Thriving Party/Balloon Sales/Fancy Dress Business For Sale, Canwick Road, Lincoln, Lincolnshire, LN5 8HE

Location
The business is prominently located within the Pelham Centre, located directly off Canwick Road on the southern outskirts of Lincoln City Centre, with ample on-site car parking and within close proximity of the Bus and Railway Station and Lincoln University.

Description
Thriving Party/Balloon Sales/Fancy Dress Business For Sale - We are pleased to offer for sale a rare opportunity to purchase a unique thriving business prominently located within Lincoln City Centre, offering an excellent business opportunity with no nearby competition and having a large open-plan showroom with office and storage space to the rear and ample on-site car parking. The business specialises in a full range of party supplies including decorations, tableware, balloons and costumes, having been established for over 25 years and the business includes a large fully equipped showroom on Lease, together with a sign written delivery vehicle, being offered for sale as a profitable 'Going Concern'.

Accommodation
The large open-plan showroom has a frontage of 12 metres and a depth of 25.4 metres, providing for a retail sales area of 305 sq.m (3,280 sq.ft). The showroom incorporates a large retail counter and is fully equipped with shelving/racking and incorporates two customer changing rooms.

To the rear is a large storage area including a staff room with kitchen and WC facilities and a works office, extending to a further 80 sq.m (860 sq.ft) and in addition, there is mezzanine storage space above the ground floor office providing for a further storage area of 16 sq.m (172 sq.ft).

Services
Mains electricity, drainage and water are connected. Heating and cooling is provided via an air-conditioning system throughout the showroom space.

EPC Rating - D

Tenure
The property is available to let by way of assignment or new Lease at a current Passing Rent of £25,000 per annum, plus VAT. Full details regarding the Lease terms are available to seriously interested parties.

Rates
Rateable Value - £23,000 but is subject to a Retail Discount of 75% resulting in a rates payable for the financial year 2024 - 2025 of £2,869.25. Further details are available on request.

VAT
VAT to be confirmed.

Legal Costs
The ingoing Tenant is responsible for the Agent's referencing fee of £120 inc VAT together with the Landlord's reasonable legal costs associated with creating/transferring the Lease.

Service Charge
A Service Charge of circa. £2,000 per annum is payable to contribute towards the maintenance of communal areas. Buildings Insurance is also payable which is approximately £1,200 per annum.

Viewing
Via prior appointment with Mundys

Parking
Yes

Other Stock & Goodwill
The price includes all stock and business fixtures and fittings including the delivery van. Details regarding turnover and profitability are available to seriously interested parties after having undertaken a viewing of the property and business.