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Shop for sale

Hanover Street, Stranraer, Wigtownshire, DG9

309 sq. m. | £125,000

Property Description

Commercial information

  • Business for sale
  • 3,326 sq ft (309 sq m)

Key features

  • REF: 12521

Full description

Tenure: Freehold

Hilton Smythe is delighted to bring to the market this large investment opportunity.

The property was formally known as Moodies, a stationery shop that supplied products, such as general stationery, office supplies, cards, art and craft materials and party accessories but reluctantly our client has now decided to sell the business due to a well-earned retirement. The business generated a turnover of £38,500 per annum and has a gross profit of 43%.

There is huge scope for this property with several multi-uses. The first and second floors were underutilised. This space could be transformed into owner's accommodation or a flat to be let out. This could generate an extra monthly income.

The property is set in a great location receiving heavy amounts of footfall and passing trade. This would be ideal for a purchaser looking to open a retail store or café, bakery with the right planning and licencing.

We highly recommend an early viewing to the property.

This investment opportunity is located in Stranraer, Dumfries and Galloway.

Stranraer is currently home to 13,000 people and in the south of Scotland. The business is situated in the heart of the town centre which is a prime location with ample passing trade from tourists and locals in the area. As well as the stationery shop there are other thriving businesses including a butchers, hair salon, convenience store and national retailers. There is also free parking nearby.

The closest bus stop from the property is a short walk away from the business and Stranraer's train station is a 5-minute drive away.

The premises is single fronted and well-presented with a main entrance that opens up into a large space which is currently home to 3 glass display cases along the long serving counter with a till situated in the middle.

Display stands and perimeter shelving are placed on the walls around the shop. Through to the current arts and craft sections which opens up into 2 retail spaces and one of these provides access to the upstairs, while the other provides access to the card and accessories area which is fitted with display stands, card racks and full retail fixtures and fittings.

Stairs that lead to the first floor which has a separate entrance from the main road. The staff toilets are found part way up the stairs.

First Floor
On the first floor there are two large separate rooms one of which is currently used as the business office and the second is used for storage.

The Second Floor
The second floor has two separate large rooms that are currently unused which might be possible to rent out as accommodation for another business as there is already access to the floors from the main road.

Equipment included in the sale

⦁ All General Fixtures and fittings
⦁ Retail shelving
⦁ Display stands
3 Glass Fronted and Topped Display Cases

We are advised that the business is Freehold.

The business reports an annual turnover of £38,500 and 43%

Map & Street View

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