Occupying a gross site area of 0.08 acres or thereabouts;
Vere Road Garage offers 2 no. vehicle repair workshops of traditional stone construction, incorporating ancillary office and WC facilities, providing aggregated internal floor space of circa 1,400ft2 (130m2). The site also benefits from an external surfaced access/parking area, which measures approximately 1,240ft2 (115m2 / 0.03 acres).
Additionally, to the rear of the operational workshop facilities is situated a further 600ft2 (56m2) of unsurfaced expansion land. The business and property is to be sold as a going concern and so all trade-related fixtures and fittings are intended to be included as part of the sale.
Business turnover for the financial year ending 31 March 2022 amounted to £176,531. Net profits over the past 3 year period have averaged at £85,407. Previous years’ financial accounts detailing the recent trading performance of the business can be made available upon request.
Furthermore, the size and layout of the site, combined with the residential character of the immediate locality may give rise to opportunities for alternative use development, subject to obtaining planning consent.
The property has the benefit of mains service connections, including water, electricity and drainage.
Tenure & Possession
The property is offered for sale freehold with vacant possession upon completion. Rights & Easements
The property is sold subject to and with the benefit of all rights of way, water, drainage and other easements, quasi or reputed easements and rights of adjoining owners, if any, affecting the same and all existing and proposed wayleaves and all other matters registered by any competent authority subject to statute.
An Energy Performance Certificate has been commissioned for the property and will be made available upon request.
The property is classified as ‘Vehicle repair workshop and premises” for Business Rates purposes, The payable authority is Durham County Council. The Rateable Value of the premises is £2,550.
Each party will be responsible for their own costs relating to the transaction.
All prices quoted are exclusive of VAT where chargeable. Any sale is expected to be treated as a transfer
of a going concern (TOGC).
Further Information & Viewings
Viewings are to be carried out by prior appointment with George F White only.
For further information please contact either Danielle Clough or James Carruthers using the
Tel: 0333 920 2220
Telephone Extension: 2229
Telephone Extension: 3225