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Asset Sale - High Level Of Equipment And Workshop Included For Sale

Tower Hamlets, London, UK
Asking Price:
£39,995
Turnover:
Available on request
Net Profit:
Available on request

Business
Please quote reference B05503

Hilton Smythe are delighted to offer to the market a fully equipped Craft Wood Workshop with mezzanine accommodation facilities.

Our client runs his business from the unit which offers -

Bespoke hand-crafted furniture
Architectural models
Bespoke kitchen designs
Commercial one off pieces for restaurants and bars, interior design shops
Client designed feature pieces for in the home or garden

Any new owner of the workshop could easily carry out any of the above type of work using the equipment which is included in the sale. Any current carpenter or joiner looking to find a new unit could also add their own workload into the unit, the size of the unit would also allow for a small team of people to work if required.

Our client informs us there is 24 access to the unit, allowing flexible working hours for any new owner.

When our client took over the lease 4 years ago, he significantly improved the empty unit spending in the region of £40,000 transforming the empty workspace by adding a new mezzanine level which includes an office, bathroom, kitchen and staff chill out space.

Our client installed ‘Phase 3’ electricity into the unit with new plug points throughout

The unit could also be used for any artist looking for a new space within the area.

Location
This fully equipped Craft Wood Workshop unit is located within Simon House on Cable Street in Limehouse, London.

The area offers an eclectic mix of independent manufacturers, designers and artists. It has become a highly desirable location for professionals to both work and live.

Limehouse is a district in the London borough of Tower Hamlets in East London, it is 3.9 miles east of Charing Cross, on the northern bank of the River Thames.

Limehouse is accessed just off the A13, one of the busiest routes from Essex in central London.

There is metered parking directly outside the business.

Nearest mainline station and DLR station is Limehouse which is located across from the unit which is highly desirable for visiting customers and clients.

Premises
Ground floor - large double doors open into the open plan workshop which includes the following -

Festool jigsaw, sander and skill saw
CNC machine (1000x500)
AF 14 mobile Dust Extractor
Hammer Felder B3 winner tablesaw, belt sander
N3800 bandsaw, A3 31 planner and thicknesser
Domino XL, PSB 300 jigsaw, TS 55 Saw, ETS 150 sender
Mac 3 Computer
Large suction l system for both sanders
2 x moving work tables
Large compressor
Range of wood clamps
Hilti Hoover
2 x containers of hand tools,
Stock of wood

Mezzanine level - includes a new grey oak floor, bespoke mood lighting throughout

Small landing area for furniture display

Fully fitted bathroom with bath and shower

Office area (currently used to house our clients drum kit) with large windows overlooking Cable Street

Lounge area (2 x large sofas that can be purchased separately if required), TV

Fully fitted kitchen

Tenure
We are advised the unit is being sold as a Leasehold with a rolling yearly contract in place paying just £14,400 per year, the business benefits from full small business relief paying nil business rates in the current year,

Hours
Our client operates flexible working hours around workload and clients’ needs.

Staff
The business is run by our client only.

Financial Profile
No accounts available with business as an asset/ lease transfer only.

Please quote reference B05503

Property Information

Property:

Leasehold

Contact Hilton Smythe

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