Retail Property (high street) for sale

Macdonald's Hardware, 53 High Street, Dingwall, Ross-Shire, IV15

Offers Over 600 sq. m. | £695,000

Property Description

Commercial information

  • Business for sale
  • 6,458 sq ft (600 sq m)
  • Use class orders: A1 Shops

Key features

  • Excellent retail business in a prominent trading position
  • Well-established with a long trading history
  • Significant turnover generated from a wide selection of sales
  • Deceptively spacious with a net trading area of around 465m2
  • Superb location within popular Town of Dingwall
  • Access to plenty of car-parking space

Full description

Tenure: Freehold

DESCRIPTION
MacDonald's Hardware is a flourishing retail business in a prominent trading position located within the town centre of Dingwall. This prosperous and attractive trading entity is well-established with a long trading history going back some 50 years. The building dates from 1875 and has been in the ownership of the current operators since 1996. Today it remains a vibrant and highly profitable business with a strong and loyal customer base.

The significant turnover is generated from a wide selection of sales which include general household goods, gifts, gardening equipment, pet supplies, brewing supplies, general hardware and DIY items to name the main categories. There is also a highly successful cookware shop incorporated within the store. Macdonald's Hardware is deceptively spacious with a net trading area extending to about 465m2. The store is set out intelligently making the most of this expansive space, utilising a wide range of shelving and racking plus free standing display units. The frontage of this unit is just over 9 metres wide but extends internally to over 50 metres.

On the first floor there are a selection of rooms which could be utilised more fully to drive the business further. Subject to consents there may be scope to introduce a café style facility which could be a great income generator in its own right but could drive additional footfall. The current owners have been reducing their input into the store in recent years to reflect their desire for an improved work-life balance. It is the vendor's belief that new and younger operators, or someone looking for a sound business development opportunity, could build on the existing trading patterns through the provision of additional services thereby raising the business performance. The retail unit is set in the town centre and benefits from an existing high customer basis. The store is highly popular within the wider community and benefits from a sound reputation. The property is of traditional construction and soundly presented internally. The open plan layout of the sales areas allow for the flexible use of space. The business currently employs a shop manager and staff allowing the vendors to take extended periods away from the business whilst retaining a strong profitability. New owners wishing to take on a fuller role would be able to drive the business to the next level. There is ample free car parking for this busy town centre nearby.

REASON FOR SELLING
The business has been owned and successfully operated by our clients since 1996. It is their desire to retire that brings this fantastic business opportunity to the market. This sale would suit someone already in the retail sector or associated building trades or could easily be a new to sector buyer seeking a sound self-employment opportunity providing a good level of return on investment. The vendors have intimated that they would be willing to provide an on-going degree of support and training for new owners should this be required.

LOCATION
The Town of Dingwall is located on the banks of the River Conon in the beautiful rural setting of Easter Ross-shire. With a population of circa 6,000 but with a much higher catchment area, the wider area benefits from thriving agricultural, engineering, tourism and port related businesses. Plans have been unveiled for the creation of a 1.9million whisky visitor centre expected to bring up to 32,000 visitors to the area a year. There is also a housing development proposal in place. Due to its location Dingwall is a centre of administration and as such is well provided for in terms of social, welfare and general services. The Town has a long and established history and the wider area has a great many attractions such as castles, distilleries and golf courses. However, many visitors just come to enjoy the beautiful countryside and undertake hill walking. For those interested in field sports and fishing rural Ross-shire offers unparalleled experiences with some outstanding salmon and trout fishing. The Cromarty Firth and Moray Firth are popular venues for adventurous water sports with the many Lochs in the region providing an outlet for a wide range of activities. These waterways also attract visitors because of the presence of dolphins and minke whales. Dingwall is approximately 14 miles from Inverness, a vibrant centre of tourism and commerce with excellent communication links (Rail and Airport).

PROPERTY
The property is a two storey unit with the trading elements on the ground floor and administration and storage space on the first floor. There are two residential flats that do not form part of the sale above the shop. However, the vendors may consider selling the flats by separate negotiation. The building dates from 1875 and the original subjects are of stone construction under a pitched slate roof with numerous extensions being added over many years. The main frontage sits on to the high street in the town centre and has an entrance and separate exit under the same covered area. Upon entry is the sales counter just to the right which is situated by the exit affording excellent control and security. The ground floor sales area has aisles running from the front of the shop to the rear of the property. There is a second service counter mid-way into the store. Other features include a paint area and a key cutting service. The shop displays a wide range of goods and details can be found on their website www.macdonaldshardware.com.

The first floor spaces are separated into various rooms and are presently underutilised. Stairs lead from the mid-section of the store to the first floor. At this point there is a staff washroom, a general utility room and two separate store rooms. From a hallway is a spacious storeroom which is the width of the unit and through an opening is a further similar store. A further door leads to a spacious open plan office and general administration area with a partition wall splitting the room to the mid-point. Within this space is a staff rest area with a further staff washroom and stairs leading to the rear of the property providing access into the store and to the external area. This ground floor entrance provides access to customers coming from the retail units etc. at the rear of the store. Finally on the first floor there is a further area of 3 rooms which are currently not in general use but have been previously used as a beautician's area.

EXTERNAL ASPECTS
There is a car park to the rear of the shop which is not included in the sale but the new owners and their customers will have right of access over this space.

SERVICES
The business benefits from mains electricity, water and drainage.

TRADE
This successful business trades to a very profitable level and there remains scope to develop the trading aspects further. Full accounting information will be made available to seriously interested parties subsequent to viewing.


More information from this agent

Nearest stations

  • Dingwall (0.2 mi)
  • Conon Bridge (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

17 Kenneth Street Inverness IV3 5NR

01463 568016 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

  • Dingwall (0.2 mi)
  • Conon Bridge (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

17 Kenneth Street Inverness IV3 5NR

01463 568016 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.

Disclaimer - Property reference MacdonaldsHardware. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ASG Commercial, Inverness. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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