Renowned Waterside Location
Price:
Leasehold - £245,000
Business Type:
MARINE BUSINESSES
Description
The extensive site is set around a range of workshop units, which are let to a range of complementary businesses including a boat builder and chandlery, together with a first floor flat, all of which have a potential estimated total rental income of over £45,000 p.a.
There is the benefit of offside linear, pontoon, and basin moorings extending to some 680m (2,240 ft). Moorings are currently let on annual mooring licences, charged at £38.13 per foot per annum (exc VAT), such sums payable monthly in advance and with a maximum potential mooring income in excess of £75,000 p.a.
On site parking is available for business users, moorers and visitors. The site provides the usual canalside facilities including ladies and gents toilets, elsan disposal, diesel pump and tank, LPG cage store and refuse point. There are number of electric hook up and water points as well as grassed amenity areas within the landscaped grounds.
Business
This is an excellent opportunity to acquire an extensive, functional canalside business and investment having the benefit of substantial rental income from nine business units and revenue from private moorings providing a total estimated rental income of approx. £120,000 per annum.
In addition the property offers the potential to develop the business and site activities by way of, for example, the introduction of a hire fleet of up to 8 narrowboats, hiring of up to 6 day boats. There is potential for siting of up to 5 holiday caravans.
The premises are held by way of a 30 year lease wef 29th September 2000 on Tenant’s Full Repairing and Insuring Terms at a current rent of £37,000 per annum exclusive, subject to an outstanding rent review wef 29th September 2009.
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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