Business Centre / Fully Serviced Offices Within Close Proximity Of The Motorway Network In Hampshire | | Portsmouth Hampshire | | This Business Centre provides flexible, high specification fully serviced offices for rent. It is a modern Class B1 building comprising 8,127 sq ft. Include office suites, meeting rooms, boardrooms and conference facilities. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51528
ADVERT IMPRESSIONS : 16,168 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Office Space | | SALE: | Agent Sale | FREEHOLD: | £1600000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | BUSINESS PROFILE
A complete refurbishment was undertaken in 2003 and has been maintained to a very high standard since.
The serviced offices available include office suites, meeting rooms, boardrooms and conference facilities; all supported by state of the art networking, telephony and internet services. Full administrative support is available as well as video conferencing and virtual office facilities.
The building is well located for ease of access being within close proximity of two motorways, rail and bus networks as well as regional airports. It features high-tech security systems, allowing clients to access the facilities on a 24-7 basis.
The owner (a limited company) has run the business successfully since 2000. The rate of occupancy is consistently very high with clients leasing office space of varying size and operating in a range of different business sectors. The space available is ideal for company start-ups, companies relocating to Hampshire, and/or those looking for additional (or reduced) office space.
KEY STRENGTHS
• Well established with over 10 years successful trading history
• Profitable
• Low running costs
• State of the art networking, telephony and internet services
• Maintenance contracts in place
• High occupancy rate providing existing client base
• Excellent transport links with close proximity to:
o Motorway, railway and bus networks
o Regional Airports
• Ample car parking space available for both clients and their visitors
• Excellent reputation in providing a professional and friendly service
CLIENTS & CONTRACTS
The average occupancy rate for the last twelve months has been 80%. The majority of existing tenants are on 12-month contracts, so an established client base is available for repeat/ongoing business.
FINANCIAL INFORMATION
The business is being offered for sale on a going concern basis together with the freehold. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Aspire Business Brokers Ltd.
Turnover at year end 2009 was circa £185,000 with a net profit of circa £100,000
PREMISES
The premises are available freehold and occupy a convenient location close to motorways, a mainline railway station, bus routes and leading regional airports. The property is a well presented office block, fully refurbished in 2003 with an ongoing maintenance programme. Ample car parking space is available.
Fixtures & fittings are included in the asking price, and include:
• Internal glass partitions with privacy blinds
• State of the art:
o Digital telephone system
o Heating and cooling system
o Security systems (including 24hr CCTV Systems fitted with motion detection; swipe card door entry system)
• High quality office desks, chairs and storage units
• Carpeted throughout
• Currently comprising 22 cellular offices
• In addition to the above a fully fitted boardroom / meeting room on each floor
• Fully fitted kitchenette on each floor
• Full fire safety system
• Integrated demonstration suite, located in the ground floor meeting room
• Fully equipped reception area
• Data Cabinets located in secure locked areas with full patching facilities
FEES & STOCK
While stock is not included in the asking price, it will be included in the sale of the business. Due to the nature of the business, stock values are low or neglible.
STAFF
Reception and administrative support is fulfilled by two full-time members of staff, both highly trained in the telephony equipment, the IT connectivity of the building as well as customer relations.
REASON FOR SALE
The current owners wish to divest this business to facilitate the investment in other business initiatives.
GROWTH & EXPANSION
A viable, ongoing concern, there is also potential to increase rentals amounts over the next year to increase profit, while running costs, including established maintenance contracts, have been kept low.
SUPPORT
If required, the existing owners are happy to conduct a structured handover with a new owner of the business. | | | | | | FOR SALE | | | | | REFERENCE: | 3006PB / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
