Lincolnshire - 9239GC

£1,695,000.00

Centre Information

  • Size: 9.3 acres
  • Tenure: Freehold
  • Sale Type: Share Sale
  • Business Type: Retail
  • Owned Since: 1975
  • Accommodation: Yes
  • Portal Framed: Yes
  • Glasshouse(s): Yes
  • Canopied Area(s): No
  • Polytunnel(s): No
  • Concessions: Yes
  • Cafe/Restaurant: Yes
  • Aquatic Sundries: No
  • Pet Sundries: Yes
  • Clothing: Yes
  • Farm Shop Sales: No
  • Mains Electricity: Yes
  • Mains Gas: No
  • Mains Sewage: No
  • Mains Water: Yes

Description

FOR SALE: Plant/Garden Centre with two on-site Flats (One Two and One Three Bedroom) for Sale in Lincolnshire.

Freehold circa 9.3 acres (3.77 hectares).

Same family ownership for the past circa 40 years.

Retirement sale.

Located close to main ‘A’ roads and a major Motorway.

Car parking for circa 180 cars.

Comprehensive portal framed and brick built buildings and glasshouses.

Large external plantaria.

Good on-site storage facilities.

Turnover circa £1.1 Million showing Net Profit 8% of turnover and E.B.I.T.D.A. 10.3% of turnover for Y.E. 31st December 2019.

£81,530.00 exc. V.A.T. of existing concession income. (Currently in negotiations with proposed new tenant, if lease agreed then concession income will increase to £95,830.00 exc. V.A.T.).

Option to purchase standalone building for additional £400,000.00, this building houses a further concession which pays £28,600.00 P.A.

EPC Ratings = ‘B’, ‘C’ & ‘G’.

We are seeking £1,695,000.00 for 100% of the issued shares in the company.

Share sale preferred but asset sale may be considered.

To request a comprehensive sales information brochure; please select 'Request Details' below or contact Alexander Mackie Associates Ltd. directly on telephone 01732 522222 quoting reference number 9239GC.

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