Mechanical Repair Business for sale in ALL REGIONS BEDSFORDSHIRE London

LOCATION:

No1 Mot is situated in the Kingsway area of Luton, Bedfordshire

DESCRIPTION:

The business carries out many services to include, Class 4 MOT testing , Car Servicing, Car Repairs, Engine Management and Diagnostics , Brakes and Clutches, Steering and Suspension , Car Batteries, Welding, Air Conditioning and more

BUSINESS:

The business itself has been established in 2011 run by the current owner and is very well known and established in the area, with long standing repeat and referral customers. Even though this is a successful business, it would also benefit, taking it to the next level, by adopting a more vigorous marketing policy, with online advertising, use of social media and together with longer hours and more weekend working.

PREMISES:

The premises are set within Private Gated on Kingsway Industrial Est. Good-sized building amounting to approximately 1800 sqm and consists of, Main workshop, Reception area and separate W/C, Mezzanine storage area for Staff area/Kitchen, Separate office & there is also parking for several vehicles outside

EQUIPMENT:

You have an extensive range of equipment included in the sale as follows, Pit MOT bay,  Shaker plates , Gas tester , Diesel tester, 2 post ramp installed in March 2018, Selection of specialist tools and hand tools, Several trolleys jacks, Inspection pit , Oil drainer and sucker, Diagnostic equipment, Welding Machine, Small and large axle stands, Air compressor , Type pressure gauges , Impact guns , Office equipment, Computers in workshop and office, Printers, Alarm system, CCTV , 3 phase connector and more. The main building is accessed via full height shutters & they also have a yard with parking.

USES:

B1/B2

PREMIUM:

£95,000 for the benefit of the lease, fixtures & fittings.

RENTAL:

£9,825 per annum

TERMS:

4 years left of a renewable lease

BUSINESS RATES:

Nil.

SIZE:

Approximately 1800 sq ft

OPENING HOURS:

Monday to Friday 8:30 a.m. to 5:00 p.m. Saturday 8:30 a.m. to 3:00 p.m. Sunday Closed

STAFF:

The business is currently run by 3 member of staff

LEGAL COST:

Each party to bear their own legal costs as well as the ingoing tenant to bear landlords legal costs

LOCAL AUTHORITY:

Luton

AGENTS NOTE:

London Properties have not tested apparatus, equipment, fittings or services and so cannot verify they are in working order. The buyer is advised to obtain verification from their solicitor.

MAILING LIST:

We at the London Properties Sales Team hope to be in regular contact with you to assist in your search for a suitable property. To keep our records up to date we request that you keep us informed as to the progress of your search so as to avoid any unnecessary inconvenience. Thank you for your assistance in this matter.

DETAILS BY E-MAIL:

We can send full colour sales particulars by e-mail. If you would like to receive details via this medium, please either telephone us with your e-mail address or send an e-mail to the sales team at:

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FREE VALUATIONS &

MARKETING ADVICE:

We at London Properties would like to assist you with the sale of your property? Just contact the sales team and we will be pleased to offer you a free valuation and market appraisal, a service that we provide with obligation. Competitive fees are available for both sole and multiple agency instructions. Please contact the sales team on:

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MORTGAGES: We can offer help and advice in arranging your mortgage.

Written quotations are available on request. Please contact this office.

REMEMBER: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP WITH

REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT

• Years established: 2011
• Employees: OWNER + 3 STAFF
• Trading Hours: MONDAY TO FRIDAY 8:30AM TO 5:00PM SATURDAY 8:30AM TO 3:00PM
• Reason Selling:WANTS TO RETIRED
• Lease Terms:4 years left of a renewable lease