06 May Vehicle storage business with freehold
The Newton Abbot branch of Rendells, the long-established firm of chartered surveyors, auctioneers, valuers, land and estate agents, is excited to offer for sale an established storage business with its own freehold site in a unique & unrivalled location within the Dartmoor National Park, just two miles south of Whiddon Down and the A30, with easy access to Cornwall in the west and the M5 to the east.
Accessed off a private lane from the A382, Tordown Storage is a well-established high-end vehicle storage business occupying a complex of former agricultural buildings extending to more than 10,000sq.ft, with full planning permission for the storage of classic cars as well as other vehicles such as camper vans and motorhomes, caravans and boats.
On a 0.66-acre site with capacity for around 100 vehicles, the buildings are general purpose portal frame with mainly concreted floors and have been fully maintained with a recent new roof providing water-tight protective storage. The premises are well secured, enclosed by steel palisade fencing and fitted with CCTV.
The business currently trades with an average turnover in the region of £58,000pa with low running costs made up of insurance, electricity, general maintenance and business rates (receiving business rates relief), producing a net profit for the 2021/22 tax year of around £48,000.
Jonathan Bell of Rendells in Newton Abbot, said: “Tordown Storage is a wonderful business, having grown and developed for many years into the successful enterprise it is today. It would suit a great number of varying buyers as the work is not arduous while the returns are strong. It represents a high-yielding opportunity with the guide price of £600,000 the freehold property and including the business transfer as a going concern.”
A set of bridged accounts is available to validate the advised financial figures. For further information or to make an appointment to view Tordown Storage, pop into Rendells at 13 Market Street in Newton Abbot or visit www.rendells.com. To search property and other property investment opportunities for sale throughout the Southwest, visit Rendells or the Experts in Property.