FOR SALE BY AUCTION (Iamsold)10% Yield MECHANICS GARAGE & WORKSHOP with 4 BED HOUSE** SPLIT OVER 2 LEVELS** EMORMOUS SCOPE TO DEVELOP** FORMERLY A POPULAR LONG STANDING MOT STATION** SEVERAL RAMPS & BAYS** OFFICE** ROLLER SHUTTERS** READY TO TRADE AS A GARAGE** NO CHAIN**THE PROPERTY IS OFFERED FOR SALE THROUGH THE MODERN METHOD OF AUCTION WHICH IS OPERATED BY IAMSOLD LTD
Ainsworth Lord Estates are delighted to be offering for sale this long established and popular Mechanics Garage Business, with a 4 Bedroom House, situated at the end of Snow St in the Bastwell Area of Blackburn. A perfect investment opportunity for the right person!
This property is being sold as one as the buildings are connected.
However, we believe they could be separated and rented out individually - this is where it becomes an ideal
The garage could be split into 2 separate units, each would rent for between £400-£500 pcm and the 4 bed house, after some improvements, would rent for at least £750pcm.
If we used conservative numbers this is what the income looks like:
3 x Units at £400pcm = £1200
4 Bed House at £750pcm
Total: £1950pcm, which is £23,400pa.
Do a slightly better job on the house and a good job with the units and get £500pcm, this is what the numbers are like:
3 x £500pcm = £1500pcm
4 Bed House at £800pcm
Totals are then: £2,300pcm which is £27,600pa.
THE4BEDROOMHOUSE The house is situated at the end of Snow St. with off-road parking for 1 car and additional on-street parking adjacent to the house.
The house is comprised of the following:
Entrance Hall, and ground floor bedroom.
On the first floor is a large lounge, large kitchen, large bathroom and 2 more double bedrooms.
On the third floor there is another double bedroom.
There is plenty space to create additional living space in the attic space.
See the floor plans attached to this listing to see the layout of the house.
The property benefits from Gas Central Heating and Double Glazing.
Overall, the property appears to be in good condition.
GARAGE&WORKSHOP The Mechanics Garage is situated at the rear of Snow St. and accessed from Calder St.
It is a long frontage with several roller shutters.
As you can see from the pictures, inside the garage we have 2 ramp bays and working space for 4 vehicles.
There is also an office and wc facilities within the garage.
This garage has been an Mot Station for decades and the new owners will need to satisfy themselves with the renewal of the Mot Station status with the relevant authorities. We understand the Mot Licence was up for renewal recently and the current owners have not renewed it.
The garage comes with all the existing equipment eg ramps etc.
We believe this is a great opportunity for someone looking to start a new business of their own or to expand into something slightly larger than they have just now.
The Garage/Workshop measures approx. 2100 sq ft (195sq m) and has a rateable value of £3622 pa - and currently qualifies for 100% small business relief. To see if you will qualify for 100% discounted Business Rates you must check with Blackburn with Darwen council.
The garage benefits from mains electricity and water etc.
ALL VIEWINGS ARE TO BE ARRANGED THROUGH AINSWORTH LORD ESTATES AND ARE STRICTLY BY APPOINTMENT ONLY.
ALSO, PLEASE BE ADVISED THAT WE HAVE NOT TESTED ANY APPARATUS, EQUIPMENT, FIXTURES, FITTINGS OR SERVICES AND SO CANNOT VERIFY IF THEY ARE IN WORKING ORDER OR FIT FOR THEIR PURPOSE.
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This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 28 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold).
The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.80% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.