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.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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