garage business for sale as a going concern interest ...
LONG ESTABLISHED (1981) MOT / GARAGE BUSINESS FOR SALE AS A GOING CONCERN INTEREST *LOCATED WITHIN A WELL-ESTABLISHED ESTATE* *MANAGED HANDOVER TO ASSIST TAKEOVER*
FULLY EQUIPPED WORKSHOP
ATLANTIC GARAGE, UNITS G5-G7 RUDFORD INDUSTRIAL ESTATE, FORD ROAD, FORD, WEST SUSSEX BN18 0BD Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION The property is situated within Rudford Industrial Estate, Ford. The nearest major town is Littlehampton, which lies approximately 2 miles to the east. Other nearby towns include Bognor Regis (6 miles to the west) and Arundel (3.8 miles to the north). Ford Station, which has regular rail services to coastal towns and London (Victoria), is situated approximately 1.4 miles to the north Road Connections A27 A24 via A27 A3 (M3) via A27
Distances 3.1 miles north 11.4 miles east 23.8 miles west
DESCRIPTION The property comprises three interconnected units of steel frame and brick construction under an insulated sheeted roof with 20% translucent light panels. The premises extend to 2,300 sq ft (213.67 sq m) and benefit from fluorescent lighting, three roller shutter loading doors, two personnel doors, small office and WC. The warehouse has a 3.6m eaves height rising to 4.4m at the roof apex. The property is being offered fully equipped and fitted as seen (excludes some hand tools). A photo gallery is available to view online through http://www.henryadams.co.uk/commercial PROPERTY FEATURES
3x roller shutter loading doors (3m x 3m) Small office 3x ramps
Perimeter air compression line 2x brake testers 3 phase power Tyre changer
BUSINESS Established in 1981 and trading under the name Atlantic Garage, the business operates as a general vehicle repair and MOT centre. The business is run by a senior MOT tester and two mechanics. The business enjoys an excellent reputation, locally commended for its friendly service to loyal customers. The business currently trades 6 days a week from 8.30 am – 6.00 pm Monday to Friday and 9.00 am to 12.00 pm Saturdays. We have been verbally advised that the business typically generates an annual turnover of £100,000 plus. Our client would be happy to meet and disclose trading accounts to genuinely interested parties. BUSINESS PREMIUM A premium of £75,000 is being sought for the going concern interest to include all trade fixtures and fittings as seen (excludes some hand tools).
LEASE TERMS The property is available upon a new full repairing and insuring lease for a term of 10 - 15 years with 5 yearly rent reviews at a commencing rent of £20,000 + VAT per annum exclusive. A rental deposit will be required. FREEHOLD INTEREST Alternatively, the freehold interest of Units 6 & 7 (excludes Unit 5) to include the going concern interest, all trade fixtures and fittings can be made available for purchase for a figure approaching £285,000. BUSINESS RATES (2017/2018 FINANCIAL YEAR) The premises currently benefit from a split rating assessment, allowing for 100% Small Business Rates Relief to be collected in part. We have been advised the current Rateable Values are £5,300 (Unit 5) and £9,900 (Units 6 & 7). The Uniform Business Rate for 2017/2018 is 46.6p in the £ making the Rates Payable £2,469.80 (Unit 5) and £4,613.40 (Units 6 &7). Properties with a Rateable Value less than £12,000 are eligible for 100% Small Business Rates Relief from April 2017. Interested parties are advised to contact Arun District Council on 01903 737500 to verify the above and to enquire as to the entitlement for SBRR.
LOCATION MAPS – NOT TO SCALE
VIEWING ARRANGEMENTS Neither staff nor customers are aware that the property is being marketed. Interested parties are advised to undertake a discreet viewing as a potential customer in the first instance. Please respect our clients’ wishes by not engaging in conversation with customers or staff. Arrangements for thorough inspections must be made by appointment only with sole agents Henry Adams Commercial. Formal viewing times are ideally suited to out of hours trading times.
CONTACT Andrew Mark Algar BA (Hons) - Head of Commercial Agency 01403 282 519 07868 434 449 [email protected] ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly. Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
FULLY EQUIPPED WORKSHOP
ATLANTIC GARAGE, UNITS G5-G7 RUDFORD INDUSTRIAL ESTATE, FORD ROAD, FORD, WEST SUSSEX BN18 0BD Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION The property is situated within Rudford Industrial Estate, Ford. The nearest major town is Littlehampton, which lies approximately 2 miles to the east. Other nearby towns include Bognor Regis (6 miles to the west) and Arundel (3.8 miles to the north). Ford Station, which has regular rail services to coastal towns and London (Victoria), is situated approximately 1.4 miles to the north Road Connections A27 A24 via A27 A3 (M3) via A27
Distances 3.1 miles north 11.4 miles east 23.8 miles west
DESCRIPTION The property comprises three interconnected units of steel frame and brick construction under an insulated sheeted roof with 20% translucent light panels. The premises extend to 2,300 sq ft (213.67 sq m) and benefit from fluorescent lighting, three roller shutter loading doors, two personnel doors, small office and WC. The warehouse has a 3.6m eaves height rising to 4.4m at the roof apex. The property is being offered fully equipped and fitted as seen (excludes some hand tools). A photo gallery is available to view online through http://www.henryadams.co.uk/commercial PROPERTY FEATURES
3x roller shutter loading doors (3m x 3m) Small office 3x ramps
Perimeter air compression line 2x brake testers 3 phase power Tyre changer
BUSINESS Established in 1981 and trading under the name Atlantic Garage, the business operates as a general vehicle repair and MOT centre. The business is run by a senior MOT tester and two mechanics. The business enjoys an excellent reputation, locally commended for its friendly service to loyal customers. The business currently trades 6 days a week from 8.30 am – 6.00 pm Monday to Friday and 9.00 am to 12.00 pm Saturdays. We have been verbally advised that the business typically generates an annual turnover of £100,000 plus. Our client would be happy to meet and disclose trading accounts to genuinely interested parties. BUSINESS PREMIUM A premium of £75,000 is being sought for the going concern interest to include all trade fixtures and fittings as seen (excludes some hand tools).
LEASE TERMS The property is available upon a new full repairing and insuring lease for a term of 10 - 15 years with 5 yearly rent reviews at a commencing rent of £20,000 + VAT per annum exclusive. A rental deposit will be required. FREEHOLD INTEREST Alternatively, the freehold interest of Units 6 & 7 (excludes Unit 5) to include the going concern interest, all trade fixtures and fittings can be made available for purchase for a figure approaching £285,000. BUSINESS RATES (2017/2018 FINANCIAL YEAR) The premises currently benefit from a split rating assessment, allowing for 100% Small Business Rates Relief to be collected in part. We have been advised the current Rateable Values are £5,300 (Unit 5) and £9,900 (Units 6 & 7). The Uniform Business Rate for 2017/2018 is 46.6p in the £ making the Rates Payable £2,469.80 (Unit 5) and £4,613.40 (Units 6 &7). Properties with a Rateable Value less than £12,000 are eligible for 100% Small Business Rates Relief from April 2017. Interested parties are advised to contact Arun District Council on 01903 737500 to verify the above and to enquire as to the entitlement for SBRR.
LOCATION MAPS – NOT TO SCALE
VIEWING ARRANGEMENTS Neither staff nor customers are aware that the property is being marketed. Interested parties are advised to undertake a discreet viewing as a potential customer in the first instance. Please respect our clients’ wishes by not engaging in conversation with customers or staff. Arrangements for thorough inspections must be made by appointment only with sole agents Henry Adams Commercial. Formal viewing times are ideally suited to out of hours trading times.
CONTACT Andrew Mark Algar BA (Hons) - Head of Commercial Agency 01403 282 519 07868 434 449 [email protected] ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly. Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
