27 Commercial Road, Lerwick, ZE1
£18.58 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,382 sq ft
500 sq m
- SECTOR
Retail property shopping centre for sale
Key features
- Net Profit £110,000
- Excellent high street position
- Established over 70 years
- Outstanding repeat business
- Strong local community support
- Long lease available
- Multiple revenue streams
- Free off-street parking
- Opportunity to expand
- Fully refurbished
Description
Established in 1950, ‘Home Furnishing’ is an integral part of the Shetland community, well-established as the market leader on the island
Very profitable business and limited competition
Incredible opportunity for an experienced retail manager looking for their first venture with a stable and thriving business
Substantial opportunity for an owner operator
Fantastic business to add to an existing portfolio
Once in a lifetime opportunity to embrace ‘Island Life’ and run a very successful business
Location
Situated on Commercial Road, adjacent to Lerwick Bus Station, the main road around the town centre, close to the port with free off-street customer parking
Lerwick is the capital of Shetland, as such is the business and retail heart of the island
Steeped in history, Shetland offers culture, scenery and history to tourists, as well as the best whale watching in UK waters
Main industries are fishing, oil, gas, and renewable energy
Priding itself as one of the most sustainable islands in the UK it also a UNESCO Global Geopark
Internal Details
Home Furnishing is a purpose built two-storey retail property, please see the attached floorplan for further information
External Details
Private off-street customer carparking for up to 24 cars
Development Opportunity
Prior the refurbishment Home Furnishing’s took the business online, this proved to be a phenomenal success, delivering over 1,000 parcels a week across Scotland
Home Furnishing relaunched their online sales platform in December 2022
Tenure
Nationwide Business Sales are pleased to offer ‘Home Furnishing’ to the market on a leasehold basis for ‘Offer Over £100,000 + Stock at Value’
The vendor will assign a new 15-year lease, with a passing rent of £36,000 per annum
Staff
All staff are subject to TUPE regulations
Financial
Accounts are available upon request
Other information
Home Furnishing has a dedicated website please visit
Shetland has a population of under 25,000, Home Furnishing’s Facebook page has over 4,000 likes and followers
Brochures
27 Commercial Road, Lerwick, ZE1
Notes
Disclaimer - Property reference RX259818. 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 Nationwide Business Sales LTD, Castleford. 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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