Vehicle Repair & MOT Garage with 3-Bed Flat in Bridgwater Somerset - Recession-Proof Opportunity
Bridgwater, Somerset
- Status
FOR SALE
- Date Submitted:
09/06/23
- Advert ID
514621
- Freehold: £395,000 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Key Features
- Open Plan Trading Area
- Central Position in Affluent Village
- Potential for Alternative Use
- Established Business
- Attractive Business
- Small Business
- Retirement Sale
- Close to Local Amenities
Business Details
Vehicle Repair and MOT Garage Premises with 3 No. Bedroom Flat Above
Local garage and MOT premises, set in the middle of the beautiful country village of Stogursey on the edge of the Quantock Hills in Somerset.
The Business greatly benefits from the close proximity to the Hinkley Point C power station build, attracting thousands of workers and substantial wealth to the area, boosting the local economy considerably, with over 10 years still to complete and the future decommissioning of Stations A & B which will take place in the coming decades, this truly is a recession proof business in an idyllic location.
The Garage has been operating under present owners for 27 years but due to impending retirement is available, benefiting from a strong established local village and surrounding areas of business trade, with the most important business aspect of all being the properties location.
The property includes a self-contained 3 No. bedroom flat at first and second floor level, with a roof patio, which is currently let on a 6 month Assured Shorthold Tenancy at £1,200 per month inclusive of electricity and council tax, bringing in £14,400 per annum.
The current opening times are Monday – Friday although could be extended to include Saturdays to increase income, as had been the case previously, should a prospective Purchaser/Business operator be mindful to do so.
Key Features
– Excellent Village Centre Location
– Within Pedestrianised Area
– Rear Access to Workshop
– Existing Business Reputation
– Good Shop Frontage
– Ability to Let the Flat – Rental Potential
The property is offered for Sale Freehold, subject to the MOT Garage being vacant and the Flat being occupied under an AST agreement, let at £1,200 per calendar month.
The property will be sold as seen, subject to the Garage being vacated, although Fixtures and Fittings relating to the garage workshop and MOT centre to remain, subject to inventory valuation.
A detailed list of the Fixtures and Fittings can be provided upon request.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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