WOODLANE GARAGE

ASKING PRICE £320,000 · Mixed Use · For Sale

PORTFOLIO are pleased to bring to the market FOR SALE a Mixed Use Property in the Earlestown District of Newton-Le-Willows. Comprising of Workshop Units on Ground Floor and Two recently refurbished Two Bedroom Flats on First Floor.

Car wash, garage & car sales
Car wash lease until 2021
2 x 2 bed flats – first floor
Opposite Market Street
Town centre location

Description
The property comprises a well established car wash, occupying the majority of the ground floor accommodation, which includes predominantly open plan work space, a waiting area and a WC. On the opposite side of the car wash there is a manager’s office with basic kitchen facilities. The front forecourt is shared between the car wash business and car sales business, with up to 10 cars capable of being parked within the car sales forecourt. There is an additional small car repair workshop to the right hand side of the car wash. There are 2 x 2 bedroom flats to the first floor, both accessed from opposite sides of the building.

Location
The property is located towards the southern end of Haydock Street in the Earlestown District of Newton-le-Willows. Within the immediate vicinity there is a Wilko, Tesco and Greggs, together with other national and local independent retailers, on what is a busy town centre location.

Accommodation
Flat 1 57m2 616ft2
Flat 2* 57m2 616ft2
Carwash 158m2 1700ft2
Garage 39m2 415ft2
Forecourt Office 9m2 94ft2
Small Office 26m2 275ft2
Total 346m2 3724ft2
Approx. gross internal floor area

Tenure
The property is freehold

Flat 1 briefly comprises of a fully fitted kitchen, having high gloss tiled flooring, tiled splashbacks, integrated oven, hob and extractor. The fully tiled bathroom, consists of white three piece suite with shower over bath. The flat has two good sized bedrooms and a lounge which are all fully carpeted and have the benefit of double glazing. Flat 2 has not been inspected, however, we have been advised the accommodation is similar in size, specification and condition to Flat 1.

Investment Analysis
Star Car Wash and associated forecourt is currently held on a 5 year lease until 12/04/2021, at a current rental income of £15,000 pa, with a set increase to £18,000 pa in years 4 & 5.

The property is currently generating £34,680 per annum.

ASKING PRICE £320,000

Telephone PORTFOLIO today on 0161 830 8833.

Location

Newton-le-Willows WA12, UK

Contact

Message has been sent successfully.