Engineering & Mobile Cranes (with Freehold Option)

Masterton

$1,235,000

Proposed Usage
Manufacturing
Description:
Property ID
1c11x5t

Engineering & Mobile Cranes (with Freehold Option)

Established 1998 by now retiring owners, this business is exceptionally well established in the Wairarapa where it is based, and in the greater Wellington market.

It represents a unique opportunity for the right buyer to acquire, at the buyer's discretion:

- Structural and general engineering business;
- Mobile crane operation;
- Freehold property, being the commercial premises for the operation in Masterton.

The engineering business is multi-faceted, with the majority of work being structural, along with diverse general engineering capability and track record, and niche market positions which place the business very well in the burgeoning construction sector, and the Lower North Island economy in general.
The business manufactures, repairs and maintains, and holds a reg'd Aus/NZ design for a unique product yet to be leveraged into a very obvious market. A stable trades team of 15, all based in Masterton, have diverse skills and experience.

Mobile crane operation comprises a range of mobile lifting plant from 9 to 40 Tonne, and carries out work for clients throughout the Wairarapa.

Property is a freehold site of 2,380 sqm, with ca 1,607 sqm of factory, workshop, amenities, and mezzanine (gross floor area). Comprises two buildings, one constructed in 1971/72 with addition in 1978, and the second circa 2012.

Owner preference is to sell the business assets as one package but will consider offers for the discrete elements.

Price $1,235,000 (plus Freehold option $815,000)






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