Book a Property Valuation

Strawberry Hill, Newent

Guide Price £1,500,000

Commercial Property

Overview

Commercial Property for sale in Strawberry Hill, Newent

Key Features:

  • Ownership of the Largest Business on Site (17,000 sq ft)
  • Commercial / Agricultural Opportunity
  • Site approaching Eight Acres
  • Six Lettings Units (all occupied)
  • Selling Due to Retirement
  • Established Family Business for the last 30-40 Years

A RARELY AVAILABLE COMMERCIAL/AGRICULTURAL OPPORTUNITY set within A SITE approaching EIGHT ACRES. The site consists of SIX LETTING UNITS (currently all occupied with an income in excess of £50,000 per annum) together with THE OWNERSHIP of the LARGEST BUSINESS ON SITE CONSISTING OF 3 UNITS (presently 17,000 sq ft) - EUROQUIP NEWENT LIMITED. It has been running as a FAMILY BUSINESS for the last 30-40 YEARS and is WELL ESTABLISHED IN THE AREA, having very healthy sales of between £800,000 and £900,000 per annum on average (ACCOUNTS AVAILABLE FOR VIEWING AT THE AGENT'S OFFICE).

Business - Euroquip Newent Limited -

The business comprises of:

Main Workshop - 5,237 Sq Ft -

Welding Workshop - 3,487 Sq Ft -

Office - 520 Sq Ft -

Spray Shop - 1,117 Sq Ft -

Storage - 764 Sq Ft -

Barn / Storage - 969 Sq Ft -

Newly Built Skip Storage Unit - 5,000 Sq Ft -

Total Sq Ft In Excess Of 17,000 Sq Ft -

Company Information -

This light industrial business has been running for many years in fabrication, making skips, recycling equipment, forklift attachments etc. The business has B1 / B2 usage.

WITHIN THE BUSINESS, THERE IS A RANGE OF EQUIPMENT TO INCLUDE:

. Guillotine - only 2-3 years old.
. Brake press.
. 21T lorry.
. 14T trailer.
. 4 x forklift trucks.
. Mobile home.
. Various cutters and welders.
. General tools and equipment needed for the successful running of the business.







CURRENT STAFFING:

. Manager
. Secretary
. Foreman
. Seven other staff covering the workshop, paint spraying etc.

OPENING HOURS:

. Monday to Thursday - 8 am to 5 pm.
. Friday- 8 am to 1 pm.

Let Units -

Unit 2 - 4,500 Sq Ft - Let out at £10,200 per annum (exc VAT)

Unit 3 - 2,400 Sq Ft - Let out at £5,280 per annum (exc VAT).

Unit 4 - 1567.50 Sq Ft - Let out at £5,400 per annum (exc VAT).

Unit 4A - 1,800 Sq Ft - Let out at £4,950 per annum (exc VAT).

Unit 5 - 8,900 Sq Ft / Large Enclosed Yard - Let out at £22,080 per annum (exc VAT).

Unit 6 - 1,350 Sq Ft - Let out at £5,400 per annum (exc VAT).

Total Income Per Annum - £53,310 Exc Vat -

All these buildings have either B1 or B2 light industrial use.

Agricultural Land Adjacent To Commercial Site - Comprises of three to four acres of agricultural land having a recently built barn / stables / yard. The BARN measures approximately ** 80FT x 40FT ** approx with power and lighting. This land is also currently let out.

Agents Note - The site is only being sold due to the owners retirement.

Website - euroquip.net

Full accounts are available to view at the agents office.

Site opening hours:

. Monday to Friday - 8 am to 6 pm.
. Saturday - 8 am to 2 pm.

Services - Mains water, electric and drainage.

Water Rates - Severn Trent - to be advised.

Local Authority - Forest of Dean District Council, Council Offices, High Street, Coleford, Glos. GL16 8HG.

Tenure - Freehold.

Viewing - Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 8.30am - 7.00pm Monday to Friday, 9.00am - 5.30pm Saturday.

Directions - Proceed out of Newent along the Dymock Road (B4221) taking the first turning right onto Tewkesbury Road. Follow this road towards Staunton for less than a mile until you see a turning on the left on a sharp right bend signposted Strawberry Hill. Turn left into Strawberry Hill, proceed along this road for quarter of a mile and the entrance to the business park will be found on your right hand side.

Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys).

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OPENING HOURS: Monday to Friday 8.30am to 7pm, Saturday 9am to 5.30pm

Newent Office
4 High Street
Newent
Gloucestershire
GL18 1AN

Sales
Tel:
01531 820844
newent@stevegooch.co.uk

Lettings
Tel:
01531 822829
lettings@stevegooch.co.uk

Coleford Office
1 High Street
Coleford
Gloucestershire
GL16 8HA

Tel: 01594 835566
coleford@stevegooch.co.uk

Mitcheldean Office
The Cross
Mitcheldean
Gloucestershire
GL17 0BP

Tel: 01594 542535
mitcheldean@stevegooch.co.uk

Gloucester Office
27 Windsor Drive
Tuffley
Gloucester
GL4 0QJ

Tel: 01452 505566
gloucester@stevegooch.co.uk