Car workshop/storage space how much?

[RobMatthews]

Your opinions please!

I have the opportunity to buy the barn im currently renting(via a big loan/morgage), and was trying to work out if it was a viable business idea to split inside up into workshop spaces/storage for people like myself who like to play with cars/bikes/boats/vehicle restoration/sex dungen/whatever legal

-Each \'unit\' would be secure block walls with a roller shutter door which would be lockable
-Each unit has lighting and power(on a meter)
-Each unit is within the barn which means you can drive in and out of the weather to get to your unit (get a 7.5T lorry in no problem)
-Inside and out will be covered by quality cctv should someone try something
-To enter the barn would be via secure electronic keycard.
-I may provide a communual, 4 poster lift which can be rented for a set low price maybe £5 per hr on a one off basis/free to use for people renting a unit(terms and liability waivers would be in place)

-For a guide on unit size i\'ll be looking at maybe £25 a week on a unit 5 mtrs x 4.5 mtrs or 5 mtrs x 9 mtrs £30 per week (bigger also available!)
-unit height is aprox 3.5mtrs
-floor of the barn is level, and finished in an epoxy resin making it smooth and easy to clean.
-No yearly contracts

Couple other thoughts are;
-I also have a car trailer kept at the barn, that could be rented out at a discounted price.
-I may even get an air compressor in there with outlets in each unit if enough people are interested.

Barn is located in cornwall, near rame cross


So couple of questions,
Would this sort of unit be of interest to anyone in the area?
Cost? - to high/low
Anything i should do to increase intrest?

If you are part of a club in the cornwall area please copy and paste this on your site,or point me in the right direction, so I can gauge interest to see if this would be a viable thing to do!

If you are interested or think someone else may be, please contact me-my email is robmatthews81@yahoo.co.uk

[shaunwil]

Have you investigated the insurance requirements for a commercial option.

If I lived closer to you I\'d jump on the idea at those kind of prices, especially in our weather !  

Shaun

[jetpilot]

Just a suggestion, if you have suitable height which it sounds like you do, a racking system for jet ski storage would probably be popular over winter (maybe summer), but you would need a fork lift also!

[rx-dave]

A few things to consider being a unit owner. Insurance as mentioned, the ramp will need to be certified if \'rented\' out, public liability, you\'ll pay 20% VAT as it\'s a commercial venture, your \'income\' would be subject to tax, biz rates are 40% of the rateable value and these values would be decided by your local council.
These are just based upon my personal commercial rent experience and may differ but when offering mega low rents it may need to be higher to at least cover your outgoings.
Dave. :Thumbs-up

[grinder]

im with shaun on this - i would snap your hand off at those prices !

there are some units i have been looking at up here

and one is 38ft * 18ft and thats 400 a month

another one is the size of a double garage ( but twice as tall ) and thats about 190 a month

so i reckon your prices are CHEAP !!!!!!!!!

But with that , you should have no probs renting them out

[RobMatthews]

As has been mentioned I need to look into insurance costs and who do I call about council tax, rates etc

[L18M]

good idea and good prices.
i saw on a motoring prog that some places, garage have ramps etc which they hire out per hour.

this would be quite labour intensive though for you, depends if you have the time. or even hire for the day?
i know a few people who are always asking to borrow a garage or somewhere under covers but they more in devon area.

if you have "my" facebook page then you more than welcome to post up on there but think you maybe a bit far for them. no harm in trying.