Oldham showroom sells for effectively above information worth
A outstanding car showroom and workshop advanced in Oldham has been offered for a worth considerably above its unique £975,000 information, following aggressive bidding.
The sale was accomplished on a completely unconditional foundation by NG Chartered Surveyors, with the property drawing greater than 100 enquiries from potential consumers.
The location, situated on Park Street, was owned by Motus Holdings (UK), a completely owned subsidiary of The Motus Company, South Africa’s largest automotive group.
The property had been occupied by Pentagon Motor Group, a part of Motus Group (UK), and operated as a Seat dealership.
The 1.73-acre web site contains 4 indifferent buildings offering a mixed flooring house of 20,078 sq ft.
These buildings comprise two car showrooms, together with ancillary workplace lodging, a workshop, valeting bays, MOT services, and intensive show and forecourt parking areas.
The property was dropped at market with a information worth of £975,000, however because of distinctive demand, the sale was agreed at a considerably larger worth after going to finest and closing presents.
NG Chartered Surveyors’ managing director Richard Sutton commented: “This was a high-profile web site and one which clearly captured the eye of the market. We had been extraordinarily happy with the extent of curiosity it generated, notably given the complexity of the title, which spans 4 lengthy leasehold pursuits.
“Regardless of that, consumers had been undeterred and recognised the robust location and potential for future use. The sale moved shortly, with solicitors instructed lower than six weeks after launch.”
He added that the number of buildings and makes use of onsite contributed to its attraction, particularly for consumers searching for versatile business premises in a well-connected location.
