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Exceptional Car And Van Rental Opportunity For Sale

Lake, Isle of Wight, UK
Freehold Price:
On request Furniture / Fixtures included
Leasehold:
£75,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Very rare opportunity to acquire a Car and Van Rental business plus a Used Car Sales Site on one of the busiest roads on the Isle of Wight
The Site is next to Morrisons, opposite Aldi & adjacent to KFC, a Premier Inn & Marston's Public House
Current business runs 6 x Hire Vans and 9 Hire Cars plus a substantial Used Car Sales Site able to support a further 50 cars
For Sale Oiro £75,000 for the Van & Car Hire Business + The Used Car Sales Site, plus s.a.v. Simultaneous with a New 7 Year Lease for The Used Car Sales Site at £12,000 pa Year 1 increasing to £20,000 pa Years 2 & 3
Our client would also consider selling the Freehold of the site. POA
Business For Sale due to our client wishing to retire

Property Information

Property:

Available as freehold and leasehold

Leasehold Rent:

£12,000 per annum

Location:

Located in Lake on the A3056 (Newport Road) which links the Sandown, Shanklin, Lake conurbation to Newport and Ryde. It is adjacent to the recently opened KFC, Premier Inn and Merrie Gardens Farm Pub (Marstons) and opposite to Aldi and next to Morrisons. It also benefits from the many retailers and passing traffic visiting the Spithead Business/Commercial Centre. The A3056 is the 3rd busiest road on the Isle of Wight.

Business Operation

Reasons for selling:

Retirement

Other Information

Leasehold asking price:
£75,000 - Furniture / Fixtures included