Freehold Highly Accredited Construction Company
Price:
Freehold - £1,700,000
Business Type:
Corporate Businesses, Service Businesses
This established general construction and building business was set up the vendors some 17 years ago and in that time has established itself as a leading provider of a whole range of building trades and services to both the public and private sector on a local, regional and in some cases national scale.
The company has grown year on year and has re-invested profits back inot the business in such a way so that it now has an excellent infrastructure in terms of accreditations, plant, equipment, staff, premises and customers. Furthermore it has also acquired several freehold sites with planning permission (one of which is still pending at time of going to market) for future new build developments that represent a significant opportunity to a new owner.
The business operates from long leasehold premises(100 years) on a very well known industrial park in the region. It pays a peppercorn rent and it is valued at circa £230,000. The site is circa 11,000 square feet and comprises offices (circa 1000 square feet), mezzanine (circa 1300 square feet), warehouse (circa 600 square feet) and yard (circa 8000 square feet). There is ample parking. Rates are £70/month. The yard has planning permission in place for a new office building. The site is highly secure, has perimeter fencing and Redcare security cover.
As already mentioned the business also owns two other freehold sites. One of the sites already has planning permission for 16 house to be built on it. This site is valued at circa £320,000.
The vendors have recently submitted a planning application for houses on the third site and are awaiting the decision. It is anticipated the value of this site is circa £450,000.
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