A Unique Maritime Business On Torquay Harbour For Sale

Business description

This is a very rare opportunity to acquire a valuable Leasehold business on Torquay harbour front which is now only available due to other business commitments. This cranage business is being sold with all equipment and offers an ideal opportunity to expand the current business lifting and maintenance.

The current business turns over just under the VAT threshold and has been run as an addition to other maritime businesses. Given the nature of the business there is a very high gross and net profit value. Full details of accounts are available.

Lease - 19 years from 1st July 2003 with reviews in 2015 and 2020. The current rent is £2,000 per annum.
Price - £175,000 for the Leasehold, Goodwill, fixtures, fittings and equipment including the crane.

Property information

Property:

Leasehold

Lease terms:

The Lease is 19 years from 1st July 2003 with reviews in 2015 and 2020 at a current rent of £2,000 per annum.

Leasehold rent:

£2,000 per annum

Location:

The three coastal resorts of Torquay, Paignton & Brixham together form Torbay. Torquay harbour, sea front, and the hills behind, face south across Torbay and since early Victorian times the town has prospered and developed as a popular holiday destination, residential and retirement area. It now offers a selection of recreational and sporting facilities, is noted for its warm climate, safe bathing and picturesque inner harbour, marina and the redeveloped outer harbour area and the many lovely homes having views over the Bay. The business is located right on Torquay Harbourside.

Premises details:

The yard, which is fenced, is leased from Torbay Council. Further details on request. The Lease is 19 years from 1st July 2003 with reviews in 2015 and 2020 at a current rent of £2,000 per annum.

Other information

Expansion potential:

This cranage business is being sold with all equipment and offers an ideal opportunity to expand the current business lifting and maintenance.

Competition / Market:

There is no competition as this is the only crane on the harbour.

Reasons for selling:

For sale due to other business committments.