Summary - CITY HALL, QUEEN VICTORIA SQUARE HU1 3RQ
1 bed 1 bath Heavy Industrial
**Standout Features:**
- Annual turnover at £7.5m with a projected £12m for 2023-24
- Impressive net profit of £1,125,000 and high conversion rate of 15%
- Extensive property size of 10,764 sq ft, predominantly industrial facility
- Strong development potential, forecasting turnover of £20m by 2025 with an anticipated £3m net profit
- Fully managed, with a fleet of vehicles and ISO accreditation
**Potential Concerns:**
- Located in a very deprived area with high crime rates
- Very slow broadband speeds may hinder operations
- Leasehold property with a substantial ground rent of £120,000
Explore the potential of 'Project Loidis', a robust nationwide business in the Engineering, Construction, and Contracting sector for the Oil, Gas, and Petrochemical industries. This heavy industrial property offers an expansive fabrication facility, and with an excellent mobile signal, is well-positioned for operational efficiency. While the area has its challenges, such as high crime rates and limited broadband speeds, the financial forecasts present a compelling opportunity for savvy investors or buyers looking to capitalize on growth in a vital sector.
With a turnover anticipated to double in just two years, this is a rare chance to engage with a high-performing business. Secure your future with this fully managed investment.
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