Retail Property (high street) for sale

64 Rosemount Viaduct - AB25

£84,995

Property Description

Commercial information

  • Business for sale

Key features

  • Well Established
  • Enviable Location
  • Excellent Location
  • Stock Included

Full description

Tenure: Leasehold

Description
Avril Oenone Millner is an extremely well run business that was established since 2003 by the current vendor. The business has been placed on the market due to the current proprietor’s impending wish to retire from the retail trade. The business trades throughout the year and benefits from a good database of clientèle. Avril Oenone offers an extensive range of ladies and gents hats along with accessories and bags for all occasions.
Additional marketing is carried out through its own informative website www.avriloenonemilliner.co.uk


Situation
The business is located on Rosemount Viaduct in the centre of Aberdeen city. The shop is in a popular locale and benefits from being surrounded by residential and commercial properties.

Building Internal
The property is a terraced lock up unit comprising of two floors, ground and basement. The main entrance is from the front which leads into a well presented sales floor. The sales floor is well fitted with several hat display units and benefits from a workshop area to the rear. The basement level is accessed via a timber construction staircase from the main shop floor. The basement offers full standing height and is well fitted with shelving. The basement is currently used as storage but could offer additional retail space.

There is a private staff WC located within the communal hallway.


Business
The business was founded by the current vendor in 2003. Since its inception Avril Oenone Milliner, has built up a fantastic reputation for occasion headwear along with everyday headwear for both ladies and gents. The business offers bespoke handmade pieces along with a wide range of stock from other well-known designers, including: hats by The London Hat House, Herald and Heart, Bettleys, Snoxalls, J Bees, Whiteleys, Failsworth, Kangol and Philip Somerville each with their own characteristic look, along with an extensive range of jewellery, pure silks wraps and bags available from stock or can be made to individual requirements.

For the bride the business also offers a wide range of unusual tiaras and fascinators from John Frost and Richard Designs.

Avril Oenone also offers an alteration, repairs and stretching service.

The business trades all year open five days (Tuesday - Saturday) from 10:00-17:00


Building External
The front of the property is straight to street.

Services
We are advised all services are present.


Tenure
The current vendor owns the freehold and is looking to offer a 10 year FRI lease with an annual rental of £9,600.

Accounts
The business had a turnover in excess of £45,000 in 2015 with an EBITDA of £19,447.
Full figures are available on request.


Summary
The sale Avril Oenone Milliner offers a rare opportunity to purchase a well established business and brand which is trading well but with potential for expansion of the business.

Price
OIRO £84,995 are sought for the leasehold, fixtures and fittings, stock, website, goodwill, database and telephone number.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.


Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.


Nearest stations

  • Aberdeen (0.5 mi)
  • Dyce (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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

  • Aberdeen (0.5 mi)
  • Dyce (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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 44319. 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 ALTIUS GROUP LIMITED, Bruce & Co. 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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