5 bedroom retail property (high street) for sale

High Street, Jedburgh, Roxburghshire, TD8

338 sq. m. | £399,950

Property Description

Commercial information

  • Business for sale
  • 3,638 sq ft (338 sq m)

Key features

  • REF 13227
  • Hardware Store
  • FREEHOLD

Full description

Tenure: Freehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular hardware store, which is ideally located within the historic town of Jedburgh, Scottish Borders.

The business was originally established in 1968, and in 1996 our clients merged their own existing ironmongery business from Aberdeenshire with the Jedburgh shop. Only now is the business being offered to the market due to our clients' desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of 301,600 per annum, with a gross profit of approximately 41%, as per the 2015 accounts.

Our client offers a wide variety of goods including Ironmongery, hardware, homewares and electrical products, as well as offering a key cutting service. The property boasts 338 sq. metres of floor space, is very well maintained and fitted out to suit the trade. The upper floors comprise of a five bedroom flat, which could be let out to generate further income, or used as owners' accommodation.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business currently features as one of Jedburgh's top ten attractions on Tripadvisor.

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 small marketing campaign to highlight the goods and services offered. The business would also benefit from the launch of a website to advertise the business, which could incorporate online ordering facilities. We are advised that the property is free from any business rates. The business boasts an 8% sales increase through online sales via the EBay account.

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


LOCATION
P & S Dorricott occupies substantial four storey premises in an excellent location on the very busy High Street within the town of Jedburgh in the Scottish Borders. The property is 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.

Jedburgh is a town and former royal burgh in the Scottish Borders. It lies on the Jed Water, a tributary of the River Teviot, 10 miles from the border with England. The town is dominated by a magnificent 12th century Augustinian Abbey with its dedicated visitor centre. In the surrounding area, there are many delightful pathways to suit walkers of all abilities, along with horse riding, golf and fishing, and a number of historical sites.

The area is well served by the public transport system, with bus stops within easy walking distance of the property. The A68 tourist route from Newcastle to Edinburgh passes directly through the town, and offers good access to Northumberland and the Central Belt of Scotland. Galashiels is approximately 18 miles away and Berwick-upon-Tweed is 33 miles away.

There is plentiful free parking throughout the town, and Jedburgh is a popular lunch time stop for cars and bus tours using the A68. There are plans currently in progress for a Borders National Park, and a new distillery, both in the Jedburgh area, both of which are expected to further boost visitors to the town.

PREMISES

Substantial four storey premises, ideally located within the town centre, briefly comprising:

Ground floor:

The single entrance to the shop opens into an upper retail area with a wide ranging display of products spread across perimeter shelving and central displays.

A short flight of steps leads down to the main retail area, with the serving area to the rear.

To the left and back is further large area containing an expansive display of garden supplies, housewares, electrical products, wool, haberdashery and paints. There are two additional small retail areas accessed by a short flight of steps, one of which also serves as a key cutting room with two machines.

All fixtures and fittings, including weighing scales and key cutting machinery are included in the sale.

To the rear of the shop premises there is a small area of unused ground which offers scope for additional off street parking or storage.

The garage to the rear is mainly used for storage, but allows access to the bike store and repair centre, paint store and a small office.

There are two huge stock rooms also to the rear, as well as a staff room and WC.

First floor:

Stairs lead up from the garage internally and from the street externally to the owners' accommodation.

The first floor comprises of a living room, dining room, kitchen and conservatory, which leads out to a flat roof. This also allows access to the first floor of the garage area, currently used for storage, but offering potential for alternative development.

Second floor:

The second floor comprises of a double bedroom with walk in wardrobe, bathroom with bath, a single bedroom and another double bedroom with fitted wardrobes.

Third floor:

The third floor comprises of a double bedroom, with fitted wardrobe, shower room and WC, walk in storage cupboard and a further double bedroom with dressing room/office.

External:

The triple fronted shop is very well presented, with external display stands for some products outside on the pavement area.

To the left is roller shutter access to the garage for large deliveries.

The owners' accommodation has an entrance from the street.

TENURE
We are advised Freehold.

HOURS
The business is open:

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

STAFF
The business is owner run and managed with 3 x full time and 1 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 301,600 per annum, with a gross profit of approximately 41%, as per the 2015 accounts.


Nearest station

  • Tweedbank (11.9 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 station

  • Tweedbank (11.9 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 13227A. 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.

Map data OpenStreetMap contributors.