Long established car bodyshop/repairer occupying a prominent position and trading from modern industrial premises in Heathfield business estate. Sale and leaseback.
On completion of a sale a new lease will be entered into to Crowborough Accident Repair Services Limited, an established and insurance approved car repairer for a term of 10 years at a rent of £75,000pa, subject to review at 5th year and tenant only break option to terminate.
The premises comprise well fitted car bodyshop & repairers with fitted oven, paint mixing etc. and having a total usable area of 987 sq m (10,624 sq ft) with good size fence enclosed yard.
Accounts for year ending 31 July 2017 show turnover exceeding £1.5m with good gross and net profits.
Offers sought in region of £950,000 for the freehold, subject to this new lease projecting a return before purchasers costs of 7.9%
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