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Regent Street, Shanklin, Isle Of Wight, PO37

£45,000
Arthur Wheeler Estate Agents, Shanklin
PROPERTY TYPE

Retail Property (high street)

SIZE

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Description

DESCRIPTION
This well established greeting card and gift shop business is situated in a good position in the main shopping street of this popular coastal Town. The business has been in existence since about 1974 and has been run by the present owners for the past three years. Prior to that, the business had long standing owners and we understand that the business has a good profitability ratio.

The shop premises are rented on the remainder of a Lease that expires in 2024 with five year rent reviews.
From our personal knowledge of the business, it enjoys a good local trade all year round, which is in turn boosted by visitors during the summer seasonal months selling all types of greeting cards and associated gifts. In our opinion, this business has a good turnover for its size and location with the net profit on average 30%. The shop comprises :-

MAIN SHOP A double fronted shop with recess double doors and side window display areas, having a frontage of 13´ and the longest depth of 39´ (11.7m). Total sales area is approximately 440 ft² (40.9 m²). Approximately 48´ (15.4m) of card racks including display shelves and island racks and displays.

STOCK ROOM/WC 9´ x 7´ (3.7m x 3.1m) with storage racking, low flush WC, electric heater and a sink unit with electric water heater.

Current rent is £10,000 per annum.

Uniform business rate : £9,700. The current owner has advised us that they pay zero rates under the small business rates relief scheme. 

Price : £50,000 to include the Lease, all the fixtures and fittings plus stock at valuation.

VIEWING STRICTLY BY APPOINTMENT THROUGH ARTHUR WHEELER ESTATE AGENTS (01983) 868333

Regent Street, Shanklin, Isle Of Wight, PO37

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shanklin Station0.2 miles
  • Lake Station1.2 miles
  • Sandown Station2.4 miles

About the agent

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

Arthur Wheeler Estate Agents, Shanklin

Arthur Wheeler Estate Agents have been established in Shanklin for over 50 years and we pride ourselves on being a friendly and independent agency offering a professional service coupled with extensive local knowledge.

From our well positioned offices in the main shopping area of Shanklin, we offer a quality service to both our buyers and sellers wishing to move in the South Wight area. We offer all types of property, both residential and commercial, from first homes to country properti

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

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Disclaimer - Property reference 102604000826. 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 Arthur Wheeler Estate Agents, Shanklin. 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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