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Retail premises for sale

£15,000

Loughborough LE11, UK

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Property description

Ref 5724 – Leasehold Auto Parts and Accessories Retailer
Blacks Brokers are proud to bring to the market this leasehold auto parts and accessories retailer located in a busy and popular area of Loughborough, Leicestershire.


Introduction


Auto World Parts & Accessories Ltd has been trading since 2009 with our client in ownership since set up, during that time it has firmly established itself within the local community, gained a large customer base and a superb reputation. The business offers an array of automotive parts and accessories and a wealth of knowledge and expert advice.


Location


Loughborough is a busy town in the Charnwood borough of Leicestershire. The area is well linked by the M1 and A6 with good public transport links. The business is located on Lansdowne Drive, a main shopping area of the town centre, close to many other local shops and businesses. Parking is available close to the business. This area brings a strong local customer base in addition to passing trade and trade from visitors/shoppers in the area.


Reason for sale


Auto World Parts & Accessories Ltd is only being offered for sale due to our client no longer able to manage this very busy shop, our client has been working exceptionally long hours over 7 days a week for years and feels this opportunity would be more suited to a team.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 10 years with rent reviews every 5 years. The current lease began in 2009 at a cost of £12,000 per annum.


Building layout and design


Auto World Parts & Accessories Ltd is housed within a well presented, two storey retail unit within a popular parade of shops and businesses. Well branded, the business has great signage on display with offers and products advertised on window displays. Inside, the business is well presented and well stocked. Products are displayed on a range of wall shelving and storage units, with central gondolas. To the rear is a small store room and staff toilet and the unit also has a small back yard. All areas are presented and maintained well and finished to a good standard with high quality fixtures and fittings in place.


Staff


Auto World Parts & Accessories Ltd is currently operating with our client on a full-time basis and no additional staff in employment.


Financial details


Financial details are available upon a viewing of the business and Auto World Parts & Accessories Ltd has traded solidly over its trading history. The business generates an annual turnover of £72,532 with zero rates payable. Most customers are from the local area as one would expect, with additional trade from passers-by and around 20% of sales from the website which is also included in this business sale.


Summary


Auto World Parts & Accessories Ltd is a leasehold business that has an impressive trading history in place, with a healthy turnover year on year. This proposition would ideally suit an owner operating team, who could push the business forward and build upon the solid and impressive trading foundations in place. It may also be of great interest to a similar business or retail chain looking to gain a base in this much sought-after area. Early viewings are very strongly advised. Business: £15,000.

Please quote ref: 5724

What Zoopla users think of Loughborough

Overall rating:

  • currently 4 stars
Very good - 80% (83 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
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  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Loughborough (1.4 miles)
  • Barrow-upon-Soar (2.6 miles)
  • Sileby (4.6 miles)
  • East Midlands Airport (7.0 miles)
  • Coventry Airport (29.3 miles)
  • Birmingham International Airport (31.0 miles)
  • West Lynn Ferry Landing (66.9 miles)
  • King's Lynn Ferry Landing (67.0 miles)
  • Hull Ferry Terminal (78.3 miles)

Nearby schools

View all schools in Charnwood
  • Sacred Heart Catholic Voluntary Academy (0.2 miles)
  • Beacon Academy (0.3 miles)
  • Mountfields Lodge School (0.4 miles)
  • King Edward VII Science and Sport College (5.3 miles)
  • Groby Community College (7.1 miles)
  • Ashby School (10.7 miles)
  • Our Lady's Convent School (0.4 miles)
  • Loughborough Grammar School (0.5 miles)
  • Loughborough High School (0.5 miles)
Note: Distances are straight line measurements

Local info for Charnwood

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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