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Garage & Workshop In Boldon For Sale

Boldon Colliery, Tyne and Wear, UK
Asking Price:
£1,100,000 Furniture / Fixtures included
Turnover:
£900,000
Net Profit:
Undisclosed
  • Extensive site with roadside frontage.
  • Family business, established in 1989.
  • Turnover projected at £900,000.
  • Scope to introduce MOT services.
  • Located in pleasant residential suburb.
  • Mercedes Benz independent specialist.
  • Up to date software and diagnostics.
  • Built site space circa 10,000 sq.ft. (930 sq.m.).
  • External forecourt parking to the front.
  • FREEHOLD PRICE £1.1m including stock.

Property Information

Property:

Freehold

Location:

Boldon is an area made up of 3 villages: East Boldon, West Boldon and Boldon Colliery which form part of South Tyneside in the county of Tyne & Wear.

The business occupies a prominent roadside site on North Road, close to the junction with Cotswold Lane. Access is straightforward from the A19 via Abingdon Way and Henley Way. The immediate area comprises predominantly residential housing but Boldon Leisure Park includes a Nando’s restaurant and an ASDA.

Boldon Business Park is also close to the garage and there are a broad range of tenants including Hernes, FM Coatings and Fusion Utilities.

Premises Details:

This freehold garage, bodyshop and repair workshop has been trading under the same ownership since 1989 and is a Mercedes Benz independent specialist.

The opportunity has been placed on the market as the current owners are looking to reduce their business commitments and retire.
This is substantial freehold site comprising a range of garage, reception and workshop spaces plus a forecourt with parking facilities.

The accommodation is modern, with external cladding and a pitched roof. There is a mezzanine level within the largest garage and overall the units are in good order with a recent rewire and an up to date EICR.
M & S Prestige Sales Limited was established in 1989 and the business has a reputation for service and customer satisfaction with high levels of repeat business and referrals.

The site can accommodate both commercial and domestic vehicles and there are 11 work bays plus 8 ramps and columns. There is a commercial van contract currently in place and all the MB computer systems and software have recently been updated.

The business currently opens weekdays only, but new owners could trade over the weekend if they chose to.

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Retirement

Employees:
Currently operated by the 2 owners with the help of 3 members of staff.
Years established:
37 years
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