Description
Hilton Smythe welcomes to the market Stillwell Construction Ltd
Stillwell Construction Ltd is a NHBC registered developer who have developed a block of 7 apartments, consisting of;
five 2 bed and two 1 bed which have 5 years NHBC remaining.
The apartments are currently let out with the below rental income:
Flat 1 = £650 pcm - occupied
Flat 2 = £625 pcm - currently empty
Flat 3 = £625 pcm - occupied
Flat 4 = £650 pcm - occupied
Flat 5 = £625 pcm - occupied
Flat 6 = £675 pcm - occupied
Flat 7 = £750 pcm - occupied
Stillwell Construction Ltd has been incorporated for over 10 years and due to their hardwork and dedication they were successful in becoming an NHBC approved developer.
The apartments have 5 years NHBC cover remaining.
The owner is now looking to sell the business along with the assets of the 7 apartments to concentrate on other business ventures.
Hilton Smythe highly advise early viewing as this business is likely to attract considerable interest.
Tenure
Freehold
N/A
Hours
N/A
Staff
The business is run and managed by our client.
Financial Profile
We are advised Stillwell Construction Ltd generated an advised turnover of over £51,029, with a gross profit of £38,108 and net profit of £1,533.
Assets valued circa £1,090,000.
Location
Stillwell Construction Ltd owns and manages a block of apartments which are located along Queensborough Road in Sheerness on the Isle of Sheppey.
Sheerness is a town beside the mouth of the River Medway on the North-West corner of the Isle of Sheppey with a population of 12,000, it is the largest town on the island. Beginning with the Construction Ltd of a pier and a promenade in the 19th century, Sheerness acquired the added attractions of a seaside resort.
Industry retains its important place in the town and the Port of Sheerness is one of the United Kingdom's leading car and fresh produce importers.
The Isle of Sheppey is an island off the northern coast of Kent in the Thames Estuary and has an area of 36 square miles which is located approximately 46 miles East of London.
The nearest train station to the apartments is Sheerness on Sea (SSS) which is 1.6 miles from the apartments, where you can get to London Victoria in approximately 1.5 hours, calling at other stations such as Chatham, Swanley and Bromley South.
Premises
Stillwell Construction Ltd is being sold as ‘business only’.
To include the assets of the 7 apartments.
