Retail Property (high street) for sale

Palace Avenue , Paignton

£19,995

Property Description

Full description

Tenure: Leasehold

LOCATION
The Craft Centre has been in the same ownership for over 30 years and during this time our clients have created a thriving business.

This A1 retail unit offers circa 1200 sq ft 114m2 of retail space. Located in Palace Avenue Paignton with direct pavement and shop frontage, easy pedestrian and car access and on street pay and display parking. The shop is situated amongst a parade of independent shops including

DESCRIPTION
The Business
Established by the present vendors in 1987 in which time they have built an excellent reputation and have created a loyal local and regional repeat customer base, potential purchasers could substantially expand the business further with internet website marketing. Our clients during their ownership have continued to invest in the business. The reason for sale is their intention to retire.

Trading hours The business trades Monday to Saturday 9.00am - 5.00pm
Staff Operated by the owner and the assistance of 2 part time shop assistants working 1 ½ days each a week, the owner now only working 3 days. It should be noted the business is operated by one person.

Accounts Trading accounts can be made available to interested parties once a viewing has taken place.

Lease Details 15 year lease from 19th October 2017, rent review due 19/10/2020 and every 3 years thereafter. Rent £8,000pa.

Stock It should be noted that an extensive stock is required to run the business.

ACCOMMODATION
Shop unit
Glazed entrance door
Main retails area 15.20m x 5.28m large glazed double frontage windows, sizable retail area with central double sided sales gondola, and wall mounted display shelves and peg boarding, comprehensive range of wools, needlework fabrics and cross stitch kits and craft materials. L shaped servery counter with electronic till, phone line and card machine.
Wool room 5.93 x 2.32m
With step access from main retail area, range of open shelving and display areas.
Door to rear (not in use).

Storeroom/ stock room 3.61m x5.55m
Material measuring table, range of open shelves and racking. Door to
Kitchen / Store 1.08m x 3.42m sink, storage unit and open shelving.
Toilet W/C


OUTGOINGS
Rateable Value £9,800 therefore small business relief available to qualifying applicants.

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.1 mi)
  • Torre (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Waycotts, Torquay

The White House 42/44 The Terrace Torquay TQ1 1DE

01803 367067 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

  • Paignton (0.2 mi)
  • Torquay (2.1 mi)
  • Torre (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Waycotts, Torquay

The White House 42/44 The Terrace Torquay TQ1 1DE

01803 367067 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 100863005033. 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 Waycotts, Torquay. 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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