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Used car sales and repairs business for sale in Park Royal London with 6-year lease remaining

Park Royal, London, ID 212359

Used car sales and repairs business for sale in Park Royal London with 6-year lease remaining 1
Used car sales and repairs business for sale in Park Royal London with 6-year lease remaining 1
Asking price:
GBP£60 000
Turnover (per year): £2 000 000 gbp
Owner
Owner's representative

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Description

Property type: automotive industrial unit

Sale type: assignment of the existing lease

Current use: car dealership

Lease terms

Lease remaining: six years

Monthly rent: £4,000

Lease premium: £60,000

Deposit included in the premium: £12,500

Deposit transfer: passed to the buyer upon completion

Premises

Approximate floor area: 3,000 sq ft

Vehicle capacity: approximately 30 cars

Residential accommodation: flat within the building

Possible automotive uses

  • Car sales
  • Vehicle repairs
  • Tyre fitting
  • MOT testing

Details

Real Estate: Lease
Square m2: 278
Asking price: 60 000 gbp
Turnover (per year): 2 000 000 gbp
Rent (per year): 48 000 gbp

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