Stratford Road, Stroud, GL5

£400,000

Guide price

This site is currently occupied a successful and profitable car sales business (sales office, flat and garage). The business is for sale to interested parties. Alternatively it also has outline planning consent for 6 x 2 bed houses and 3 x 2 bed apartments with car parking.

THE SITE

We are pleased to be offering this established, successful and profitable business to market. Autodeals has a long standing reputation in the area and sits in a prominent roadside position within the Gloucestershire town of Stroud. Our client has traded from this site for approximately 20 years and this is a genuine retirement sale.

The site is currently occupied by the sales office, a flat and a garage that offers potential for MOT testing and a repair centre along with 50+ parking lots.

The site is located on Stratford Road, Stroud, adjacent to Tesco Express and backs on to some new housing.

An outline planning application was submitted and approved by Stroud District Council (S.19/2126/OUT) on 19th March 2020 for six x 2 bedroom houses and three x 2 bedroom apartments along with 14 car parking spaces.

VIEWINGS

The property and site may be seen from the roadside during normal daylight hours. For a further detailed viewings, please contact the Land and Commercial Department on 01285 646770 or by email landandnewhomes@perrybishop.co.uk.

LOCATION

Stroud is a market town and civil parish in the centre of Gloucestershire situated below the western escarpment of the Cotswold Hills. The town is noted for its steep streets, independent shops, galleries and café culture. The town was described by Jasper Conran as the 'the Covent Garden of the Cotswolds' and has a range of interesting landmark buildings.

The Cotswold Way runs through the town and the Stroudwater Canal is currently being restored to its former glory.

SERVICES & TENURE

We are informed that the vendor enjoys freehold title and that vacant possession will be granted upon completion of a sale.

Mains services of water, gas and electricity are all available nearby and interested parties should address and specific enquiries to the relevant service providers.

TOWN & COUNTRY PLANNING

Outline planning consent was submitted to Stroud District Council under consent number S.19/2126/OUT dated 19th March 2020, for the erection of six x 2 bedroom houses and three x 2 bedroom apartments along with 14 car parking spaces.

Trading Information:

We have been supplied trading figures and they show a turnover for year ending 30th September 2019 of £1,095,567 (net of VAT) with a reconstituted net profit figure of £98,775. The business offers consistent turnover and the potential to introduce MOT Testing and a Repair Centre.

METHOD OF SALE

The site is offered for sale by private treaty with a guide price of offers over £400,000 subject to contract.

INFORMATION PACK

1. Outline Planning Information

2. Proposed Unit Value

3. Three Years Accounts

Arrange viewing 01285 238859

Perry Bishop and Chambers - Cirencester

2 Silver Street, Cirencester, Gloucestershire

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