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London Properties Are Pleased To Offer To The Market This Business Has Been Established For Over 10 Years And Has Built A Reputation For Both Reliability And Competitive Pricing for Sale

Luton, Bedfordshire

Leasehold : £ 60,000
Turnover : £ 3,750 p.w.

London Properties are pleased to offer to the market this business has been established for over 10 years and has built a reputation for both reliability and competitive pricing. The testimony to this is a following of loyal customers who frequent the garage/tyres, servicing and repairs alike. The business was co-founded by the present owner & the company has a full contingent of capable and qualified staff who are able to run the business independently. The premises have spacious offices, a waiting area and toilets. Occupying an ideal trading position with excellent access to major road and motorway links (A6, A5 & M1 etc.) on the densely populated area of Leagrave. Internal viewings are highly recommended through London Properties by appointment only

LOCATION: Occupying an ideal trading position with excellent access to major road and motorway links (A6, A5 & M1 etc.) on the densely populated area of Leagrave

DESCRIPTION: This business has been established for over 10 years and has built a reputation for both reliability and competitive pricing. The testimony to this is a following of loyal customers who frequent the garage/tyres, servicing and repairs alike. The business was co-founded by the present owner & the company has a full contingent of capable and qualified staff who is able to run the business independently. The premises have spacious offices, a waiting area and toilets.

USES: B2

PREMIUM: £60,000 for the benefit of the lease, fixtures & fittings.

TERMS: Lease length 15 years with 5 years remaining (renewable)

RENTAL: £24,000 per annum

BUSINESS RATES: Current business rates are £600 per calendar month. Interested parties are recommended to make their own enquiries with the Rating Department of Luton Borough Council

SIZE: Approximately 3272 sq ft

OPENING TIMES: Monday - Friday 9:00 a.m - 6:00 p.m & Saturday 8:00 a.m - 3:00 p.m & Sunday Closed

Staff: Owner managed with 3 Staff

TURNOVER: Current turnover in excess of £280,000 per annum.

LEGAL COST: Each party to bare their own legal and professional costs in this transaction

LOCAL AUTHORITY: Luton

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 70 - C Rating. A copy of this property’s energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file.

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT


VIEWINGS: Through London Properties by appointment only


Trading Hours: Monday - Friday 9:00 a.m - 6:00 p.m & Saturday 8:00 a.m - 3:00 p.m & Sunday Closed
 
Staffing: Owner Managed with 3 staff
 
Tenure: Lease length 15 years with 5 years remaining (renewable)
 
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46 Advert ID 48976    Sellers Ref : LU48DY/BSOL

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