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Agent's details

BUSINESS AND PREMISES FOR SALE*, Rainbows End, 42 Broad Street, Newtown, Powys, SY16 2AU

For sale: £40,000.00|2,335 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£40,000.00
SIZE2,335 Sq Ft
ADDRESSBUSINESS AND PREMISES FOR SALE*, Rainbows End, 42 Broad Street, Newtown, Powys, SY16 2AU
TYPERetail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON12th October 2021


The property comprises of a substantial part three and part single storey property that fronts onto Broad Street and has access at the rear from Crown Street. The property provides a large ground floor retail unit with a fully glazed shop front onto Broad Street and provides a Total Net Internal Sales Area of approximately 2,335 ft sq (216.80 m sq). The ground floor also benefits from stores, staffroom and toilet facilities.

The upper floors of the property are accessed externally from the rear of the property from Crown Street. They provide a variety of rooms that could be used as stores or as a residential flat, subject to statutory consents. At the rear of the property there is a parking area, suitable for 3 cars, accessed from Crown Street.

Rainbow's End (Newtown) was opened by the vendors in 2001 and is only reluctantly offered for sale due to retirement. The business, occupying the ground floor accommodation, has established an enviable reputation as a 'Lifestyle Store' selling a wide range of ladieswear, menswear, giftware and cards, both in-store and online. The business is profitable and extremely well supported by the people of Newtown and the surrounding area.
The business currently opens:
Monday to Saturday - 9am to 5pm.
There is tremendous potential for further expansion and diversification of the business and the freehold, subject to any statutory consents.
The business currently employs four part time sales assistants. TUPE legislation will apply. Further details are available from the selling agent.

Further detailed information relating to the business including audited accounts are available from the selling agent upon request.

A detailed inventory of fixtures and fittings included in the sale of the business are available upon request.

The property is located fronting onto Broad Street, which serves as the prime retail street in the retail hierarchy serving the town centre of Newtown.

The property is prominently located nearly directly opposite Ladywell Shopping Centre and other surrounding occupiers including WH Smith, Spar and Barclays Bank. The rear the property is accessed from Crown Street.

Newtown is an established market town and administrative centre with a significant catchment area , which is located approximately 33 miles south west of Shrewsbury and approximately 13 miles west of the town of Welshpool. The town benefits from a new bypass.

Large prominent ground floor lock up shop unit in the prime retail street in Newtown Town Centre

Total Net Internal Sales Area of 2,335 ft sq (216.80 m sq)

Upper floors providing residential potential (subject to statutory consents) and parking at rear

Substantial property offering significant development/investment potential (subject to statutory consents)

( Agency Pilot Software Ref: 48892 )


Location: BUSINESS AND PREMISES FOR SALE*, Rainbows End, 42 Broad Street, Newtown, Powys, SY16 2AU

Newtown (Powys) (0.3 miles)

Caersws (5.0 miles)

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