Modern detached factory premises located on Heathfields premier trading estate. To be let to Crowborough Accident Repair, a long established and insurance approved car repairers who are already in occupation. The premises are well fitted with oven, paint mix, mess room, workshop and offices. Externally there is a good size yard area, fence enclosed.
The premises to be let for a term of 10 years at rent of £75,000pa subject to review at 5th year on normal full repairing and insuring basis. There will be a tenant only break option at 5th year.
The business has been established since 2002 initially in Crowborough which then relocated to the subject premises in 2007. It employs 13 staff and repairs between 25 – 35 vehicles per week. The company works for around 12 different insurance companies / accident management companies to ensure a continued spread of work throughout the year.
Accounts to the year ending 31 July 2017 show Crowborough Accident Repair services Limited to have a turnover exceeding £1.5m with good gross and net profits.
Offered for sale subject to the above letting. Offers sought in region of £950,000 for the freehold interest representing a return before purchasers costs of 7.9%