Retail Property (high street) for sale

North Marine Road, Scarborough, North Yorkshire, YO12

81 sq. m. | £179,950

Property Description

Commercial information

  • Business for sale
  • 871 sq ft (81 sq m)

Key features

  • REF: 12467
  • FREEHOLD
  • HOUSEHOLD APPLIANCES
  • LEASEHOLD OPTION 25,000+SAV

Full description

Tenure: Freehold

BUSINESS
Leasehold option 25,000 + SAV
Hilton Smythe is delighted to welcome to the market this well-established and popular domestic appliance retail business, which is ideally located within the popular town of Scarborough, North Yorkshire.

The business was originally established by our client in 1983 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of 160,000 per annum, with a gross profit of approximately 32%.

The business specialises in the sale and repair of domestic appliances, selling a wide range of free standing and integrated appliances, including washing machines, dishwashers, refrigerators, freezers and tumble dryers, to name a few, from well-known makes such as Bosch, Gorenje, Beko and LG.

The property boasts approximately 81 sq. metres of floor space and consists of a large open retail area, a small office and a good sized storage area to the ground floor. To the first and second floors are 2 x self-contained, one bedroom flats, both of which are currently let out, generating 70 per week each.

The business has built up an enviable reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and service offered, as well as expanding in the commercial side of this business. The business already has an informative website in place to promote the business at www.tonybuckledomesticappliances.co.uk.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.


LOCATION
Tony Buckle Domestic Appliances occupies substantial three storey premises, ideally located within the popular seaside town of Scarborough, North Yorkshire. The business is located on the very busy North Marine Road, surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.

Scarborough is a town on the North Sea coast of North Yorkshire. With a population of just over 61,000 residents, it is the largest holiday resort on the Yorkshire coast and North Yorkshire and Scarborough is one of the most visited places in England. Its sandy North Beach has been awarded a Blue Flag award for high environmental standards and safety facilities, whilst the golden South Beach attracts visitors with its backdrop of shops, entertainment venues and amusements. The Scarborough area hosts many attractions - visit villages, museums and heritage centres along the Yorkshire Coast and inland in the North York Moors.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Scarborough railway station is just over ten minutes' walk away. The area is also well served by the A-roads, with both the A165 and A64 being within easy driving distance, which link to the national A-road and motorway networks. Bridlington is approximately 17 miles away and Whitby is 19 miles away.

PREMISES
Substantial three storey premises in an ideal trading location, briefly comprising:

Ground floor:

Open plan retail area.
Product displays to perimeter walls.
Central product displays.
Small office to rear.
Good size storage area (could be converted into additional retail space).
WC.

First floor flat:

Living room.
Kitchen.
Bathroom.
Bedroom.

Second floor flat:

Living room.
Kitchen.
Bathroom.
Bedroom.

All retail fixtures and fittings are included within the sale, including supplier specific display stands (although these are the property of the suppliers for the display of their products).

There are also two vans included within the sale, a Vauxhall Vivara and a Vauxhall Kango.

The property is fully alarmed.

TENURE
We are advised Freehold.

Leasehold option available 25,000 + SAV
Lease to be negotiated.

HOURS
The business is open:

Monday - Friday: 9.00am - 5.30pm
Saturday: 9.00am - 4.00pm
Sunday: Closed

STAFF
The business is owner run and managed with his son and one full time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of 160,000 per annum, with a gross profit of approximately 32%.

Nearest stations

  • Scarborough (0.5 mi)
  • Seamer (3.3 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

  • Scarborough (0.5 mi)
  • Seamer (3.3 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.

Disclaimer - Property reference 12467B. 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 Hilton Smythe, Bolton . 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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