Key features
- Very profitable long-established motor trade business, trading in the South of the Isle of Wight
- Premises run to total of approximately 218m² (2,346ft²)
- Well-equipped premises with ramps, MOT testing facilities, etc.
- Offers are invited “in the region of” £150,000 for the business, goodwill, fixtures and fittings, with a new lease at £15,000 per annum
LOCATION
Located to the South of the Isle of Wight, benefitting from the catchment area of Shanklin, Ventnor, Godshill, St Lawrence, Niton, and Wroxall
DESCRIPTION
Well-equipped garage with the ability to do MOT testing. Itinerary available to Bona Fide applicants. Benefits from being long-established and has a significant customer base.
THE LEASE
A new 10-year lease will be available to the buyer at £15,000 per annum. All other terms by negotiation.
TERMS
Offers are invited in the region of £150,000 for the business, goodwill, fixtures and fittings alongside the new lease at £15,000 per annum.
UNIFORM BUSINESS RATE
Rateable Value: £8,900 2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000
VIEWING
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on 01983 301434. E: gchambers@gullyhoward.com or dlucy@gullyhoward.com
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