Old established TOY SHOP plus recently established shop opposite specialising in the sale of Nursery Goods, Prams, Pushchairs, Children's Car Seats, Childrens Tricycles, Baby Clothing etc.
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
Shop 1.
WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 35% approx. We are further advised that the sales year ending 31st December, 2004 showed in the region of £350,000 inclusive of VAT.
Shop 2
WE ARE INFORMED the turnover currently averages £3,500 p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit 50% approx. We are further advised that the turnover last year showed in the region of £180,000.
Price
TO INCLUDE THE TWO LEASES, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (Can be reduced to approx. £130,000)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Shop 1
Attractive well established Toy Shop.
Spacious double fronted sales shop approx. 1,400 sq. ft. with fluorescent lighting, fully equipped including modern adjustable shelving with display stands, counter, electronic cash register etc.
Staff cloakroom with w.c. and wash hand basin
Basement approx. 250 sq. ft. suitable for storage purposes plus garage approx. 250 sq. ft. used for storage purposes.
Shop 2
Situated immediately opposite the Toy Shop, established by the present owners approx. 2½ years ago selling nursery goods, prams, pushchairs, children's car seats, children's tricycles, baby clothing etc.
Most attractive and superbly fitted double fronted Sale Shop comprising approx. 1,400 sq. ft. including lower ground floor sales area.
Ground Floor attractive wood strip floor, new ceiling with spot lighting, well equipped including counter, electronic cash register, display stands, wood strips with metal to walls for display purposes.
Open plan staircase to lower ground floor sales area. In addition, there is a customer's lift from the ground floor to the lowe ground floor. The lower ground floor sales area is fully carpeted and again well equipped to a high standard with wood strips with metal to walls for display purposes, display stands etc.
Staff Kitchen
Staff w.c. and wash hand basin
Staff
Shop 1
The business is at present operated by the vendor with the assistance of family help.
Shop 2
The business is at present operated by the vendor with the assistance of family help.
SHOP 2
The superb living accommodation in the form of a SELF CONTAINED MAISONETTE over, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (master bedroom with en suite bathroom with bath, w.c. and wash hand basin) 1 additional bedroom and 1 single bedrooom).
Additional Bathroom with bath, w.c. and wash hand basin
Separate shower room with shower, w.c. and wash hand basin
Large Lounge/Dining Room
Kitchen with fitted units
It will be appreciated upon inspection that the accommodation over, if not required for personal use, could be sublet on a shorthold tenancy to provide a substantial rental income.
Outside
Shop 2 - Yard at rear with parking space for 2 cars
Garage
Tenure
Shop 1
We understand a new 10 years lease from June, 2005 at a rental of £22,000 p.a. exclusive of rates up to June, 2010 with rent review for the last 5 years.
Uniform Business Rates: £6,500 p.a. approx. + water rates.
Shop 2
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease in respect of the shop with maisonette over at a rental of £40,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. The vendors are also prepared, subject to satisfactory references, to grant a new 16 years full repairing and insuring lease in respect of the shop only (excluding the maisonette) at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £6,500 p.a. approx. + water rates (metered)
AS WILL BE APPRECIATED UPON INPECTION THIS RETAIL SHOP WITH ACCOMMODATION OVER HAS BEEN VIRTUALLY NEWLY BUILT AND REFURBISHED TO A VERY HIGH STANDARD.
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED TOY SHOP COMBINED WITH NURSERY GOODS BUSINESS, IN OUR OPINION OFFERING TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
