Parking for 30+ vehicles
Storage areas
Yard compound with operator's licence. | | | | | | FOR SALE | | | | | REFERENCE: | 2535 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
