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Retail Car Sales Site In Lymington For Sale

Lymington, Hampshire
Asking Price:
£100,000
Turnover:
£2,473,801
Net Profit:
£125,860

Hills of Lymington a family-run Sports and Prestige Vehicle Specialist. Same showroom 11 years with over 60 years' experience in the motor trade. All cars certificated, HPI checked, RAC Buy Sure pre-delivery inspection before hand-over. Minimum 6 months RAC warranty. Where appropriate, all vehicles are supplied with full, 12 months' MOT. The vendor wishes to focus more of his time on and invest more of his resources into a non-competing family business. New lease. Rent £40,000 per year including rates, utilities and premises insurance. HW1514 L/Hold

Property information

Property:

Leasehold

Lease Terms:

The vendor owns the lease and is authorised by the Landlord to create a new sub-lease on favourable terms. The opening rent will be set at £40,000 per year to include business rates, premises insurance and all utilities.

Leasehold Rent:

£40,000 per annum

Location:

The business is located in Pennington, on the western outskirts of Lymington on the main A337 to Christchurch in the New Forest district of Hampshire.

Premises Details:

The 5,000 sq ft forecourt measures approximately 88 ft x 60 ft (27m x 18m). The purpose-built Showroom measures approx. 2,500 sq ft and divides into three principal areas measuring

1. 60 ft x 20 ft - 1,200 sq ft (18m x 6m - 108 sq m)
2. 48 ft x 20 ft - 960 sq ft (14m x 6m - 84 sq m)
3. 24 ft x 19 ft – 456 sq ft ( 7m x 6m – 42 sq m) plus

In addition there are two separate office areas:

Sales Manager’s office (located in the Showroom) measures:
10ft x 10ft - 100 sq ft (3.2msq – 10.2sq m)

Admin Office (mezzanine floor above the showroom) measures:
24 ft x 19 ft – 456 sq ft (7m x 6m – 42 sq m)

Over the past 11 years, the current operator of the site has invested in the region of £150,000 in refurbishing and improving the property to its current high standard. With a purpose-built, gleaming showroom, comfortable Customer Waiting Area and offices on both the ground and 1st floor, the business premises represent an exciting, turn-key opportunity for an experienced used car sales operator to populate the site with his own stock, take occupation and build on the proven track record established on this site over the past 11 years.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

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