Large Freehold Warehouse Property
- Asking Price: £150,000
The business has not been trading for a number of years so there are no accounts available.
- Tenure: Freehold
Hilton Smythe welcomes to the market McGowan Engineering.
McGowan Engineering was founded by the current owner in 1971 and has been a real labour of love over the years. The business has not been trading for the last couple of years whilst the owner has pursued his other business selling military surplus but all assets are to be included in the sale making it relatively easy for an ambitious and entrepreneurial new owner to reinstate and take this once thriving little business to new heights.
The business previously offered toolmaking, Capstan work, milling and tapping services to a variety of customers and in latter years specialised in the repair and maintenance of stationery engines.
Scope to improve:
Reinstate the engineering business and carry out an advertising campaign.
Maximise the use of social media.
Develop a website to extol the services provided.
Take on and train an apprentice.
Increase the external signage to drive customers to the business.
Invest in new machinery and technology.
Offers subletting possibilities to a complimentary business.
Hilton Smythe highly advise early viewing to avoid disappointment.
McGowan Engineering is located in Astwood Bank, Redditch in Worcestershire.
McGowan Engineering is within a mainly residential housing area alongside other complimentary small businesses and is situated in a lovely period style, brick built and terraced listed building.
The business is being sold as both a business opportunity or as having development potential, subject of course, to any necessary planning permissions. There is free on street parking immediately outside the premises.
Astwood Bank is a village just south of Redditch and is set on the A441 which is the main trunk road from Redditch and close to the villages of Studley, Sambourne, Callow Hill, Feckenham and Cookhill.
Redditch is a town in north-east Worcestershire approximately 15 miles south of Birmingham. The district had a population of 84,300 in 2011. In the 1960’s it became a model for modern new town planning. The M42 motorway is a short drive away and it is linked by dual carriageways and A class roads to surrounding towns such as Bromsgrove and Evesham.
There are regular bus services to Studley, Bromsgrove, Catshill and Birmingham.
The business is situated in an attractive period building made of red brick below a pitched roof in an inner terraced position and briefly comprises;
Inner porch area on the ground floor, accessed via a door from the street outside.
Front Store Room:
Generous room with windows to front, flourescent lighting and Dexion type shelving to the centre and perimeter walls.
Generous workshop with high ceilings and concrete floor, perimeter shelving, work benches, numerous hand tools and also containing the following:
2 Ward 2A Capstan machines
Pillar tapping machine
Wet bead blaster
A significant quantity of Capstan tooling
Spinning Lathe with a variety of chucks
Colchester Centre Lathe (80’’ between centres)
Gantry with hoists
Ward 2A Capstan with a Nicholls conversion
Heavy duty work bench with grinder and 3 pillar drills
Vast amount of different sized drill bits.
Pollard drill (dating from 1945 but still in working order)
Edgwick pillar drill
Stand mounted finisher
Generous rear workshop stocked to the gunnels with engineering equipment including:
Double sided fly press
Gantry with hoists
Browne & Sharp vertical Miller
Russian universal miller
Edgwick horizonta mill
Hydraulic fly press
Miscellaneous other presses
There is a door to the side to a secure yard and carpark to the rear.
To the first floor is a generous store room with three period style windows to the front and a range of Dexion type shelving along with a WC with hand wash basin.
We are advised that McGowan Engineering is being sold as a Freehold business opportunity.
There were no business rates at the time of instruction.