Administrators acting for a collapsed Vauxhall dealership have sold the property to a developer.
A private developer has paid a seven-figure sum for the strategically-located freehold property at Newbury Road, Andover, where long-established Vauxhall dealership Approach (UK) had traded before folding last August due to financial difficulties.
More than 20 offers for the site had been received by joint administrators David Blenkarn and Greg Palfrey of Smith & Williamson in Southampton.
Blenkarn said: "The site, which includes showrooms, a vehicle body shop and car wash, was bought with existing planning permission in place; it is understood that the petrol service station will remain.
“The new owner may look to create a mixed development, subject to all the necessary planning consents being granted and new jobs should be created at this Andover development.”
A second Approach dealership, at Churchfields Industrial Estate, Salisbury, also ceased trading. This operated from a leasehold site.
GVA acted as agent for Smith & Williamson in the sale of the Andover site.
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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