Business for Sale in Lowestoft, Suffolk - SUBSTANTIAL SELF STORAGE BUSINESS WITH ACCOMMODATION - LOWESTOFT, SUFFOLK - Leasehold: £250,000

Key Information

Ref
M34603E
Type
Commercial Property
Location
England: Suffolk
Tenure
Freehold, Leasehold
Status
Sold
Accommodation
2 Bedrooms
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  • Very Interesting Proposition!

  • Leasehold or Freehold Option

  • Large Forecourt

  • Huge Scope for Add On Services

  • Rarely Available Opportunity

  • Substantial Multiple Sites

  • 2000 sq. Ft. Stunning Apartment

  • Non Labour Intensive

  • C.13,000 sq. Ft. of Storage Space

  • Call For Further Details

PARTICULARS

This very interesting opportunity really deserves close inspection as it will no doubt be of appeal to a wide range of potential buyers. With various options available and huge scope to further extend the business with some clear add-ons services that could be incorporated into the business, this is one which we are very pleased to be able to bring to the market.

With a thriving self storage business set over multiple sites, large hardstanding areas and forecourt that could be utilised further, and with the option of taking the residential accommodation, as well as acquiring the freehold site instead of a leasehold interest, if desired, there is much to consider and be excited by.

THE BUSINESS ITSELF

The business itself predominantly comprises of the provision of individual self storage facilities with fees for this service currently being in the region of £160k p.a. The vendor does also enjoy additional income from some ad-hoc removal/delivery services but this part of the business is not promoted and could easily be greatly extended by a new owner should they so wish. The vendor also utilises part of the forecourt for trailer hire however this service is not included within the sale unless the buyer wished to negotiate it on a separate basis. There would be though the opportunity for the buyer to use this forecourt for their own purposes.

The business as is currently run provides a very high GP and little overheads other than rent and rates, which when added to the fact that it is easily run and is not labour intensive make it a very attractive proposition.

ACCOMMODATION
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The business operates from a main site with good transport links in and out of the town and with a large forecourt to the front which can accommodate numerous vehicles and provides access to the reception office, storage facilities and the residential apartment. The commercial part of the building extends to some 6,500 sq ft and provides 87 no. purpose built secure storage rooms of varying sizes. The facility is very well presented and fitted out with additional roller door access as well as being fully alarmed with C.C.T.V throughout. The commercial part also provides a reception and office, kitchen and additional staff areas. To the side and rear are further extensive hard-standing areas on which there are 8 no. 20 ft and 1 no. 10 ft storage containers as well as other auxiliary storage areas.

The apartment measures over 2,000 sq ft and has been fitted out to an exceptional standard providing a huge kitchen/dining/living room with study area, a large central island in the kitchen and feature log burner. A sizeable master bedroom with en-suite, a second double bedroom, a large bathroom with freestanding bath and separate shower and a utility room. There is also a delightful private roof top terrace and garden. We believe that the accommodation could be easily modified to provide up to 4 bedrooms if required.

The second site which can be found a short distance away comprises of 2 units, the first of c. 5,500 sq ft is operated by the vendor as additional self storage facilities with a further 56 rooms and is again very well fitted out. A second unit of 3,300 sq ft is currently leased separately and is not included except with a freehold sale. Externally this site also accommodates 22 no. 20 ft and 1 no.10 ft containers as well as 7 brick built garages. This site has in the past had planning consent for residential development which could be another option with a freehold sale.

Finally the vendor currently leases a 3rd site on which he stores and rents out 21 no. 20 ft containers and 4 no.10 ft containers. Whilst this site does not have a formal lease in place we understand that the owner of this site would be open to granting a lease to a new tenant.

This type of opportunity does not come onto the market very often and offers a new owner an excellent income for a relaxed lifestyle business or the possibility to significantly increase returns from a range of potential options that could be capitalised upon. Call us now to discuss this further.

INFORMATION

Our Reference
M34603E

Tenure
Leasehold. A Freehold option is availble, please call for details.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.

Finance
Finance may be available to suitable purchasers

Business to Sell or Let?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

Premier Marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!

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Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

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