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Commercial Property for sale

Ground Floor Retail Unit And First Floor Storage, 148 Bath Street, Ilkeston

Removed £125,000

Property Description

Full description

Tenure: Freehold

*GOODWILL OF MOBILITY BUSINESS INCLUDED*
*WELL-PROPORTIONED SHOP UNIT WITH STORAGE*
*GROUND FLOOR SALES OF 707 SQ.FT. (65.72 SQ.M.)*
*PLUS GROUND FLOOR STORE AND MANAGERS OFFICE*
*FIRST FLOOR STORAGE OF 599 SQ.FT (55.66 SQ.M.)*
*TWO PARKING SPACES AT REAR*
*TOWN CENTRE LOCATION*
*PUBLIC CAR PARK AT REAR*


LOCATION
Town centre location on the main shopping thoroughfare of Bath Street.

DESCRIPTION
The accommodation is well-proportioned providing large retail area with suspended ceiling and recessed lighting, separate manager’s office, rear storage space and w/c.

The shop front is 6.08m wide and the sales area is 11.60m deep.

The first floor is accessed via a wide staircase, and provides another large storage facility measuring 6.10m wide and 9.87m deep.

Two parking spaces are located at the rear of the shop.

The floor areas are as follows (based on net internal areas):


GROUND FLOOR
Retail Sales: 707 sq.ft. 65.72 sq.m.

Managers Office: 86 sq.ft. 8.02 sq.m.

Storage: 284 sq.ft. 26.43 sq.m.


FIRST FLOOR
Storage 599 sq.ft 55.66 sq.m.



BUSINESS
The Vendors currently trade as KMA Mobility retailing mobility scooters, stair lifts chairs and beds etc. This is a long established and very profitable business. The last three years trading accounts are available on request. The vendors are planning to retire which is the reason for a sale. The business goodwill is included with the property. Stock is available by separate negotiation. The vendors are willing to train up a purchaser in the running of the business. However, there is no obligation on a purchaser to continue running the business.

PRICE
The freehold interest in the property and business goodwill is available at a purchase price of £125,000. The stock is available by separate negotiation.

BUSINESS RATES
The Premises have a Rateable Value of £5,100 and Business Rates payable of £2,468.40 for the financial year 2016/2017. Please note that many small business operations qualify for Small Business Rate Relief and this can significantly lower your Business Rates Liability. However, please first consult the Local Authority Business Rates department to check if you would qualify for Business Rates Relief.


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