Allotment Land for Sale in Walsall West Midlands with 75 Spaces and Waiting List
Walsall, West Midlands
- Status
FOR SALE
- Advert ID
656996
- Reference
11286 / Rightbiz
- Call Agent:
- Freehold: £159,950
- Turnover: Not Applicable
- Profit: £9,000
Key Features
- Established tenant base
- Parking space included
Business Details
Investment Land for sale with Allotment sites giving a good profit
A tremendous opportunity to purchase a one acre plot of land turned into an allotment with 75 spaces with 52 of them let and work in progress to complete the total to 75 which will be let as there is currently a 40 waiting list. The site includes 75 allotments together with parking spaces for up to 15 vehicles and a shipping container used by the owners as a store room/office. The site is run by some volunteers who have allotments and have set up a committee to operate the place. The allotment owners pay on average £218 per annum for their site which includes water supply and is on a rolling license with one months notice either way. The land is in a great spot close to Chasewater and has the water supply from a stream that runs by its side. The net profit for the business is around £9,000 per annum but with the further 23 allotments to be ready shortly and a price increase which is due as it has not changed since 2019 this net profit figure could be substantially increased.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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