Gift Shops for sale in Sandown

View the "Trading Gift Shop in Sandown Town Centre" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Trading Gift Shop in Sandown Town Centre

Sandown, Isle of Wight, England

  • Leasehold Price: £55,000
Seller Reference: COM917
Request DetailsEmail email
Business Description
 
Image 1 of 1 video_library
Seller Reference: COM917
Request Details
Business Description
A great opportunity to purchase a trading gift shop in Sandown Town Centre.

Location
Situated to the lower end of Sandown High Street this unit is located amongst various independent retailers and multi-nationals including Bet Fred.

Sandown is situated to the East of the Island has always proved a very popular tourist destination.

The construction of the new Premier Inn on the Esplanade will only serve to boost the town further by way of a continual tourist trade. Other permissions recently granted will also enhance the area in the next 12 months.

Description
Sandown Bay Gifts is a very well traded gift shop mostly serving the tourist industry. The gift shop currently trades 11 months of the year and would provide a great owner run business.

This double fronted unit offers two large display windows to the front and a retail space of approximately 70 sq m (753 sq ft) up to racking, plus a store/stock room of approximately 23 sq m (247 sq ft) with kitchenette and WC.

There is a rear access fire escape only from the store and further storage space under the bay windows to the front.
Also included in the sale is a security alarm, CCTV with monitor and hard drive and the property also benefits from an integrated fire alarm system with emergency lighting.

The walls of the property are racked and there are further extra stands and racking available to enable changes to display space as and when required.

Terms
Our client is asking £55,000 for the business to include fixtures, fittings and goodwill plus stock at valuation.

The landlord of the property has advised they will grant a new 6 year lease, subject to references at a rental of £7,500pa. There is an annual service charge payable which of £75 plus VAT and a 40% contribution towards the buildings insurance and a rent review at the end of year 3.

Business Rates
The VOA shows a rateable value of £8,200. Using the current UBR the business rates payable will be circa £4,000, this does not include any applicable small business rates relief.

.
Tenure:
Leasehold
Leasehold Term:
The landlord of the property has advised they will grant a new 6 year lease, subject to references at a rental of £7,500pa. There is an annual service charge payable which of £75 plus VAT and a 40% contribution towards the buildings insurance and a rent review at the end of year 3.
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Note: Please select your full postcode from address menu

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder image
loder image