MOT Garage plus Investment Income in Essex

Nationwide welcomes to the market this MOT SITE plus INVESTMENT INCOME. Prominent trading position, commercial area, Essex.

RENTAL INCOME £73,200 p.a.
MOT licence for Cars, Vans & Motor Cycles & Taxi’s

The vendor operates a MOT garage from the site with 2 MOT bays. The vendor has the head lease on 7 units but rents 6 out providing a rental income of £73,200 per annum.

Secure gated yard with office, 6 Brick built industrial units with roller shutter doors and ample parking, CCTV system (5 cameras, 1 monitor)

Unit 1 & 2 Mechanic Garage rental income £3,500 p.m.
Unit 3 Spray Booth + 2 preperations garages (Unit 4 & 5) rental income £2,000 p.m
Unit 6 Steel unit used for tyres fitting rental income £500 p.m.

Port-cabin Toilet with w.c. and wash hand basin, connect to the mains.

Turnover : WE ARE INFORMED by the owner the turnover currently averages £1,250 p.w. from MOTs only.

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £150,000 (M5662)

www.NationwideBusinesses.co.uk