FOR SALE BY ONLINE AUCTION ON TUESDAY 25th FEBRUARY 2025
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Description
Business premises with detached four bedroom cottage on 0.42 acres (stms) with development opportunity (stpp)
Located on a busy stretch of the A140 in Earl Stonham, Old Forge Garage and Cottage can’t be missed due to it’s eye catching and bright yellow exterior, and with over 17,000 cars per day passing the site, it’s a fantastic spot for a business that wants to be noticed as well as benefitting from a well presented four bedroom cottage with large garden and off road parking for several cars. The site sits on a total of 0.42 acres.
Garage There is space on the forecourt for up to 28 cars and due to the high level of traffic passing, 17,000+ each day, this is a fantastic spot to catch the eye of passing motorists. The workshop is currently rented out at £1500 per month on flexible terms, so the new owner has the option to keep the tenants in situ or relocate their own business into the premises. There are two sales offices alongside the workshop, ready for someone to operate a car sales business alongside the MOT centre. There are no business rates due to small business rates relief.
Cottage Old Forge Cottage is a lovely home with beautiful views across the fields to the rear of the property. With original features, this property is set across 3 floors and includes kitchen, lounge with French doors leading onto the garden, bathroom and four double bedrooms. There is extensive land to the side of the property which presents a development opportunity (STPP).
Although the property is ideal for an owner/manager of the garage, it has previously been rented out to long term tenants and therefore could present another potential income stream for the buyer.
Council Tax Band B
Tenure: Freehold
EPC Rating: E
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£1140 inc VAT payable on exchange of contracts.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
Loading the bidding panel...
- 4 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01603 505 100 for more information
View a virtual tour
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.