Retail Property (high street) for sale

Independent Fragrance Outlet, 27, Church Street, Falmouth

Guide Price £75,000

Property Description

Key features

  • SUPERBLY APPOINTED RETAIL BUSINESS
  • PRIME TOWN CENTRE POSITION
  • EARLY VIEWING STRONGLY RECOMMENDED
  • HANDOVER AND TRAINING PACKAGE INCLUDED
  • TREMENDOUS GROWTH POTENTIAL

Full description

A fabulous opportunity to acquire a beautifully appointed fragrance outlet in the heart of the cosmopolitan Town of Falmouth. The business is immediately available by way of an assignment of the existing lease and an early viewing appointment is strongly recommended.

Situation - The premises are situated on Church Street in the heart of the Harbourside town of Falmouth. Falmouth has a resident population of circa 23,000 and is one of the South West's most popular tourist destinations owing to its large national harbour and glorious sandy beaches with the town regularly playing host to international sailing regattas and a range of shore side events including the Sea Shanty Festival and Falmouth week.

Description - The premises which have been refurbished to an exceptionally high standard were acquired by our client approximately 12 months ago as a secondary outlet for their established retail brand and the business is now available owing to a change in their personal circumstances.

Whilst full accounts are not yet available the projected turnover is anticipated to be somewhere in the region of £110,000 - £130,000 with a target gross profit margin of circa 35%.

The outlet offers an extensive range of Perfumes and Aftershaves via Authorised Selective Distribution Agreements with luxury brands including Marc Jacobs, Yves St Laurent, Paco Rabanne, Armani, John Paul Gaultier, Bvlgari, Lancome, Issey Miyake and Jimmy Choo and in some cases enjoys exclusive sales rights within the town.

There is huge potential to further expand the exclusive Fragrance and Beauty brands plus trade online subject to brand approval. This is a rare opportunity to acquire access to the world of Authorised Luxury Distribution particularly within Falmouth, an under represented luxury base but affluent target market.

The shop is operated by two experienced part time members of staff with the current opening hours being 9.30am to 5.30pm Monday to Saturday and 10am to 4pm on Sunday.

The Shop - 8.38m x 4m, Tile effect flooring, a range of bespoke illuminated wall cabinets with glass shelving, additional wall shelving, 2 central free standing glass shelved units, ceiling mounted air conditioning/heating unit, chandelier, CCTV system, 2 large picture windows onto Church Street.

Counterpoint - With glazed inset display and shelving unit, Epos till system and open glazed shelving behind.

Store Room - 4.42m x 4.04m, Tile effect flooring, a range of free standing industrial racking, door to alleyway, small kitchen area with base and wall units and a stainless steel sink and drainer.

Staff Wc - With a close coupled W/C and hand wash basin.

Agents Note - The business is currently trading as a Scentstore outlet which is our clients trading brand and the purchaser will be contractually obliged to trade under a different name upon completion.

Tenure - Leasehold - The premises are available by way of an assignment of the existing 5 year lease at a current passing rental of £18,000 per annum.

General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate - The Energy Performance Rating for this property is within Band C.

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates - We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock - To be taken at valuation.

Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.

General Information - For further information or an appointment to view please contact:-
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Falmouth Town (0.4 mi)
  • Falmouth Docks (0.6 mi)
  • Penmere (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 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 stations

  • Falmouth Town (0.4 mi)
  • Falmouth Docks (0.6 mi)
  • Penmere (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 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 27928503. 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 Miller Commercial, Truro. 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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