FREEHOLD MOT STATION & 3 BEDROOM SELF-CONTAINED FLAT

FREEHOLD MOT STATION (CLASS 4), SERVICING, REPAIRS, TYRES & EXHAUSTS operating from a LIGHT INDUSTRIAL PREMISES measuring approximately 3,978 SQ. FT. and located on a RESIDENTIAL ROAD that is in a NORTH ESSEX TOWN CENTRE. The business, which has been ESTABLISHED SINCE 1952 and has operated under the SAME OWNERSHIP FOR 22 YEARS, is brought to market with a GENUINE REASON FOR SALE. Turnover on the latest set of accounts show £376,112 NET SALES with a HIGH GROSS PROFIT MARGIN OF 53% that yields ADJUSTED NET PROFITS OF AROUND £75,000. Additional income is generated from a 3-BEDROOM SELF-CONTAINED FLAT currently let at £775 PCM. We are advised business rates payable are £4,582 per annum. EARLY VIEWING ADVISED.