Fancy Goods Shops for sale in Shanklin

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Adam Warren (Jan 2017)
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Leasehold Price: £65,000
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Business Description
Location
Set in the heart of the Old Village of Shanklin on a prominent corner site.
Description
Business transfer of a gift shop trading from a retail unit on a corner site in the heart of the renowned Old Village of Shanklin.
The current owners have traded the business over the last nine seasons and are now looking to retire. Grange Gifts stocks a wide range of goods to suit all tastes and pockets which could easily be tailored to suit a new owner's requirement.
The business transfer is being offered along with the balance of a 21 year lease granted in November 2007. Rent £13,600 per annum with the next rent review being due in three years. Trading accounts will be provided to bona fide applicants.
This corner situated property has four large and one small display windows fronting the street. There are two glazed recessed doors making for a light and bright shop beautifully presented by the current tenants.
The retail space amounts to approximately 83 m², plus various alcoves, arranged over three separate areas. The main ground floor space occupies two levels over approximately 53 m², the remainder of the retail space being in two separate areas accessed by short flights of steps. Additionally, there is ground floor storage, WC and kitchen area and further storage in an extensive cellar area. A passage to the side of the property leads to further storage/bin area.
Business Rates
RV £12250 (multiplier 0.467 before any small business relief).
Terms
Our clients is asking for
Tenure: Leasehold

Leasehold Term:
Balance of a 21 year lease granted in November 2007. Rent £13,600

Listed by: Hose Rhodes Dickson

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COM789
Seller Reference:
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