A former Hampshire dealership specialising in classic and performance cars is being offered at auction with a guide price of between £875,000 and £900,000.
Victory House on Andover Road in Whitchurch was previously occupied by Carscape, which sold vehicles from brands including Porsche, Bentley, Mercedes-Benz, Maserati and Rolls-Royce.
The freehold property will be offered with vacant possession through a BTG Eddisons Property Auctions live-streamed sale on November 25 and 26.
Site retains motor trade potential
The 0.46-acre site includes two showrooms, two large forecourts, a workshop and offices, providing 5,908 sq ft of accommodation.
There is parking for approximately 70 vehicles, including space for 20 cars inside the showrooms.
The auction listing describes the buildings as being in good order. The main showroom has recently been re-roofed, while the buildings have been rewired and separately metered. New lighting has also been installed in the principal showroom and the property has an EPC rating of C.
Three titles offer flexibility
Victory House is divided across three freehold titles comprising the main showroom and workshop, a rear showroom with separate offices and a side forecourt. The arrangement could allow an incoming dealer or investor to occupy the entire property, divide it for rental income or resell individual elements.
Toby Limbrick, director and auctioneer at BTG Eddisons Property Auctions, said: “Carscape was known for dealing in some quite special vehicles and Victory House has been set up to accommodate that sort of business, but the site definitely has more to offer. It’s a sizeable property with plenty of parking and a number of separate buildings, so we can see it appealing to a range of different buyers.
“Someone might want to carry on with a motor-trade business, while another buyer could see potential for leisure, fitness or another use and that flexibility makes it an interesting proposition.”
The sale is being conducted on an unconditional basis, meaning contracts will be exchanged when the property is sold. The successful bidder will be required to pay a 10% deposit and a buyer’s fee of £2,700 including VAT. The auctioneer said VAT would not apply to the property purchase. BTG Eddisons Property Auctions
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