Building Supplies Business and Yard

Location

Located in the heart of Bembridge, often quoted as the largest village in Europe, with its immediate population of circa 3,500 people. This is supported by local villages such as Brading, Yaverland, St Helens and Seaview. Bembridge is thought to be one of England’s largest parish and considered one of the most prosperous areas on the Island. Bembridge has a resident population of just over 7,000 including adjoining parishes of Brading and St Helens, substantially boosted throughout the extending summer season by an influx of generally high spending visitors attracted to the location, not least because of the sailing amenities and yacht clubs of Bembridge Harbour. Bembridge occupies the eastern most tip of the Island and is also a popular destination for second-home owners.

Description

Building supplies business, occupying a yard of approximately 1,400m². The yard consists of open storage as well as several simple racked-out industrial buildings offering protection from the elements to sheet material etc. The shop made of two 40ft shipping containers clad with timer and insulated to a high standard, with a large external sales area in addition to this. The shop runs to approximately 301ft². There is also a portacabin on the site which is connected to mains drainage which is currently not used.

The Lease

The lease has approximately 10 years left to run, with a current passing rent of approximately £10,000 per annum.

The Business

The business has been established for several years now, with in excess of 120 clients on its database. The shop is well stocked, covering most aspects of building and decorating. The substantial yard has several open storage bins, selling aggregates, sand, etc. The business also benefits from owning its own JCB 406 and a Ford tipper van, both of which form part of the offer.

Terms

Offers are invited in the region of £199,000 for the business, goodwill, fixtures and fittings, and all the stock. This breaks down approximately to:

£45,000 JCB

£19,000 Tipper van

£50,000 Yard and all stock

£45,000 Shop Building

£40,000 The Business

All other terms by negotiation.

Uniform Business Rate

Rateable Value: £16,750

2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on 01983 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com