* Freehold
Mot station (class 4), servicing, repairs, tyres & exhausts operating from a
light industrial premises measuring approximately 3, 978 sq. Ft. And located on
a residential road that is in a north essex town centre. The business, which
has been established since 1952 and has operated under the same ownership for
22 years, is brought to market with a genuine reason for sale due to
retirement. The business does 30+ mots per week in addition to all related
workshop service including but not limited to Tyres, Wheel Alignment, Brakes,
Clutches, Exhausts, Steering, Suspension and Diagnostics. Being sold with a
full complement of equipment inclusive of Tyre Machine, Balancer, Hydraulic
Press, Bearing Press, 600L Waste Oil Drum, Propane Burner, High - end
Diagnostics Equipment, and New Tracking Equipment. Additional income is
generated from a 3 bedroom self - contained flat currently let at £775 pcm that
increases to £850 pcm from June 2023. We feel there is huge potential in
younger hands for an experienced mechanic/mot tester looking to own their own
business and property. Equally this business lends itself to an acquisition
from an already established operator looking to expand their network and
investment portfolio. Early viewing advised. Our ref: RX257903 A6690E
**Location**
The business is situated within a busy neighbourhood close to the seafront on
a secondary shopping parade adjoining the main shopping district which forms
part of the town centre. The shopping parade provides a good mix of
independent and household name traders such as Vodaphone, Poundland and Argos
which all generate considerable foot traffic to the immediate and surrounding
areas. Other independent traders noted within the immediate area include a
bakers, coffee shop, nail salon, seasonal gift store and a barbers. The site
offers good customer parking of 7 spaces to the front
**Premises**
The premises comprise a ground - floor lock - up light industrial unit.
Internally, the premises measure approximately 3, 978 sq. Ft. (dimensions
obtained from the voa Office website) and are arranged as follows:
**Office**
Accommodating up to 5 seated customers, there is a reception desk and the
office also benefits from spotlighting to the ceiling, tiled floors and half -
tiled walls along with a kitchen/laundry room and separate toilets
**Workshop**
Open - plan workshop - equipped with a rolling road, 4 x 2 post ramps, 1 x atl
mot bay, tyre fitting area, diagnostic stations and an extensive inventory of
workshop equipment. Manager's/owner's room/office, separate mot office and a
mezzanine with retail tyre storage space.
Note: The premises are very well presented and appear to be in a good
condition
**3 - Bedroom Self - Contained Flat**
Accessed via a street - level door, an internal staircase leads you to an
L - shaped landing/corridor currently arranged with bedroom 1 and bedroom 2 on
the right - hand side. On the left - hand side is a shower room, family bathroom,
kitchen and bedroom 3. Towards the end of the landing/corridor is the large
open plan lounge/dining area. This is typically a larger than normal flat that
was formerly a 4 bedroom dwelling.
Note: The residential accommodation has not been inspected by Gilbert & Rose
**Staff & Trading Hours**
The vendor works full time and is assisted by 2 full - time mot testers and 1
full - time apprentice. 8. 30 am to 6. 00 pm Monday to Friday. We are advised
trading hours are unrestricted and our client used to open on Saturdays
**Turnover**
Turnover on the latest set of accounts show £376, 112 net sales with a high
gross profit margin of 53% that yields adjusted net profits of around £75, 000.
Full financial information will be made available to serious interested
parties on or after a meeting
**Business Rates**
The premises are subject to a rateable value of £14, 000. We are further
advised that business rates payable are £4, 582 per annum and are currently
under review for a reduction
**Legal Costs**
Each party are to be responsible for their own legal costs incurred in the
transaction
**Summary**
Rarely does such a sizeable property with such a long established business
that's been in the same hands for over 2 decades and located in the heart of a
town centre become available so we anticipate serious enquiries only.
Additionally the property benefits from an income generating residential
dwelling above only adding to the healthy profits so an early inspection is
encouraged by Gilbert & Rose
**Disclaimer**
Whilst every care is taken to ensure that these particulars are correct,
accuracy is no way guaranteed and none of the information supplied forms part
of any contract. Acceptance of these particulars constitutes a contract to the
effect that all negotiations for the business or property will be made through
Gilbert & Rose otherwise the purchaser will be equally responsible with the
vendor for damages equal to the amount of our commission

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