Retail Property (high street) for sale

Market Place, Harleston, Norfolk, IP20

£42,000
2,416 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 2,416 sq ft (224 sq m)
  • Use class orders: A1 Shops

Key features

  • Profitable Business
  • Central location
  • Growth potential

Full description

Tenure: Leasehold

LOCATION
Harleston is a thriving market town which has an excellent range of shops including a supermarket, doctors, dentists and veterinary surgeries, schools, hotels, a number of restaurants and inns. The town is conveniently located adjacent the A143 bypass providing easy access west to the A140 approximately 8 miles away at Diss, and east to Lowestoft (22) miles. Norwich can be accessed 21 miles to the north, Ipswich 32 miles to the south and Bury St Edmunds, the A11 and the Midlands beyond to the west via the A14.

PROPERTY
The shop occupies the ground and first floor of a period property (the second floor is used for storage), with an extensive double aspect glazed window. The large retail area leads from the street, and occupies an area of 110sqm (1,184sqft) with stairs leading from the rear of the shop to the first floor, which displays the fancy dress and party goods and is an Aladdin's cave of goodies for the perfect party or celebration.

DESCRIPTION
This attractive highly visual shop is situated in the centre of the busy popular market town of Harleston and fronts the free, accessible car park. (except Wednesday when the weekly market is held). This is an award winning retail business which has been established in the town since 1998 specializes in greetings cards and party goods for all occasions.

The ground floor has 72ft of greetings card racks plus several card spinners, gondola units, wall shelves and racking displaying gift wrapping requirements, basic stationery, craft items and cake decorating items.

In addition to this on the first floor is an extensive party department split into two halves. One section of the floor area houses the retail fancy dress costumes and accessories, balloons and novelties. The other half displays disposable tableware, banners and decorations.

http://www.thecardpartyshop.co.uk

PRICE
The vendors are seeking 42,000 for their business and Goodwill, Fixtures & Fittings and equipment and the Leasehold interest. Assignment of the existing FRI lease which was originally for 10 years, from the 14th March 2009, with 2.5 years remaining at a rent of rent of 25,000pa-the lease is INSIDE THE ACT.

BUSINESS
The accounts for the year ended 5th April 2015 show a sales turnover of 250,287 (ex vat). Full accounts will be made available after a formal viewing has taken place.

Fixtures, Fittings and Equipment - A full inventory will be agreed prior to sale with the stock sold separately at valuation, plus VAT.

Hours - Monday to Saturday 09.00 - 17.00.

Staff - Owners full time, with four part time assistants. The employed staff wages bill is approximately 22,000.

Rates - Rateable value is 21,750 for 2016, due to decrease to 14,250 from 2017, with a Business Rates payable of 6,429 payable in 2016-17.

POTENTIAL
There is also a possibility to expand the whole business through the internet with sales of fancy dress costumes and accessories online.

Legal Fees
Vendors and purchasers to meet their own contractual costs; the purchaser to meet the reasonable costs incurred in assigning the lease.

AREA

Zone A 66.39sqm 714sqft
Zone B 43.40sqm 467sqft
Zone C 7.48sqm 80sqft
Kitchen 6.01sqm 65sqft
1st retail 89.16sqm 960sqft
1st office 7.48sqm 80sqft
TOTAL 224.44sqm 2,416sqft

FIRE RISK
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are 5 or more employees.


More information from this agent

Nearest station

  • Diss (7.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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.

Floorplans


To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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

  • Diss (7.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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.

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