A tremendous opportunity to purchase a one acre plot of land turned into an allotment with 75 spaces with 52 of them let and work in progress to complete the total to 75 which will be let as there is currently a 40+ waiting list. The site includes 75 allotments together with parking spaces for up to 15 vehicles and a shipping container used by the owners as a store room/office. The site is run by some volunteers who have allotments and have set up a committee to operate the place. The allotment owners pay on average £218 per annum for their site which includes water supply and is on a rolling license with one month's notice either way. The land is in a great spot close to Chasewater and has the water supply from a stream that runs by its side. The net profit for the business is around £9,000 per annum but with the further 23 allotments to be ready shortly and a price increase which is due as it has not changed since 2019 this net profit figure could be substantially increased.
- Asking Price:
- £159,950
- Turnover:
- Not applicable
- Net Profit:
- £9,000
Property Information
- Property:
-
Freehold
- Location:
-
Wharfside Allotments White Horse Road Walsall West Midlands WS8 7PE
- Premises Details:
-
75 Allotment sites with 52 rented out with a further 23 coming soon
Business Operation
- Expansion Potential:
-
23 more sites to be added
- Years established:
- 7 years
