Spacious freehold old established LADIES' FASHIONS, UNDERWEAR, HABERDASHERY, SOFT FURNISHINGS, HOUSEHOLD GOODS, BLINDS.
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WE ARE INFORMED the turnover averages £3,800 p.w., in our opinion offering tremendous potential for further increase in the right hands. Gross profit 34.5% approx. We are further advised that the sales year ending 31st January 200 showed £156,800 with a gross profit of £49,385.
The vendors have the benefit of an old established concession with ladies' fashions group, Eastex. We understand the stock is supplied by Eastex and the vendors receive a commission of 25% in respect of the sales.
Price
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS, IN THE REGION OF £395,000 plus STOCK AT VALUATION (£50,000 approx.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.
Features
Spacious double fronted SALES SHOP, approx. 44 ft. frontage. The shop has approx. 1500 sq. ft. of sales area. Fully carpeted and well equipped including display stands, display rails, shelving, counter, electronic cash register, etc.
2 fitting rooms. Office.
In addition, on the ground floor is a Staff Room, fully carpeted and with open fireplace.
Opening
Hours
Monday/Saturday incl. 9 a.m. - 5 p.m.
No Sunday trading.
Accommodation
THE SPACIOUS LIVING ACCOMMODATION, all in excellent condition, fully carpeted, comprises:
Side entrance to Hall. Stairs to first floor.
Large spacious Hallway, with french doors to decking area.
Large Lounge, 28 ft. x 14 ft. approx. with high ceiling, 2 chandeliers, open fireplace.
Large Study with open fireplace.
Spacious Dining Room, 16 ft. x 16 ft. with open fireplace (not used).
Small Work Room.
Large fully fitted Kitchen/Breakfast Room, 20 ft. x 15 ft. approx.
Large Bathroom with bath, shower over bath, w.c. and wash hand basin
Stairs to second floor.
1 double Bedroom, 18 ft. x 10 ft. approx. with beamed ceiling and open fireplace.
En suite Shower Room with shower, w.c. and wash hand basin.
Additional double Bedroom with beams.
There is full gas fired CENTRAL HEATING with the exception of the top floor, which has night storage heaters.
IN OUR OPINION IN VIEW OF THE SPACIOUS LIVING ACCOMMODATION THERE IS POTENTIAL, SUBJECT TO THE NECESSARY PLANNING PERMISSION TO CONVERT THE MAIN ACCOMMODATION INTO 4 SEPARATE FLATS.
Included in the sale is a self contained COTTAGE to the rear of the property, at present let on a short-hold tenancy and providing a rental income of £450 per month.
The Cottage, all modernised and with full gas fired CENTRAL HEATING, comprises:
Ground floor: Lounge, separate Dining Room.
Fully fitted Kitchen including cooker and hob.
First floor: 2 double Bedrooms.
Bathroom with bath, electric shower over bath, w.c. and wash hand basin.
Outside
Attractive rear Garden to main property, with paved patio area, gravelled area, flower borders and shrubs.
Outbuilding with w.c. Small Workshop. Potting Shed. Car Parking Space for 2 cars.
Tenure
Uniform business rates: £3,300 p.a. approx. plus water rates (metered).
The business has been in the same hands for the past 20 YEARS and is now solely offered for sale due to the vendors' retirement.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.
