Retail premises for sale in 21-22 Knightsbridge Business Centre, Cheltenham GL51
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Hilton Smythe welcomes to the market this very well established business, making and selling furniture of all types, mainly of pine, but not exclusively.
The premises have been run by the current owner for 18 years, since his first retirement. He is now looking at full retirement which has been very well earned. Due to this the owner has operated with flexible hours and working, however he has built up a large client base over the years and a quality workshop with all the equipment needed for a successful business.
There is great potential to push the business forward, working on more of a commercial setting with longer hours and greater business structure. It would ideally suit someone setting up their first business or perhaps expanding an existing business with everything in place.
Knightsbridge Pine is situated on the outskirts of Cheltenham on a purpose built business park with good access and facilities, ideal for this type of business.
The Business Centre is located just off the A4019 Tewkesbury Road, approximately 1 mile west of Junction 10 of the M5 Motorway and 4 miles west of Cheltenham’s town centre. It benefits from easy access to all the regional commercial centres and has some local amenities such as pubs and shops close by.
An easily managed large double unit covering around 85 sqm with 3 large workshops, office, 2 wc’s and a kitchen. There is also a good access to the front and rear for loading and unloading.
There is an extensive range of equipment to be included, which will allow the new owners to hit the ground running from day one.
Equipment included in the sale: -
Cross cut saw
Bench with extending table
Large range of clamps
Extensive collection of tools and accessories
The property also has a fitted alarm system and plenty of shared parking.
We are advised that the business is being sold as a leasehold opportunity.
Current rolling lease.
The rent payable is £14,098.56 per annum to include water, rubbish removal, outside lighting and security.
Flexible hours of opening, dependant on what the owner decides to do.
The business is currently run by the owner as a limited company.
The accounting information for the year ended 2016 shows a turnover of £17,000. (as the owner is long retired he does run this on a part time basis).
According to the voa website the current rateable value is £4,850; however, the owners inform me that they benefit from small business rates relief.
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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