London Properties are pleased to offer to the market this car tyre/garage lot occupying an ideal trading position with excellent access to major road and motorway links (A6, A5 & M1 etc.) on the densely populated area of Leagrave. The car lot benefits from corner plot in a largely residential area, with many other small businesses nearby. We have outdoor forecourt areas big enough to display about 30 cars, garage, large storage area and small garage well equipped workshops. Internal viewings are highly recommended through London Properties by appointment only.
Location
Occupying an ideal trading position with excellent access to major road and motorway links (A6, A5 & M1 etc.) on the densely populated area of Leagrave
Accommodation
SIZE: Approximately 7500 sq ft
FIXTURES & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.
Terms
The lease has 6 years remaining and would need consent of freeholder to extend.
USES: B2. and the premises been granted permission to also be used as a car wash, mechanics repairs , car sales and tyres.
PREMIUM: £90,000 for the benefit of the lease, fixtures, fittings and goodwill.
RENTAL: The current rent stands at £12,900 per annum.
BUSINESS RATES: Current business rates are £199 per calendar month. Interested parties are recommended to make their own enquiries with the Rating Department of Luton Borough Council
OPENING HOURS: Monday till Sunday 8:00 a.m to 17:00 p.m
TURNOVER: Current turnover in excess of £500,000 per annum approximately
ACCOUNTS: Available on request.
STAFF: Owner managed with 5 x staff.
UTILITIES: All Main services connected
LOCAL AUTHORITY: Harrow
LEGAL COSTS: Each party is to bear their own legal cost.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account.