Ventnor Industrial for Sale
A most unusual business and premises purchasing opportunity, comprising a ‘cave’ within this busy small industrial estate, coupled with the existing cider-making business, with the property well fitted-out for its current purpose.
Price Guide - £95,000 to include the premises (ground leasehold), fixtures, fittings and equipment. SAV if required. We understand that the cave is held on the balance of a long ground lease at an uncollected ground rent of £5 pa. A copy of the ground lease may be available in due course for provision to bona fide applicants or their professional advisors.
Having decided to step away from the business and take a form of retirement, our clients here have asked us to offer for sale their cider-making business and premises, comprising the main ‘cave’ and benefiting from an internal modular unit to provide modern facilities, suitable for the existing use or indeed for other possible occupiers (subject to any necessary consents).
Ventnor Industrial Estate is a very busy and popular small estate on the northern edge of the main town, and is one of only a few estates in the area for commercial units. Ventnor itself is a popular resort town towards the southern tip of the Island, benefiting from a wide variety of independent and national commercial occupiers, plus a thriving tourism trade, the ever-popular beach and Esplanade, and an unusually mild climate.
The Cave:
Accessed via double doors, leading directly into the main area measuring some 29’10’’ (9.11m) wide x 28’2’’ (8.6m) with some block-lined side walls to a reasonable height, and a maximum height to the centre of the cave from the floor of some 15’6’’ (4.72m).
Adjacent to the main cave is a lobby, with trapdoor access to a storage facility above, and an additional side storeroom measuring some 17’9’’ (5.45m) x 10’ (3.05m).
Total gross floor area (ground floor) = some 1,325ft² (122.91m²).
Our clients installed a modular work unit, originally for their business production, but it could equally suit other uses, including catering facilities, and benefits from hygienic walls and stainless steel floor drains. The modular ‘pod’ measures some 27’10’’ (8.26m) x 14’9’’ (4.54m). Our clients have also installed non-slip, chemical resistant flooring where appropriate and have rewired the premises in recent years, and have installed a single WC facility.
The property benefits from vehicular access only along the right-hand side of the block of modern units to the front, with a small amount of parking for a single vehicle. The lease also allows use of the concrete hard-standing on the estate.
The business:
‘Grazed Knee Cider’ has traded for some years under the current ownership, and is available as a business to purchase with the cave, or possibly separately if an applicant wishes to relocate the business elsewhere. A current business inventory is available from the agents upon request, as are profit and loss accounts; supply of any such information will be subject to signature of a confidentiality statement. We understand that the business is run as a ‘sole trader’, and that it currently trades below the VAT threshold. In respect of the business and sale thereof, this would include the business databases, methods and recipes, three registered trademarks, plus goodwill. Please note that stock will be dealt with separately and sold at valuation upon completion.