Interesting opportunity to acquire a successful and long established car repair business, along with the Freehold to the premises and the rental income from another unit on the same site, with significant scope for the land to be utilised as a residential development site (subject to planning).
Corner Garage, Stourport on Severn, DY13 9AN
- 4
Guide Price: *
£675,000
Fees apply
Buyer's fee:£2,400
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£675,000Bid history
1 bidR
30/06/2022 10:58:50 - £675,000
Silver Seal Garage has been operating from this site for over 40 years and in that time has become an established and successful business which the current owner is now looking to sell on due to his imminent retirement. As well as the goodwill of the business and a healthy customer base, the Freehold for the premises is also included within the sale. The site is approximately 13,833 sq ft in total and comprises a generous car parking area, the main garage/workshop (approximately 3113 sq ft) and a secondary garage/workshop (approximately 881 sq ft) which is currently rented out for £7800 per annum.
Over the years, the current owner has been approached by several developers interested in building on the site and as such this provides a second and rather interesting opportunity for residential development (subject to planning), especially when taking into consideration the existence of a neighbouring and ongoing new homes site. Corner Garage is situated on the fringes of the town centre in a mixed commercial and residential area, in between the Staffordshire and Worcestershire Canal and the River Stour and within easy access of the town’s local amenities.
All interested parties should contact the Wyre Forest office of Eden Midcalf for further details. Viewings are strictly by appointment only.
Local Authority:
Wyre Forest District Council
Summary
- Auction end
- 30th Jun at 13:00
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
Summary
- Auction end
- 30th Jun at 13:00
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
This property is being sold by:
Eden Midcalf
01299 402392
5 Load Street, Bewdley, Worcestershire, DY12 2AF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Eden Midcalf Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Eden Midcalf Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
