The property is located on the main A694 which runs between Gateshead, Rowlands Gill and Consett. This is an extremely busy road and there are high levels of passing traffic.
This is a trading petrol station with ancillary MOT centre and workshops plus a car sales forecourt. The petrol station is running on a low key basis with sales in the region of 5,000 litres per month but new owners could certainly develop this with additional marketing and promotion.
The workshops are vacant at the moment and the retail sales area could be developed further to incorporate a minimart or something similar. The car sales area is rented out on a month to month basis but this area could be adapted by a new owner to offer valet or car wash services, subject to any relevant consents.
The property has been measured in accordance with the Code of Measuring Practice and reported on a Gross Internal Area basis as follows:
Retail Area 1,185 sq.ft. (110 sq.m)
Garage / Workshop 3,678 sq.ft. (341.73 sq.m)
Workshop area 556 sq.ft. (51.65 sq.m)
All figures quoted exclude VAT if applicable.
Due to the fledgling nature of the petrol station business there are no formal accounts figures available.
Offers in the region of £395,000 for the goodwill, fixtures, fittings and Freehold interest are invited.
We are verbally informed that the premises are assessed as follows:
Description Rateable Value
Workshop & Premises £14,400
The petrol station Rateable Value would be assessed based on the level of fuel sales.
Rating - G