Retail Property (high street) for saleStrachan's Newsagents, High Street, Nairn, Nairnshire, IV12
- Business for sale
- Use class orders: A1 Shops
- High Street location
- Excellent shop frontage
- Superb fixtures and fittings
- Consistently strong income levels
• Highly prominent and deceptively spacious retail outlet in a desirable operating location in the centre of the thriving Highland town of Nairn.
• Benefiting from a substantial internal area covering circa 207m2 which would suit a wide range of retail or other uses subject to planning consents where necessary.
• Excellent shop frontage offering an extensive branding platform with flexible internal layout plus superb fixtures and fittings.
• Easy-to-operate business, trading very profitably from a consistent level of turnover generated by a mix of local and tourism custom.
•Thriving business with consistently strong income levels which would suit new owners with a hands-on and leading role, driving the business forward.
Comprising of a substantial retail unit mainly set to street level; the property has a mezzanine office and a basement storage area. The support facilities include a staff W.C., kitchen area and extensive storage. The total floor area within the business extends to circa 207m2 with customer spaces being mainly set to an open-plan layout. Historically, the shop was two separate units but were opened out into one trading entity. Should new owners wish to separate the units and operate two distinct operations, such a move would be possible in the future; consents may be required. An attractive feature of this property is the expansive frontage which affords a strong image on the high street. Should new owners wish to change the trading model, it offers a tremendous opportunity to generate a strong brand. The current business has been in situ for many years and there remains a strong demand for the services on offer.
The current business has an established trading model as a newsagents and the vendors rely on staff to undertake the day to day operation. The opening hours are from 6:00 am to 5:30 pm Monday to Saturday and 6:00 am to 12:30 pm on Sunday. There is scope to extend trading hours should new owners so desire. The business sells newspapers and offer a delivery service to the town. In addition, they sell a wide range of magazines, stationery items, arts and crafts material and an extensive selection of greetings cards etc. plus a range of children's toys and books which prove popular with customers. Strachan's also generates footfall with the provision of a passport / ID photo service plus the sale of lottery items, tobacco and vaping items as well as a range of confectionary and chilled drinks. The business generates a strong turnover, in excess of £700,000, and produces a sound adjusted net profit. There is ample space to develop the extant model or to introduce a completely new trading entity.
Strachan's Newsagent is located in the town centre of Nairn and on the High Street. Nairn is a popular and growing residential town with many local amenities including a modern cottage hospital, varied shops and supermarkets, Post Office, hotels, restaurants and primary and secondary schools. A popular holiday destination since Victorian times, Nairn has a host of features which continue to draw in tourists such as sandy beaches, riverside walks and the promenade with fantastic views over the busy harbour across The Moray Firth. Nairn-East beach stretches for miles all the way along the coast to Findhorn. The town is home to the world-famous Nairn Golf Club and also Nairn Dunbar Golf Course, another highly-rated championship course. Nairn is sixteen miles from the Highland's capital city of Inverness where an even wider range of social and welfare facilities are available along with excellent cultural, educational, entertainment and medical facilities. Communication links include railway and bus stations plus Inverness Airport (9 miles) is well connected to other UK and overseas destinations. The Scottish Highlands are a magnet for lovers of the outdoors with easy access to the winter and summer sports playgrounds of The Cairngorms National Park.
REASON FOR SALE
The vendors purchased Strachan's Newsagents in 2008 and have enjoyed the benefits of operating a successful business. However, it is due to their desire to retire that brings this attractive opportunity to the market.
Of stone construction, the building dates from the early 1900s. Set mainly to a ground floor unit there is a compact mezzanine office and storage facility and a basement storage space split into 2 separate areas. Upon entry to the shop there is a large open plan sales area with a partial wall dissecting two distinct areas. The sales areas have modern suspended ceilings with diffused lighting. Many of the walls benefit from slat-walling and others have bespoke shelving. There are free-standing display units and a number of on-counter displays. The shop has electric tills and a range of sales support equipment.
Immediately to the left upon entry there is a wall with shelving displaying a wide range of magazines and periodicals. A central stand displays a wide range of daily newspapers and the righthand wall displays a range of print items (maps, calendars etc.). The main service counters are set to the rear aspects of the shop. The main unit is fronted with confectionary and is where the lottery display is situated. To the rear of the service counters is a flight of stairs leading to a spacious office and storeroom. A door leads to a further store area with a staffroom to its rear. To the right-hand aspects is a small hallway with a flight of stairs leading to a basement storeroom which extends to c56m2. Off this hallway is a staff W.C.
The premises are connected to mains water, electricity and drainage services. There is ample public car parking close by with a loading area immediately outside the shop.
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