Superior JEWELLERY & GIFT SHOP
Price:
Leasehold - £13,950
Location:
Gloucestershire
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : ATTRACTIVE FIRST FLOOR SINGLE FRONTED SALES SHOP approx. 400 sq. ft. sales area with laminated strip floor, spotlighting, 19 high quality display cabinets, shelving, counter etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £1,350 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60/65% approx.
We understand the premises are held on a secure renewable lease for a period of 10 years from August, 2008 at a current rental of £11,500 p.a. exclusive of rates up to August, 2011, increasing at that time to £12,500 p.a. exclusive of rates up to August, 2012 with a further increase at that time to £13,500 p.a. exclusive of rates up to August, 2013 and a further increase at that time to £14,500 p.a. exclusive of rates up to August, 2014, with rent reviews thereafter. We are further advised that the lease contains a Break Clause in August, 2013 with the tenants having to give 12 months notice.
Uniform Business Rates we are advised in the region of £5,500 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £13,950 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated sought after shopping arcade, GLOUCESTERSHIRE
Monday - Friday inclusive - 10 a.m. - 5 p.m.
Saturday opening - 9.30 a.m. - 5.30 p.m.
Sunday o
North Yorkshire
£ 750,000
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