Portreath Garden Machinery Limited (the buisness) has a prominent location on the B3300 between Redruth and Portreath in West Cornwall and is close to the main A30 East – West arterial connecting route through Cornwall. The nearest conurbation of Camborne, Pool and Redruth has seen significant infrastructural and commercial investment and growth in recent years and is widely regarded as the industrial hub of Cornwall.
Property & Assets
The single storey premises are clear span design of block construction of some c. 795 sq m, or 8,800 sq ft, divided by internal partition into retail / customer areas and workshop / stores / spares and staff areas (see areas below). The business will be sold with all assets named in the area sections and also a Isuzu NGR Grafter Beaver Tail (2013).
We understand the business has been trading since 1989 and on it’s current site since 2003. The trade split is approximately 70% Sales and 30% Repairs, trades all year, with opening hours of 08:30 to 17:00 monday to friday and 08:30 to 12:30 on saturday, run by our client and staff (current schedule available upon request).
The business has consistent sales of c. £900k net pa, which has been been in excess of £1.0m in recent years. The clients have a web presence, www.portreathgardenmachinery.co.uk, primarily for information of the range and services they offer, not an online sales platform.
Method Of Sale
Sale of Company Trading as Portreath Garden Machinery Limited : Company number 04704408
Retail Sales Area : 22.06m x 14.72m, door to front, serving counter. Customers WC’s and internal store. Display area for tools / clothing. Office, leading to inner office.
Workshop : 16.15m x 9.94m, defined working areas, principal equipment ; Cylinder Grinder; Lathe; Piller Drill; Press and Grinder; Compressor.
Rear Holding / Collection Area : 11.23m x 11.14m, roller shutter door to side, internal stock area.
Kitchen : 5.02m x 2.43m ; Staff Room 2.43m x 4.48m; Office 2.43m x 3.90m
Stores / Parts (behind serving counter) : 9.92m x 4.69m, plus 2.43m x 4.1m
Frontage to the B3300, with a grass verge and parking for 12 staff / client vehicles and outside storage of mowers etc.
Leasehold : A new Full Repairing & Insuring (Subject to photographic Schedule of Condition) to be Granted to the buyer for an initial term of between 6 and 10 years, depending on the buyers requirements. The initial passing annual Rental is £1100 pcm, rent review to be agreed depending on term. Sections 24 to 28 of the Landlord and Tenant Act 1954 to apply (i.e. automatic lease renewal at tenants request).
Energy Performance Certificate
The Energy Performance Rating for this property is 117 / E, Expiry March 2029
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £21,500 . To find out how much business rates will be payable there is a business rates estimator service via the website.
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
We are advised by the clients the property has:-
Mains : Water and Drainage
Electricity : Three Phase Supply
Heating : None
To be taken at valuation (cost price) on Completion and agreed between Seller and Buyer.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable. We are advised the property is not Elected for VAT but is Registered for VAT on Sales.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the numbers below.
For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email email@example.com or
Paul Collins on 01872 247029 or via email firstname.lastname@example.org
VIEWING: Strictly by prior appointment through Miller Commercial.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.