LONG ESTABLISHED NAUTICALIA BUSINESS
Price:
Leasehold - £39,950
Location:
Isle of Wight , Centre of Village, Seaview
Business Type:
Retail businesses
Long established as The Shipmates Group, the name is well known across the Island, also having branches in Lymington and Salcombe respectively. It is important to note that our client has indicated that the name of Shipmates may remain if required. Specilising in the sale of high margin goods, the business currently enjoys the support of well known major suppliers including Musto, Henri Lloyd, Gul, Chatham, Quayside, Nauticalia, Marlow Ropes and Jack Holt. The business is currently management run and whilst trading accounts relate to the group as a whole, the turnover, gross margins and operational costs can be advised to bona fide applicants after inspection.
TENURE
The property is held on a remainder of a 12 year term, from 25 December 2001. The current passing rent is £6,750 per annum exclusive. It is important to note that the tenant will enjoy the security of tenure provisions of the Landlord and Tenant Act 1954.
Shipmates is located with its main frontage on to Madeira Road and return frontage on to Seaview's High Street. This shop is, in our opinion, ideally located for its trade, in particular capturing the strong seasonal footfall to Seaview's Yacht Club. The relatively prosperous village of Seaview is on the North East coast of the Island. Its immediate population and the seasonal increase support local retailers, who in the main, specialise in niche markets. It is also home to the famous Seaview Hotel and attracts local residents, holiday home owners and tourists alike who flock to enjoy the yachting and beach facilities which Seaview offers.
North Yorkshire
£ 750,000
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