This is a great opportunity to have a hands off Business in Serviced Offices and have a Global Brand IWG do it all for you. The Property is Freehold and currently have 14 offices located on the 1st Floor which are now all sold on a average of 11.1 Month period so you get income from day one. Currently on the ground floor there is another company using this space which is about to move which will create an opportunity to build another 20 offices. The property is on the main road into Cheltenham Tewkesbury Road. It has a retail park just one minutes walk including M&S Food Store, Costa, Sainsbury's and many more. As the operating costs are currently absorbed in the first floor offices the ground floor becomes pure profit offering a potential of 20% ROI
- Asking Price:
- £950,000 Furniture / Fixtures and Inventory / Stock included
- Turnover:
- £200K - £500K
- Net Profit:
- £100K - £250K
Property Information
- Property:
-
Freehold
- Location:
-
We are based in Manchester Park Unit 1 Tewkesbury Road Cheltenham
- Premises Details:
-
Unit 1 is named as Elite Car Spa Ltd where the offices are based on the 1st Floor
- Planning Consent:
-
No need for any planning.
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
The 1st Floor offices are full and now is the right time to build 20 offices on the ground floor which are more lucrative and can be sold off plan. The property has been fully rewired in the last two years.
- Competition / Market:
-
There are no Serviced Offices on the West of Cheltenham. It is located half a mile from the M5 motorway and 1 mile from GCHQ Site.
- Reasons for selling:
-
Due to retirement it is time to sell
- Trading hours:
-
Access 24/7
- Employees:
- No Employees
- Years established:
- 1 Years
Other Information
- Support & training:
-
IWG Operate the site
- Furniture / Fixtures value:
- £50,000 - included in the asking price
- Inventory / Stock value:
- £5,000 - included in the asking price
- Website:
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