3 bedroom retail property (high street) for sale

Bournemouth, Dorset

£47,500

Property Description

Commercial information

  • Business for sale

Key features

  • Desirable and affluent shopping area, Bournemouth coastal suburb
  • Substantial character 4 storey property
  • Well fitted Retail area, storage basement
  • 2/3 bed accommodation extending over 2 floors
  • Long established, well known business
  • Sales 394,858 ex Vat, commissions 8,871
  • Enjoys regular all year round trade
  • Efficiently run, sound staffing structure
  • Outside covered display area proves lucrative
  • EM&F reference number: T34508R

Full description

Tenure: Leasehold

Description: A long established well known newsagents which also enjoys strong sales in greetings cards, benefiting from the offering of a delivery service and being a National Lottery outlet. Contained within a substantial character property, extending over 4 levels, forming part of the famous Westbourne Shopping Arcade, providing ground floor retail area, versatile lower ground floor, and a self-contained 2/3 bedroom maisonette extending over the first and second floors comprising kitchen, sitting room, dining room/bedroom 3, 2 further double bedrooms, shower room and cloakroom. Outside to the front of the property is a display area, benefiting from being covered, proving lucrative. The business is well known throughout the area and receives regular all year round trade from the surrounding residential community in addition to that from other businesses.

Location: Forming part of the attractive Westbourne Arcade development, a character Victorian building with feature glass roof, popular with other independent retailers ensuring excellent levels of pedestrian foot flow. At the time of our inspection other surrounding businesses comprised a café, gift shop, fashion boutique, hair salon, DIY outlet, and vintage cinema to name a few. The arcade acts as a popular cut through linking the bustling shopping thoroughfares of Seamoor Road and Poole Road where popular national retailers can be found and numerous cafes/coffee shops to include the likes of Starbucks Coffee House and Marks & Spencer Simply Food with shopper's car parks close by along with residential areas.

Area: Westbourne is considered one of the South Coast's most affluent and sought after coastal suburbs, attracting many shoppers and browsers throughout the year, surrounded by affluent sought after residential housing providing a sound level of regular trade in addition to a summer seasonal boost from holiday makers and day trippers. The seafront and glorious beaches to include famous Sandbanks are close by with Bournemouth town centre lying approximately 1½ miles away and Poole town centre lying approximately 4 miles away.

Premises: Wooden framed glazed double frontage, glazed central entrance door opening to RETAIL AREA, wood effect vinyl flooring, suspended ceiling with inset lighting and air conditioning unit. Extending to the rear a considerable length, the FRONT RETAIL AREA houses glazed front upright Coca Cola drinks chiller, Lotto stand, box style confectionery display shelving, greetings card display spinner. To the side, substantial long SERVE OVER COUNTER complete with till, electronic weigh scales, Lotto machine and confectionery display whilst behind could be found cigarette gantry, cigar cabinet and jar sweets display. The REAR RETAIL AREA is fitted with magazine display racking and stationery display shelving, also contains central newspaper stand, 4 greetings card display units, party accessories display and ice cream conservator. Side access to HALLWAY, leads to STOREROOM and KITCHEN, also provides access to the LOWER GROUND FLOOR where the CLOAKROOM is situated together with STORAGE ROOMS, not currently utilised, simply rented out to provide additional income of £300 per month. None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.

Accommodation: Extending over the first and second floors of the premises, totally self-contained, private entrance door situated in the ground floor hallway, opens to stairs rising to HALF LANDING and CLOAKROOM fitted with toilet and hand washbasin, stairs continue to FIRST FLOOR LANDING area.Leading off is the KITCHEN, front aspect, vinyl flooring, feature cast iron fireplace, fitted with work counters, base and wall storage units, space for fridge/freezer and automatic washing machine. Also leading off is the SITTING ROOM, front aspect, feature cast iron fireplace, separate DINING ROOM/BEDROOM 3, rear aspect, feature cast iron fireplace. Further stairs to HALF LANDING with feature rear sash window, continue to SECOND FLOOR and further LANDING AREA with large double wardrobe. BEDROOM 1, a double with front aspect and feature cast iron fireplace, BEDROOM 2, a double with rear aspect and feature cast iron fireplace. BATRHOOM with front aspect, fitted with corner shower cubicle, hand wash basin and storage cupboard.

Outside: To the front of the property, DISPLAY FORECOURT where 9 greetings card display spinners are placed.

Business: A long established business offered for sale to enable the vendors to pursue an opportunity abroad, retailing confectionery, tobacco products, newspapers, magazines, stationery, greetings cards, some party items and National Lottery products. A sound trade in newspaper sales is undertaken, the weekly newsbill approximately £5,000 per week, offering a delivery service proving lucrative, delivering to the nearby affluent residential areas, some hotels and care homes. A sound trade in greetings cards is also undertaken, stocking a wide range of cards for all occasions to include top brands such as Noel Tatt, and others which benefit from being on a sale or return basis.

Trading Hours: The business trades Monday to Saturday 7.30am through to 5.00pm and Sunday 8.30am through to 12.30pm.

Staff: Operated by a couple with 1 part time shop assistant and 6 delivery persons albeit their wages are simply covered by the newspaper delivery charge.

Takings: Accounting information provided in respect of the year ended 31st March 2019 confirms Sales of £394,858 ex Vat, Lotto Sales of £106,337 from which a 5% commission is received, additionally rental income of £3,600 per annum is received in respect of the lower ground floor.

Comments: The sale of The Fair Trader provides an opportunity to acquire an established business with the benefit of accommodation situated within a most sought after desirable area.

EPC Rating: EPC rating D - 81.

Tenure: Held on the residue of a renewable 21 year Lease which commenced in 2002, current rent £18,000 per annum.

Rates: In respect of 2019/2020 rates payable are £2,120 per annum.

Price: £47,500 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock and newspaper book debt at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Branksome (0.8 mi)
  • Bournemouth (1.7 mi)
  • Parkstone (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Branksome (0.8 mi)
  • Bournemouth (1.7 mi)
  • Parkstone (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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 T34508R. 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 EM&F , Devon. 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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