MECHANICAL CAR REPAIR BUSINESS - FOR SALE
Summary
- END OF TERRACE MODERN INDUSTRIAL UNIT
- GROUND FLOOR RECEPTION AREA WITH KITCHEN AND 2 WC'S/WASHROOMS
- MEZZANINE AREA WITH TWO OFFICES AND KITCHEN
- AMPLE FORECOURT PARKING
- 3-PHASE POWER SUPPLY
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Car Repair Workshop | 2,496 | 231.89 | Available |
| Mezzanine - Offices | 337 | 31.31 | Available |
| Total | 2,833 | 263.20 |
Location
The property is situated on a modern industrial estate in Capitol Way in Colindale located just off the A5 Edgware Road and Stag Lane and in close proximity to ASDA and Morrisons Superstores. Capitol Way is located to the east of the A5 and Stag Lane to the west. Colindale (Northern Line) Underground Station is located close by in Colindale Avenue and the premises are well served by by various bus services.
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Mainline Stations
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Hendon29 mins
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Mill Hill Broadway29 mins
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Kenton46 mins
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South Kenton48 mins
Underground Station
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Burnt Oak12 mins
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Colindale12 mins
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Kingsbury17 mins
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Queensbury18 mins
Further Information
Rent £60,000 per annum
Rates Payable £23,827.25 per annum
Service Charge £1,800 per annum Plus Building Insurance of £1,600 per annum approx.
EPC Rating This property has been graded as C
Description
The accommodation comprises an end-of-terrace Warehouse/Industrial building on a modern industrial estate in Capitol Way in Colindale.
The ground floor is an open plan having an approximate eaves height of 23ft to 25ft 6ins approx., with a front reception area with a Kitchen and two WC/Washrooms. The unit is also accessible via a separate pedestrian entrance leading to the front reception area. The premises has the benefit of
6 allocated car parking spaces fronting the unit along with a large loading area in front of the manual sliding loading door (Width = 12ft 6ins - Height = 16ft).
The ground floor premises have the following internal dimensions: Unit Width = 39ft - Depth = 64ft approx.
Terms
The premises are held on a Full Repairing & Insuring Lease for a term of 10 years from the 30th October 2023 with a Rent Review at 5 years and a 'Tenants Only' option to break the Lease at the end of the 5th year of the term subject to the Landlords receiving 6 months prior written notice of the same, at a commencing rent of £60,000 per annum exclusive plus VAT.
PREMIUM: £180,000 for the benefit of the goodwill of the business having a Turnover for the last year of approximately £400,000, and including equipment and Fixtures & Fittings.
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