If you are an owner-occupier or a landlord of a tenanted MOT garage or a car repair garage, you can sell it without hassle to Property Saviour.
As specialist commercial property buyers, we would be very interested in buying any MOT station freehold building even if it is a dedicated car repair garage anywhere in England or Wales.
If you are trying to sell a leasehold MOT station, then it may be worth selling the business using a specialist estate agent.
In this article, we’ll explore how selling any commercial building couldn’t be any easier.
Table of Contents
Selling an MOT Station or Car Repair Garage: A Comprehensive Guide
Are you thinking about selling your MOT station or car repair garage? Whether you’re an owner-occupier or a landlord, this guide will help you understand the process and options available to you.
Understanding the Market
The market for MOT stations and car repair garages is unique. These properties are specialist commercial buildings that serve a specific purpose. When selling, it’s important to consider both the property itself and the business operating within it.
Valuing Your Property
Determining the right price for your MOT station or car repair garage is essential. Factors that influence the value include:
- Location
- Size of the property
- Condition of the building and equipment
- Annual turnover and profit
- Length of lease (if applicable)
- Local competition.
Selling Options
There are several ways to sell your MOT station or car repair garage:
- Direct to a Cash Buyer: Companies like Property Saviour specialise in buying commercial properties quickly and without fuss.
- Through a Commercial Estate Agent: They can market your property to a wide range of potential buyers.
- Auction: This can be a fast way to sell, but prices can be unpredictable.
- Private Sale: You can market the property yourself, but this requires time and effort.
Preparing for Sale
Before putting your property on the market:
- Ensure all equipment is in good working order
- Tidy up the premises
- Gather financial records and business documentation
- Resolve any outstanding legal issues
The Selling Process
- Marketing: If using an agent, they’ll create a sales pack and advertise your property.
- Viewings: Potential buyers will want to see the property and may ask questions about the business.
- Offers: You’ll receive and negotiate offers.
- Due Diligence: The buyer will investigate the property and business thoroughly.
- Exchange and Completion: Contracts are exchanged, and the sale is finalised.
Useful Tips
- Keep your business running as usual during the sale process
- Be prepared to answer questions about your business’s performance
- Consider offering a handover period to the new owner
- Be realistic about your asking price
Why Choose Property Saviour?
If you’re looking for a quick and hassle-free sale, Property Saviour offers several advantages:
- We buy any MOT station or car repair garage, regardless of condition
- No estate agent fees
- Completion in as little as 10 days
- We’ll pay up to £1,500 towards your legal fees
- No endless viewings or negotiations
Can I sell my leasehold MOT station?
Yes, you can sell a leasehold MOT station. However, selling the business rather than the property might be more straightforward.
If you wish to sell leasehold then you will need a business sale broker.
Property Saviour specialises in freehold properties.
Do I need to close my business before selling?
Not necessarily. Many buyers prefer to purchase a going concern. However, if you’re selling just the property, you may need to wind down the business first.
Or if you want to carry on trading, sell the building to us and rent it back?
How long does it take to sell an MOT station or car repair garage?
The time frame can vary greatly depending on the method of sale. With a traditional estate agent, it could take several months. With Property Saviour, you could complete in as little as 10 days.
Sell Your MOT Station to Us
Whatever the condition of your MOT garage or a car repair workshop, we’ll buy it regardless of age, size, or location.
Property Saviour offers you a real alternative to selling any commercial property fast. Sellers face many problems with uncommitted buyers, fantasy offers made by commercial agents purely to keep you on their books or disturbing your tenants with endless viewings – and no offers.
Even if an offer is accepted after a stressful process, banks have made buying a commercial property using a mortgage impossible. This is because they require a hefty deposit of 40% of the purchase price with 8-10% interest rates. It makes it impossible as an investment proposition, given that rental income is unlikely to cover the repayments.
How to sell a MOT car garage with certainty?
Commercial property owners trust us to sell an MOT station or a car repair garage for these reasons:
- No endless viewings. Just one viewing.
- Guaranteed sale saves you frustration and abortive sale solicitor fees
- No commercial agent fees. You sell directly to us.
- Quick and decisive offer, usually within 24 hours.
- Sell any commercial property in the UK – any condition or age.
- We’ll pay up to £1,500 towards your selling legal costs.
- Sale and Leaseback option available to release equity.
- We’ll keep you updated throughout the process because we want your five-star review. Our genuine reviews speak for themselves.
In essence, we’ll buy all types of commercial property, so get in touch if you’d like to sell your commercial building fast. Even if you are selling a tenanted commercial property, we’ll still buy it.
Sell with certainty & speed
Why Sell Your MOT Station or Car Repair Workshop To us?
If you’re considering selling your MOT station or car repair garage, why not get in touch with Property Saviour? We can provide a no-obligation offer and guide you through the process. Our team is here to help you achieve a quick and stress-free sale.
Don’t hesitate to contact us today to discuss your options. We’re here to make selling your MOT station or car repair garage as smooth as possible.
Property Saviour Price Promise
- The price we’ll offer is the price that you will receive with no hidden deductions.
- Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
- These valuations or surveys result in delays and price reductions later on.
- We are cash buyers. There are no surveys.
- We always provide proof of funds with every formal offer issued.
We'll Pay £1,500 Towards Your Legal Fees
- No long exclusivity agreement to sign because we are the buyers.
- You are welcome to use your own solicitor.
- If you don’t have one, we can ask our solicitors for recommendations.
- We share our solicitor’s details and issue a Memorandum of Sale.
Sell With Certainty & Speed
- Our approach is transparent and ethical, which is why sellers trust us.
- 100% Discretion guaranteed.
- If you have another buyer, you can put us in a contracts race to see who completes first.
- Complete in 10 days or at a timescale that works for you. You are in control.
