*With an ingoing premium of £39,950* This is a gift shop selling a range of jewellery, gifts & cards.Operating from lock-up premises with a large basement. EPC Rating E. Read more
*With an ingoing premium of £39,950* This is a gift shop selling a range of jewellery, gifts & cards.Operating from lock-up premises with a large basement. EPC Rating E.
LOCATION In a busy town centre trading position, opposite the Grade I listed church of St Mary Magdalene; this property occupies a bold corner trading location, within a short level walking distance of the main town centre.Launceston is often referred to as the Gateway to Cornwall, just off the A30 link into the county. The town is 42 miles West of Exeter and 26 miles North of Plymouth.Launceston is mid-way between the North and South coast of Cornwall and is a popular tourist destination as well as being the main commercial centre with a population of around 9,000 inhabitants, which is boosted during the summer months with an influx of tourists.The town offers and interesting selection of local and national retailers with a diverse culture of cafes, bars and restaurants.
THE PREMISES The property comprises of a ground floor lock up shop with office behind, and stairs below to a large basement with storage rooms. The premises offer approximately 470 sq ft of retail space with excellent triple fronted display windows and within the shop are various shop fittings, corner counter and glass display cabinets that will be included within the sale of the business.Steps lead down to the cellar, where there is a staff cloakroom and four small storage rooms.
TENURE Our clients own the freehold of the premises and are seeking to retire and sell the business as a going concern and provide a brand new lease for a term to be agreed at a commencing asking rental of £6,000 per annum and an ingoing premium of £39,950.
THE BUSINESS Operated by our clients for the past 17 years, now available only due to retirement, the business is that of a gift shop selling jewellery, gifts and cards etc.The shop opens 6 days a week and is under the personal supervision of a husband and wife team.Opening hours are 9am 5 pm with a member of staff working 4 days a week and another working one day a week, all year round.The turnover for the year ending 2016 was £97,463 and for the financial year of 2017 was £96,991.The gross profit for those years were £50,680 and £51, 348 respectively.A healthy net profit is achievable and we thoroughly recommend viewing this going concern business. Accounts will be made available to those seriously interested parties who have inspected the premises.
AGENTS NOTE A purchaser will need to provide the usual trade and bank references for Landlords approval.
The accommodation briefly comprises:
SHOPInternal depth of 24' (7.32m) x 19'6" (5.94m) Internal depth MAX. Of irregular shape..Benefitting from triple aspect window, with a range of glass fronted display cabinets, fully fitted shelves, corner counter, light fittings and window displays etc. Door to
INTERNAL OFFICE15' x 13' (4.57m x 3.96m).With sink unit
LOWER GROUND FLOOR
STOREROOM ONE13' x 16'11" (3.96m x 5.16m).Of irregular shape.
STOREROOM TWO6'1" x 7' (1.85m x 2.13m).Of irregular shape.
STOREROOM THREE6'5" x 12'3" (1.96m x 3.73m).Of irregular shape.
STOREROOM FOUR7'2" x 10'5" (2.18m x 3.18m).Of irregular shape.
STAFF CLOAKROOM With lobby, wash hand basin and low level toilet.
SERVICES With electricity, water and drainage.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £9,200 UBR, as of April 2017, 47.9p 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 regarding this figure.
COUNCIL TAX BAND To be advised.
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.ukhttp://list.english-heritage.org.uk