A distinguished automobile showroom and workshop complicated in Oldham has been offered for a value 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 positioning, situated on Park Highway, was owned by Motus Holdings (UK), an entirely 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 consists of 4 indifferent buildings offering a mixed ground house of 20,078 sq ft.
These buildings comprise two automobile 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 value of £975,000, however as a result of distinctive demand, the sale was agreed at a considerably increased value after going to greatest and ultimate 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, significantly 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 rapidly, 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 in search of versatile industrial premises in a well-connected location.
