Shares Available in Profitable Newport Construction Business & Development

Newport, Newport
REF: INT2050

Asking Price:
£120,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: INT2050
Photo of Shares Available in Profitable Newport Construction Business & Development

Overview

Tenure:
Freehold
Established:
2022
  • Excellent Reputation
  • Friendly & Professional Team
  • Huge Growth Potential
  • Spacious Premises
  • Secure Contracts

A unique opportunity has become available to purchase shares in a profitable Newport based construction company. This acquisition will also result in shares of an exciting new residential development opportunity, including land with planning permission in a prime location.

At present, the business has plans to develop a plot of land with a redundant community centre and nursery. The existing buildings are constructed from stone with feature buff brick coursing and quoins, the windows are stained timber and they contain a slate roof. There is also a landscaped courtyard on Level 1 which has great potential if maintained well.

The premises are located within a 5-minute walk to Newport’s main transport and shopping hubs, benefiting from an ideal location.

There are plans to convert the existing buildings into one and two-bedroom apartments, along with a house of multiple occupation, in order to create a sustainable community whilst still maintaining the character and contribution of the existing architectural features.

The existing buildings are made up of two structures – a community centre and a nursery. They benefit from being a short walk away from transport links and shopping centres within Newport and would be an ideal location for the planned apartments.

Within the existing buildings, there are architectural features which will be kept when building the new apartments and a landscaped courtyard which would thrive if maintained well.

The nursery will be converted into 8 apartments accessed from the newly landscaped courtyard and the community centre will house 11 apartments.

The aim is to close the gap between the community centre and adjacent houses with a 4-storey house of multiple occupations, with the courtyard forming a shared amenity space.

The growth potential for a successful purchaser would be huge. This ongoing development boasts stunning architectural features and benefits from an ideal location with transport links and shared amenities.

With the right marketing strategies and local advertisements, these apartments will be extremely sought after, and are sure to sell quickly in the current climate. HMOs can be a fantastic investment as they often produce rental returns far in excess of those offered through traditional buy to let investment. Demand for multi-let property is increasing and in the right area, assets can end up with very few voids as tenants favour affordable flexible housing.

Yields on HMOs averaged 7.5% in 2021, which is a significant uplift over traditional BTL properties, which averaged just 3.63% over the same period. Rental yields vary across the country so as with any investment, therefore a potential purchaser should conduct their own suitable research.

Features

Key Information

  • Services Offered: Other

Online Presence

Website: NA

Location

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  • Home Based
  • Residential Location
  • On-Site Car Parking
  • Limited Competition

Property

Rates
TBC
Accommodation Included
No
Freehold Property Value
£120,000
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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