*With an Ingoing Premium of £60,000* Electrical wholesaler operating from trade counter. Low overheads from rented units c. 216 sq ft retail + office, store with ample parking. EPC Rating D & G. Read more
*With an Ingoing Premium of £60,000* Electrical wholesaler operating from trade counter. Low overheads from rented units c. 216 sq ft retail + office, store with ample parking. EPC Rating D & G.
LOCATION The premises are located on the outskirts of the North Cornwall resort of Bude at Bude Business Centre and serving the surrounding areas including Bude, Launceston, Holsworthy and other villages nearby.
THE PROPERTY The premises comprise of two small lock-up units in the popular Business Centre of Kings Hill Industrial Estate. The first unit on the left hand side is the main trade counter, offering approximately 216 sq ft and stairs to mezzanine floor. On the right hand side there is the main office with store room behind and stairs to small mezzanine floor for storage.
Outside there is ample parking within the business centre and two spaces immediately outside for customers to collect their goods.
TENURE The premises are held on monthly terms at a current rental of £250 per unit, per month. With an ingoing premium of £60,000. In addition there are rates and outgoings to pay. An incoming purchaser will need to supply the Landlord with the usual bank and trade references for their approval.
THE BUSINESS The business is that of an electrician's supply service providing goods for local traders throughout the area predominately commercial customers (80% of clients are Business to Business), but also some residential. The unit opens 8am-5pm Monday to Friday and 9am-1pm on Saturday. The business will have been established 18 years in August 2017. It is operated by the owner and one permanent part time member of staff. Also included within the sale is the website www.the-electricians-store.com
According to the accounts dated year ending August 2014 the turnover was £140,645, for 2013 = £172,458 and for the year ending August 2012 £155,782. A substantial and respectable five figure profit has been achieved and accounts will be made available to those seriously interested parties who have inspected the premises.
The business has the ability to supply thousands of electrical items to the trade and, indeed, the business is available at a quoted asking price of £60,000 plus stock at valuation (depending on the time of year, an additional £14,000-£20,000).
The business sells a whole variety of wiring and electrical components for all types of commercial and residential building work.
The accommodation briefly comprising:
MAIN TRADE COUNTER 16'8" x 12'9" (5.08m x 3.89m). Shelving and main counter.
OFFICE 6'8" x 12'2" (2.03m x 3.7m). Telephone system
STORE 10'5" x 12'4" (3.18m x 3.76m). With access to part mezzanine over
AGENTS NOTE There is the ability to use the main toilet and shower facility in the reception office of the main business centre, which is shared.
RATEABLE VALUE Unit 1 - £1,650 Unit 2 - £1,650 UBR, as of April 2013, 47.1p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website www.voa.gov.uk regarding this figure.
VIEWING Strictly by appointment through the selling agent.
VAT We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk