Former SWP sawmill for rent - Oct. 30, 2013
The Bayside Sawmill, formerly owned by now-bankrupt SWP Industries, is available for rent. The sawmill was purchased by Southern Sanitation, who are hoping to rent the property out to be used as a sawmill.
The former SWP sawmill in Bayside is now for rent.
The property was sold at auction on May 7, where it was bought by Southern Sanitation.
“We bought the property to have it as an investment,” said business owner Troy Tuddenham.
“We buy old buildings, fix them up and try to rent them.” According to provincial assessment records information, the property was purchased for $150,000 on June 4. The current assessed value of the property is listed at $207,500.
That property, and the value placed on it, is not based just on the sawmill that halted its blades when SWP declared bankruptcy last year on Oct. 25. There are also several other buildings, including an office, what Tuddenham described as a “kwanza hut,” and an additional outbuilding.
All of the buildings are available for rent. Until someone expresses a legitimate interest, Tuddenham said all of the buildings except for the sawmill will be used by Southwest Sanitation for storage. Tuddenham said he initially had some interest in renting out the sawmill, but the interest turned out to be “tire kickers.”
It’s been almost a year since SWP, a local manufacturer of cedar and vinyl fencing and other products, was forced to declare bankruptcy. Despite that year sitting idle, Tuddenham said the equipment in the sawmill is all in working order.
“The biggest thing is that cedar sawmill is all intact ... it’s turnkey, all someone has to do is a little bit of maintenance of the sawmill.”
The possibility that an interested renter doesn’t step forward isn’t of a major concern for Tuddenham, although he is hoping to attract one. If the sawmill doesn’t attract a renter, he said Southern Sanitation will simply disassemble the mill and sell off the equipment.
“If we have to, we’ll part it out.”
Founded in 1995, at its pinnacle SWP Industries employed more than 200 people. When the company closed its doors, 24 people were on the payroll.
SWP also appeared on the CBC show “The Big Decision” earlier in 2012 where they lobbied for a $2 million investment from Boston Pizza owner Jim Treliving, which he ultimately declined.