Freehold Development Opportunity For Sale

Business description

THE PROPERTY
Advent Business Sales have been instructed to offer for sale this freehold development opportunity.

The site is also highly suitable for the erection of quality apartments.

THE BUSINESS

Established as a college many years ago, the premises was purchased by our client some 2 years ago but now has been reluctantly offered for sale due to other business commitments.

The college offers an unusual but popular service supplying migrants educational and training support.

The college is a partnership organisation for a major college and is not a franchise. It is firmly part of the development plans of the main college for the foreseeable future.

The college is owned independently and is operating in provision as a local campus for the main college and is regarded as one of its campuses.

The college delivers all approved syllabuses to cater for demand. It delivers learning to 500 pupils per years with subjects ranging from English, IT, business studies and a number of employment to regeneration projects. In addition, provisions for Women and Girls only are supplied

Our client has recently been awarded 2 new contracts in the region of £700,000 & with a GP of 50%

The current workforce is supplied by the main college and other provisions are in place in assisting in the smooth running of day to day business.

Our client informs us that local government funding is in place for the educational establishment until April 2009.

The vendors are happy to agree a hand over period with any new owner subject to negotiation.
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Property information

Property:

Freehold

Lease terms:

TENURE: Freehold

We are advised that the annual business rates are currently: £18,000

Living accommodation:

BUSINESS PREMISES: A site of approximately 35,000 square feet, The premises are set out over three floors with the ground and first floors being utilised. The second floor is currently used for storage but can be converted in further rooms. Ground Floor - Foyer/reception - Security access and CCTV - Disabled access - Range of classrooms, training and interviewing areas - Student and staff canteen facilities - Toilets - Prayer room - First aid room - Computer rooms with a number of computers and peripherals - Staff and director offices - Ancillary area First Floor - Further 10 classrooms - Design studio (secured) - Meeting room - Toilets - Ancillary area Second Floor - Currently used for storage External - Parking to front for 6 cars - Car park for 30 to rear - Further shared car park with adjoining premises - 1 main entrance/exit - 2 disabled entrance/exits - 1 fire exit

Location:

The premises are located in one of the highly sought after areas of Birmingham.

The city centre is a 10 minute walk away whilst access to the M6 motorway is convenient, which makes this location desirable for urban development.

In the immediately vicinity, permission has been granted for large scale erection of residential apartments and commercial buildings.

With three floors of commercial space and parking for approximately 35 vehicles, this opportunity to develop would be a desirable acquisition once planning consent has been obtained.

Other information

Expansion potential:

There is enormous potential for growth and expansion as further financial bids could be secured to provide services for many more students.

Trading hours:

Term time

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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