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Parking/garage for sale

£39,950

Unit 6F Morelands Trading Centre, Gloucester GL1

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Property description

Business
Hilton Smythe welcomes to the market this very well-established tyre fitting and repair specialist known as ptl Tyres Ltd. The garage has an enviable loyal customer base and operate from a great location; receiving daily heavy footfall and passing trade.

The business itself has been run by the current owner for the last 8 years and is well known in the area. The owner is now looking towards other business interests.

Their main business is tyre fitting; offering new or part worn tyres. Repairs for both domestic and commercial vehicles are also available, although they will also carry out car repairs and offer an outsourced mot service.

The purchaser could look to expand the services available to allow for an increase in turnover. Advertising on social media sites such as Facebook and Twitter would also be beneficial to expanding customer base. There is a website at .

Location
ptl Tyres Ltd is situated less than a mile away from the centre of Gloucester, in the old Morelands match factory building. Offering a great location with good access to all surrounding areas, having close links to the M5 motorway for connections to the South and North and easy access to the M4 giving access to the East and West.

The Morelands trading estate itself, is a very busy site and well situated within the city which has a population of around 128,000.

The area is well served by the M5 motorway, which runs to the east of the city. The A38 runs north–south through Gloucester connecting the city with Tewkesbury and Bristol. The A40 runs west to east, connecting Gloucester with Cheltenham to the east (via a dual carriageway section known as The Golden Valley Bypass).
Premises
The premises are set within a very large building covering 494.37 sqm, offering plenty of space for further development and expansion if required.

Overall, we have 2 large working areas, one with ramp and storage area, the other being the main tyre change area with 2 wheel balance and 2 tyre change machines, together with air guns, jacks and compressor.

The building also offers an office, store room, toilets and plenty of storage for tyres etc with shelving and racking.
Tenure
We are advised that the business is being sold as a leasehold opportunity on a 1 year rolling lease.

Rent £18,000 per annum.
Hours
Monday: 9:00a.M. To 6:00 p.M.

Tuesday: 9:00 a.M. To 5:00 p.M.

Wednesday: 9:00 a.M. To 6:00 p.M.

Thursday: 9:00 a.M. To 6:00p.M.

Friday: 9:00 a.M. To 6:00 p.M.

Saturday: 9:00 a.M. To 5:00 p.M.

Sunday: Closed
staff
The business is currently run by the owner and some other part time members of staff.
Financial profile
We believe from the owner that the business turnover was approximately £100,000 for the year ending 2015, which is a little bit down on previous years. The owner firmly believes that a higher turnover could be achieved again and probably exceeded.

According to the voa website the current rateable value is £10,250; however, the business benefits from small business rate relief so has nothing to pay.

What Zoopla users think of Gloucester

Overall rating:

  • currently 3.5 stars
Good - 70% (81 ratings)

Ratings breakdown:

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  • 1
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Nearby transport

  • Gloucester (0.8 miles)
  • Cheltenham Spa (7.1 miles)
  • Stonehouse (7.7 miles)
  • Bristol Airport (38.4 miles)
  • Birmingham International Airport (46.5 miles)
  • Coventry Airport (48.3 miles)
  • Sharpness Old Docks (13.4 miles)
  • Lydney Harbour (14.9 miles)
  • Bristol Docks Ferry Landing (31.1 miles)

Nearby schools

View all schools in Gloucester
  • St Paul's Church of England Primary School (0.1 miles)
  • Linden Primary School (0.4 miles)
  • Tredworth Junior School (0.6 miles)
  • Hartpury College (4.2 miles)
  • Gloucestershire College (6.5 miles)
  • Dean Close School (6.7 miles)
  • Ribston Hall High School (0.8 miles)
  • Al-Ashraf Secondary School for Girls (0.8 miles)
  • Edward Jenner School (0.8 miles)
Note: Distances are straight line measurements

Local info for Gloucester

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial 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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