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COMMERCIAL

Pat Fraser, 41 High Street, Nairn, IV12 4AG

Offers Over
£50,000
R & R Urquhart Property, Forres
PROPERTY TYPE

Retail Property (high street)

SIZE

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Key features

  • Electrical/retail business for sale
  • High street premises with high footfall
  • Long established business
  • Lease of premises at low rental pcm.

Description

For sale as a going concern, this highly regarded and long-established  (1950) electrical business is brought to the market.

Due to retirement, this highly reputable electrical business is available to buy. It should be noted it is only the business that is for sale and not the shop premises.

The premises, 41 High Street, Nairn will be available to the buyer for lease on a long-term basis,  at a very realistic figure of £500 per calendar month. Should the present owner decide to sell the premises, the new business owner would have first option to buy.

 

The majority of the business is engaged in domestic and commercial electrical work, inspection testing of premises and retail of white and brown goods.

 

Due to the closure of retail shops in the surrounding area, the business is expanding to Forres and Inverness. The shop has limited competitors within the town and surrounding area.

 

Another key element of the business is that the shop also retails fishing, shooting and sports goods.

 

Although this is a busy and lucrative business, due to demand, there are further opportunities for future expansion.

 

Relevant Information -

 
  • There are 5 employees required to be retained by the new owner.

Two fully-qualified electricians.

Two apprentices  (1st stage and 3rd stage)

One TV engineer

 

There is also one shop assistant who will not be continuing their services.

 

 
  • 5 vans will be included in the sale. No finance is outstanding, and the vans are approximately 4 -5 years old.

 
  • Stock will be valued by a competent Stock taker closer to the time of completion and this will be payable over and above the asking price.

 

 
  • The asking price of £50,000 includes fixtures, fittings, equipment, vans  and some allowance for goodwill.

 
  • Floor area approx. 180 square meters.

 

 

Accounts available to genuinely interested parties in confidence.

 

The Seller may be available on a consultancy basis if desired.

Brochures

Brochure 1

Pat Fraser, 41 High Street, Nairn, IV12 4AG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Nairn Station0.3 miles

About R & R Urquhart Property, Forres

117/121 High Street, Forres, IV36 1AB
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Welcome to R & R Urquhart Property Agency offering quality homes for sale across Moray and the Highlands. We have specialists across a broad spectrum of properties including land, equestrian properties, country homes, urban homes and flats.

Our property staff have a thorough knowledge and understanding of local market conditions while offering advice, which is both realistic and professional. We support our clients from appraisal through to sale, arranging the home report, preparing a high quality listing with creative text, professional photos and a virtual tour, conducting the viewings and negotiating offers on behalf of our clients. Additionally, as we are also a legal firm, we can provide the complete package with conveyancing services at a competitive rate.

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Disclaimer - Property reference 20656. 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 R & R Urquhart Property, Forres. 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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