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For Sale£45,000.00

Regent Cards 15 Regent Street Shanklin

Retail
Property type: Retail
Tenure: Business for sale
Price: £45,000.00
Location: 15 Regent Street, PO37 7AF
Business transfer and lease assignment of well established greeting card and gift shop business in excellent trading location on Regent Street, Shanklin. Shanklin is a popular coastal town attracting a large number of visitors in the course of the year.
LOCATION
Located on Regent Street, the main retail area of this popular town.

DESCRIPTION
The business trades all year with good local trade augmented by visitors to the town during the summer months. The business shows a good turnover and net profit and is very smartly presented.

The business is well established and has been is existence since the mid 1970's and run by the present owners for the last three years.

Offered is the business transfer and assignment of the remainder of the lease which expires in 2024. Rent £10,000 per annum. Stock at valuation.

The main shop is double fronted with recessed door. The main retail area is approximately 40.9 m sq and occupied by card racks and display shelves. There is a stock room to the rear ( 3.7 m x 3.1 m) with storage racking, WC and sink unit with electric water heater.

OUTGOINGS
Current Rateable Value £8300, rates payable approx. £3980. The current owner has advised they pay zero rates under the small business rates relief scheme.
VIEWING
All viewings to be arranged 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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