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For Sale£35,000.00

Grange Gifts High Street Shanklin

Retail, Retail - High Street
Property type: Retail, Retail - High Street
Tenure: Business for sale
Price: £35,000.00
Location: 95-97 High Street, PO37 6NS
Old Village Shanklin. Gift shop business transfer and lease assignment.
LOCATION
Set in the heart of the Old Village of Shanklin on a prominent corner site.

This location is popular with tourists and locals alike and its position opposite the main car park is ideal to take advantage of the high footfall through the village.

DESCRIPTION
Business transfer of a gift shop trading from a beautifully presented retail unit on a corner site in the heart of the renowned Old Village of Shanklin.

The current owners have traded the business over the last nine seasons and are now looking to retire.

Grange Gifts stocks a wide range of goods to suit all tastes and pockets which could easily be tailored to suit a new owner's requirement.

The business transfer is being offered along with the balance of a 21 year lease granted in November 2007. Rent £13,600 per annum with the next rent review being due in three years.

Trading accounts will be provided to bona fide applicants.
ACCOMMODATION
This corner situated property has four large and one small display windows fronting the street. There are two glazed recessed doors making for a light and bright shop beautifully present by the current tenants.

The retail space amounts to approximately 83 sq m arranged over three separate areas. The main ground floor space occupies two levels and amounts to approximately 53 sq m, the remainder of the retail space being in two separate areas accessed by short flights of steps.

Additionally there is ground floor storage, WC and kitchen area with additional storage in an extensive cellar area.

A passage to the side of the property leads to a further storage/bin area.
TERMS
Our clients is asking for £58,000 for the business, fixtures, fittings, goodwill and the transfer of the existing lease, plus stock at valuation.
OUTGOINGS
The VOA shows a rateable value of £12,250. Using the current UBR rates payable will be approximately £6040 per annum not including any applicable small business rates relief.
VIEWING
All viewings to be arrange via HRD Commercial. Please contact 01983 527727.
Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.
Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.
Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
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