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Retail premises for sale

£18,000

21-22 Knightsbridge Business Centre, Cheltenham GL51

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Property description

Business
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.

Location
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.
Premises
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: -

Several drills

Plainer

Cross cut saw

Compressor

Circular saw

Bench with extending table

Spindle moulder

Band saw

Sander

Sandblaster

Morticer

Lathe

Dust extractor

Wall saw

Benches

Large range of clamps

Extensive collection of tools and accessories

The property also has a fitted alarm system and plenty of shared parking.
Tenure
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.
Hours
Flexible hours of opening, dependant on what the owner decides to do.
Staff
The business is currently run by the owner as a limited company.
Financial profile
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.

What Zoopla users think of Knightsbridge

Overall rating:

  • currently 4 stars
Very good - 77%

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
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  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Cheltenham Spa (3.8 miles)
  • Ashchurch for Tewkesbury (4.6 miles)
  • Gloucester (6.2 miles)
  • Birmingham International Airport (39.5 miles)
  • Coventry Airport (41.3 miles)
  • Bristol Airport (45.5 miles)
  • Sharpness Old Docks (20.4 miles)
  • Lydney Harbour (21.8 miles)
  • Bristol Docks Ferry Landing (38.2 miles)

Nearby schools

View all schools in Tewkesbury
  • Tredington Community Primary School (1.6 miles)
  • Deerhurst and Apperley Church of England Primary School (2.1 miles)
  • Springbank Primary Academy (2.5 miles)
  • Gloucestershire College (3.1 miles)
  • Dean Close School (3.9 miles)
  • Hartpury College (7.0 miles)
  • Cambian Southwick Park School (2.5 miles)
  • All Saints' Academy, Cheltenham (2.7 miles)
  • Pate's Grammar School (2.9 miles)
Note: Distances are straight line measurements

Local info for Tewkesbury

About the neighbours in GL51

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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