For Sale
Asset Sale – High Level of Equipment and Workshop Included
Tower Hamlets, City of London
- Asking Price: £34,995
-
Turnover:
No accounts available with business as an asset/ lease transfer only.
Please quote reference B05503
- Tenure: Leasehold
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
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 7 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.
The business is run by our client only.
Our client operates flexible working hours around workload and clients’ needs.
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.
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
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,
Enlarge Map
Looking to sell a similar business?
Find out moreNeed help with finance to purchase this business?
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Finance Calculator
Powered by Hilton Smythe
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
