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Former Discount Tyres site Cherry Tree Works in Chalkwell Road, Sittingbourne sold for almost half a million pounds
12:46, 17 December 2023
A car garage and MOT centre have been sold at auction for almost double the guide price.
Cherry Tree Works in Chalkwell Road, Sittingbourne went under the hammer for almost half a million pounds following a highly contested bidding war.
Land and property auctioneer Clive Emson had guided buyers to pay £250,000-plus for the former Discount Tyres yard.
But at an auction on Wednesday the premises were sold for £454,000 after 114 bids.
However, it is unknown who has bought the site.
The 0.15-acre site has a detached office/reception area, workshop and yard to the front with six parking bays.
Vehicular access can be found in the form of three roller shutter doors with the furthest right-hand door giving access to the MOT bay with an inspection pit while the furthest left roller shutter door gives access to an area with a two-post lift and four-post lift.
Jon Rimmer, auction appraiser, said: “This was a fine investment opportunity.
“It attracted a variety of potential bidders, including those who wanted to run their own business – and it has everything that person needs.
“Others had different plans and all saw potential in the lot.”
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