Light industrial for sale in Newcommen Road TS6
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Fantastic Opportunity
- Long Running Business
- High Profit Margins
- Freehold Property
Property description
Merc Spec has been trading for over 20 years and operates from 2 freehold modern units in Skippers Lane, Middlesbrough, One of which was built in 2020 . These are also included in the sale.
15 - 16 Newcomen Road, Skippers Lane Industrial Estate, Middlesbrough, TS6 6PS
The company offers mot's, servicing & repairs and bodywork, dealing with all makes and models, predominately dealing with Mercedes, vw, bmw and Porsche. It prides itself on high level of customer services
A small fleet of 3 vw ups and a Mercedes Veto Service Van are offered to customers as loan cars whilst their cars are in the shop, going that one step further for customer service.
The business has recently had a red-book valuation undertaken on the properties in April 2024, these were valued at £495,000. The properties were transfered on a 11 year mortgage.
The company has no other debts.
Merc Spec shows healthy figures yearly. Their most recent accounts submitted in July 2024 show a turnover of £800,000 + and a profit in the region of 14%. More up to date management accounts are available.
Located in the 2 units are 10 car lifts in total, one of which is a 5 ton commercial lift. The unit has undergone some cosmetics upgraded as of December 2024, including a freshly painted workshop floor, offering a more premium look.
In summary this business offers a purchaser the ability to continue to operate the successful vehicle servicing business whilst also purchasing the properties. As the properties are owned in the company and this is to be a share sale this will void the need to pay stamp duty.
Financials can be provided upon signing an nda.
For Sale £775,000
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}