Spacious Freehold Commercial Premises Well Established As A Car And Van Rental Business Combined With Rental Income From 10 Bedsitting Rooms | | Undisclosed Surrey | | Main road trading position, SURREY | | ADVERT NUMBER : 60900
ADVERT IMPRESSIONS : 22,533 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Motor Related | | SALE: | Agent Sale | FREEHOLD: | £950000 | | | | | BUSINESS DETAILS: | Features : Forecourt area providing parking for 15/16 cars/vans
Office
Additional office
Rear work shop at present utilized for car washing
Additional garage/workshop, currently let and producing a rental income of £150 p.w.
The additional workshop that is at present used for carwashing is utilized by a person who is responsible for the cleaning of all of the vehicles utilized by the owner for the van and car rental business. The present owner does not receive any rental for the workshop, however, we understand that in the event of this being let it could provide a further rental income of approximately £200 p.w.
As will be appreciated of the rear garage/workshop of £150 p.w. the annual rental at the present time is £63,440 and in the event of the workshop currently used for carwashing being let to provide a further rental income of £200 p.w. the annual rental could increase to £73,840 p.a.
Location : Main road trading position, SURREY
Opening Hours : Monday - Friday inclusive - 7 a.m. - 5 p.m.
Saturday opening - 7 a.m. - 1 p.m.
Sunday opening - 8 a.m. - 10 a.m. only
Turnover : WE ARE INFORMED the turnover in respect of the van and car rental business is in the region of £350,000 p.a. We are advised by the present owner that the net profit can be in the region of £100,000 p.a.
Tenure : Uniform Business Rates in respect of the main premises we are informed £10,000 p.a. approx.
In addition we understand the rear garage/workshop Uniform Business Rates are currently in the region of £1,000 p.a.
We are further advised the Council Tax in respect of the accommodation over is currently in the region of £2,500 p.a.
OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE FREEHOLD PROPERTY PROVIDING A SUBSTANTIAL RENTAL INCOME AND A PROFITABLE CAR/VAN RENTAL BUSINESS, WHICH IN OUR OPINION HAS FURTHER POTENTIAL TO INCREASE IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price : OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS IN THE REGION OF £950,000 plus STOCK AT VALUATION comprising cars/vans.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of 10 SINGLE BEDSITTING ROOMS are at present let on shorthold tenancies apart from 1 of the single bedsitting rooms, which is let to a protected tenant who has resided for approximately 30 years. The accommodation comprises as follows:
Ground Floor
Bedroom 1. Bedsitting room - rental income £135 p.w.
First Floor
Communial kitchen
Half tiled bathroom with bath, w.c. and wash hand basin
Separate w.c.
5 Single Bedsitting rooms (2 with cooking facilities) let as follows:
Bedroom 2 - rental income £85 p.w.
Bedroom 3 - rental income £125 p.w.
Bedroom 4 - rental income £90 p.w.
Bedroom 5 - rental income £135 p.w.
Bedroom 6 - rental income £80 p.w.
Second Floor
4 additional single bedsitting rooms (all with cooking facilities) - rental income as follows:
Bedroom 7 - rental income £80 p.w.
Bedroom 8 - rental income £145 p.w.
Bedroom 9 - rental income £60 p.w. (protected tenant)
Bedroom 10 - rental income £125 p.w.
We understand that 9 of the bedsitting rooms are let on 6 months shorthold tenancies with bedroom 10 being let to a protected tenant.
All the rooms are fully furnished.
As will be appreciated the total rental income from the bedsitting rooms at the present time is £1,070 p.w. providing a total rental income at the present time of £55,640 p.a. In addition the vendor receives a rental income of £150 per week in respect of the rear garage/workshop.
Staff : The business is at present operated by the vendor with the assistance of 1 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
