Shop for sale

High Street, Gosport, Hampshire, PO12

£169,950
85 sq. m.

Property Description

Commercial information

  • Business for sale
  • 922 sq ft (85 sq m)

Key features

  • REF: 13786 i
  • LEASEHOLD
  • SHOE REPAIR
  • KEY CUTTING

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe are delighted to offer to the market the successful Sole Connection. Established by our client in 1994 and was later relocated to this site in 2008. The business is now being offered to the market due to our clients wish to retire and move abroad.

This business offers more than the normal shoe repair and key cutting. Services and products include all key cutting, shoe repairs, engraving, stitching repairs, watch strap repairs, dog tags, bag repairs, zip repair and fitting.

The store also offers a retail side with an excellent range of luggage options, rucksacks, wallets, purses, key rings, luggage belts, popular range of binoculars, men's belts, gents braces, shoe and boot laces, insoles, locks, shoe polishes, walking sticks, umbrellas, Dylon clothing dyes, batteries, boot shapers, travel eye masks, door and bin numbers, bike locks and travel accessories.

In the rear section is a large range of glassware (which can be engraved), figurines, clocks and interesting giftware.


LOCATION
Sole connection is located on the high street in central Gosport, Hampshire.

Centrally positioned along the high street which enjoys high footfall and just 2 minutes to the port and directly behind a large pay and display car park. There is an agreement with the public house adjoining that the business has free use of 2 car parking spaces at the rear of the shop.

PREMISES
Ground floor property split into 3 sections.

Retail area with raised window display with, two glass display cabinets, fixed retail shelving to both side and full-length service and work counter which contains two stitching machines, Whitfield Wylie finisher, 100m band scourer, till, card machine, Jakey Colt mark 4 automatic cylinder key cutting machine, Jakey Colt key cutter, Silca crown key cutting machine, Jakey Lynx key cutter, two Jakey Mortice lock key cutting machines and a white Wyle heat lamp.

Work area - Suregrave Teets rotating machine, Vixen glass engraver, Singer sewing Patcher, HP count and Epson printer.

2nd retail area - slightly raised section for giftware with nine tall glass display cabinets, one larger glass hexagon shaped display unit which rotates. All units with lighting.

Rear stock room - fully shelved floor to ceiling with central block of shelving for general merchandise storage, 600l compressor, Pedersen 309 outside stitcher, DN76 insole stitcher.

Staff kitchen area, staff toilet.

TENURE
Long lease term originally 36 years with 27 years remaining.

No rent payable until the 27 years expires.

Rates reduced this year from 14,000 to 7,000.

HOURS
Monday to Thursday: 9am - 5pm
Friday & Saturday: 9am - 4pm
Sunday: Closed

STAFF
Just owner

FINANCIAL PROFILE
2016 turnover 63,898 with a gross profit of 42,269 and a net of 24,237.

The rating valuation has been reduced from 14,500 to 9,700. We are advised by our client that there are no business rates payable.

With no Business rates payable, profit in 2017/18 will increase by 7,000.

EXTRA NOTES
Handover offers available.
Very attractive long lease with no rent.


Nearest stations

  • Portsmouth Harbour (0.6 mi)
  • Portsmouth & Southsea (1.4 mi)
  • Fratton (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portsmouth Harbour (0.6 mi)
  • Portsmouth & Southsea (1.4 mi)
  • Fratton (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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