Engineering companies for sale in Cornwall

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Joshua Preston, Engineering Unit - Cornwall

Cornwall, England

  • Leasehold Price: £50,000  Price Reduced arrow_drop_down
  • Annual Turnover: £232,651
Seller Reference: KBT47454
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Business Description
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Seller Reference: KBT47454
Request Details
Business Description
• Turnover of £232,681 for year ending 31 March 2017
• EBITDA of £36,061 for year ending 31 March 2017
• 1,200 square foot unit, including a mezzanine and office
• Potential future purchase of the freehold

Ideal opportunity to acquire modern leasehold unit complete with equipment Unit spans 1200 sq ft with a head height of 30 feet and mezzanine/office shared toilet and shared yard. Registered Heavy Industrial Class B. Ideal starter unit Rent set at 16k annum future potential to purchase freehold.

This is an amazing opportunity to purchase an engineering unit, located within Cornwall. It comes complete with machine assets for an engineer or fabricator to start work immediately. The unit was purpose built and maintained to a high standard. It is situated within a secure yard which has 24/7 access 365 days a year.

This site has a classification of Heavy Engineering Type B and was used by the vendor in his profitable marine engineering business. The Vendor is ideally searching for an operator established in engineering to take over the premises, as he wishes to pass work over. There is also access to a mobile crane that the Vendor owns and would allow use by the new owner, subject to an agreement.

The well equipped unit houses an array of machinery. Interested parties will receive a full asset list. These assets have a value in the region of £65k.

The building is held under a leasehold agreement. The Vendor is seeking a minimum term of 5 years renewable with an initial rent of £16k per annum. There remains a future possibility that the unit could eventually be purchased from the Vendor.
This is an interesting offer for a new starter, or for an existing business requiring a highly-equipped premise to trade from.

Summary. The building presents an opportunity for a new business starter to acquire cheap premises and incorporated assets worth £65k. It is perfect for operatives in engineering, fabrication or the marine industry. The business can start trading upon immediate acquisition. Also, this unit is an ideal purchase for an established trader within the industry who requires their first premise or larger premises, or a second site. Demand is expected to be extremely high, due to the property and the potential it encompasses. Therefore, an early viewing is essential.
Additional Note
The Vendor has expressed it to be known that he will not lease the unit to traders for the repair of motor vehicles.
Is accommodation included?:
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