SOLD
28/05/24
2034
EAYFHS / Rightbiz
This is a very interesting opportunity which is sure to generate significant interest from both clients within the motor industry and investors attracted by the mixed residential/commercial element of the sale. The offering consists of three flats all let on AST's and producing an income of approximately £21,000 per annum, a yard and a 400 sq ft. industrial unit with an additional wood constructed office and metal store. Included in the sale at nil premium is an accident repair business which has been established for around thirty years at these premises.
Location wise the property has direct access from the main Southchurch Road and huge potential is offered. Viewings are strictly by appointment via the sellers agent, Amos Estates.
Premises /
Self Contained Studio Flat
Self Contained One Bedroom Flat
Self Contained Two Bedroom Flat
Yard (Approx) 30' x 20'
Light Industrial Unit is approx 400 sq. ft.
Further outbuildings to include metal store and wood built office.
Price /
Our client is seeking offers of no lower than £575,000 for the freehold interest of the entire site.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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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