Strawberry Hill, Newent
£1,500,000

Guide price

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).

AWAITING VENDOR APPROVAL

These details are yet to be approved by the vendor. Please contact the office for verified details.

01531 248077

Steve Gooch - Newent Sales

4 High Street, Newent, GL18 1AN

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