Commercial Property for sale in Strawberry Hill, Newent
- 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.
. Seven other staff covering the workshop, paint spraying etc.
. 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).