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Oct 15, 2019 23:58:45 GMT
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I thought this might be of interest to people who wonder what stuff costs - a zero-rated industrial premises which a relative of mine has just purchased; A short-ish journey outside of Cardiff, (nice area), 100ft x 18 ft, 3 phase electrics, plumbed for water & sewage with sliding, sectional 12 foot wide entrance doors. I'm guessing this building is no newer than 1930's but has been re-roofed in box profile sheeting. We think the previous occupants were locked out for non-payment and a lot of tools have been left including; several compressors, (one super-heavy-duty), a dessicant air dryer unit, mig welder, tig welder, oxy-acetylene gear, shot-blasting cabinet, engine hoist, paint drying heaters, every corner of the unit is piped for compressed air, there are umpteen tool cabinets and random power tools everywhere as well as a boat trailer, outboard engine & umpteen good fishing rods / reels. Golf GTi not included and, sadly, a 2-post lift was removed before he put his offer in. Behind me in the photo is an unfinished full spray-booth approximately 20 foot long and to the side of that a store room fully racked out with Dexion racking of approximately 15 foot by 8 foot. My relative is close to retiring from his current career and wants to hoard cars but also do some engineering / tuning / refurb work to keep the cash flowing.     It's a bit run down, a few leaks need fixing. (Nice) housing on 3 sides and a secure vacant plot on the other side, what would this cost in your neck of the woods? |
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Last Edit: Oct 16, 2019 16:59:45 GMT by MkX
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brachunky
Scotland
Posts: 1,339 
Club RR Member Number: 72
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Unitbrachunky
@brachunky
Club Retro Rides Member 72
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Oct 16, 2019 10:45:47 GMT
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No idea what that would cost but I bet it was snapped up for a song!!! Looks just the job.
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Oct 16, 2019 14:39:05 GMT
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No idea what that would cost but I bet it was snapped up for a song!!! Looks just the job. Unfortunately not for a song but for a fair price, if it was somewhere like Merthyr Tydfil then I'd have expected a bargain closely followed by trouble, I won't give the price away yet. |
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moglite
Part of things
Posts: 815
Club RR Member Number: 144
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Unitmoglite
@moglite
Club Retro Rides Member 144
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Oct 16, 2019 14:44:07 GMT
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I have no idea, but would be very interested to know approx costs.
If anyone would know the approx cost of something similar in Hampshire - I'd be even more interested.
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1967 Morris Oxford Traveller
1979 Toyota LandCruiser BJ40
1993 Daimler Double Six
2007 Volvo XC70 2.4D
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brachunky
Scotland
Posts: 1,339
Club RR Member Number: 72
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Unitbrachunky
@brachunky
Club Retro Rides Member 72
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Oct 16, 2019 20:26:40 GMT
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Put it this way, tonight I went to see a unit advertised for the bargain price of £3900pa but the agent did not know the sqft on the phone. Got there to find an awful space of about 18ft by 24ft with no provision for lekky.So over £300 per month far a dank excuse of a unit!No thanks
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Oct 16, 2019 21:10:43 GMT
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Put it this way, tonight I went to see a unit advertised for the bargain price of £3900pa but the agent did not know the sqft on the phone. Got there to find an awful space of about 18ft by 24ft with no provision for lekky.So over £300 per month far a dank excuse of a unit!No thanks I was just teasing my relative, (they had / have a thing for classic minis), that if they stripped out all the non-essential curse word they'd get at least 24 cars in there!  |
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The problem that you have is that anything for sale that holds land and has potential for development will always be chased by investment money - Units for sale rarely come to the market but when they do in my neck of the woods anything from 500 sq ft - 1500 sq ft is going to require a budget of £120k - £250k to purchase outright - units to let around me (North Hampshire) 500 sq ft £5.5k - 950sq ft £9.5k per annum - and those are exclusive prices there will be vat / rates + other overheads on those lease costs although most small scale business / not for profit use can claim small business rates exception - You will get cheaper prices in the more industrial areas of the country for instance the West Midlands / Yorkshire / Lancashire or the more remote areas like Scotland & Wales - the other option is to sell up & purchase a property that has land or buildings such has a small holding / small farm etc which is what I considered when going through the planning issues with my workshop.
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Last Edit: Oct 17, 2019 9:42:50 GMT by Deleted
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Oct 17, 2019 15:00:05 GMT
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The problem that you have is that anything for sale that holds land and has potential for development will always be chased by investment money - Units for sale rarely come to the market but when they do in my neck of the woods anything from 500 sq ft - 1500 sq ft is going to require a budget of £120k - £250k to purchase outright - units to let around me (North Hampshire) 500 sq ft £5.5k - 950sq ft £9.5k per annum - and those are exclusive prices there will be vat / rates + other overheads on those lease costs although most small scale business / not for profit use can claim small business rates exception - You will get cheaper prices in the more industrial areas of the country for instance the West Midlands / Yorkshire / Lancashire or the more remote areas like Scotland & Wales - the other option is to sell up & purchase a property that has land or buildings such has a small holding / small farm etc which is what I considered when going through the planning issues with my workshop. This unit is not far short of 2,000sq ft, I know it was for sale at just under £80K but he didn't pay that, (I'm guessing £75-ish). He's inherited a few grands worth of equipment but I reckon he'll have to throw £5K-£10K at sorting out roofing issues, electrics, alarm, cctv, etc. before he can think about getting it clean and sound to store things in & work in. It was owned by an investor, I don't think there would be any realistic option to redevelop the building or site significantly as it is hemmed in by a few nice houses, (forming the garden wall of two of them) and they doubtless wouldn't want windows overlooking them. It has no outward facing windows anywhere, only skylights, (clear roofing panels). I know he won't sell it but I think if it was made dry and improved cosmetically he could sell it on at a much improved price. I will admit to being somewhat jealous! |
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slater
Club Retro Rides Member
Posts: 6,390
Club RR Member Number: 78
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Unitslater
@slater
Club Retro Rides Member 78
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Oct 18, 2019 13:02:48 GMT
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Sounds about right. I'm in Birmingham and I paid 75k for my unit. Its 6x24m so a simlar size. It's on an industrial estate but it's very rough and rundown so not the kind of place you would want to run a legit buisness from imo. That said it works both ways as you can get away with alot you wouldnt in a nicer place.
Decent units are hard to find in this price range really because they are regularly 'developed' and if they do get replaced they are only avalible to rent which is a mugs game.
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Decent units are hard to find in this price range really because they are regularly 'developed' and if they do get replaced they are only avalible to rent which is a mugs game. Yeah the previous occupants were probably always running to make enough money to pay the rent until they couldn't and they came in one day to find the locks swapped and all their tools forfeit. It's located in a small town with low crime. I'd suggested to my relative as soon as the sale officially goes through he should introduce himself to the owner's of the surrounding properties and give them contact numbers so they've got someone to call just in case an alarm goes off in the middle of the night or something, it would also mean that they'd hopefully have a few sets of friendly eyes looking out for him when he's not there. I'll suggest he doesn't offer to fix their daughters' car for free as that didn't work out well for @grumpynorthener ! |
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