Millbrook Garden Centre, Mitchel Troy, Monmouth, NP25 4BD
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- SECTOR
Out-of-town retail property for sale
Key features
- c. 5.7 acre site, located just off the A40
- Detached café
- 5 bedroom owner’s house
- Adjusted net profit Y/E 2021: £442,124
- c. 80 parking spaces plus overflow
- EPC Instructed. Funding may be available via Christie Finance, subject to status
- Christie & Co Ref: 4210844
Description
Christie & Co has been instructed to offer to the market for the first time in two generations a well established freehold garden centre which is situated on a substantial c. 5.7 acre site located on a main road and in beautiful surroundings, to the south of the historic town of Monmouth in South Wales.
Millbrook Garden Centre has been operated by the same family since 1971, and during this time has grown from a small nursery to a full garden centre. The business is hugely profitable and has an excellent reputation with people travelling long distances for the business’ specialist plant ranges. The current retail offer is limited, with a major emphasis on horticulture. This means that the business offers huge scope for an incoming operator to further develop the product range to include categories such as giftware, homewares, farm shop products, as well as a wider range of building materials and garden furniture. The large site also offers potential for the new owner to add concessions to further increase year round income.
The café is currently not operated by the present owners but currently is let on a 4 year lease, with an annual rental income of £18,000.
The centre is located on the edge of the Forest of Dean and the stunning Wye Valley. The site is just off the main A40 which offers excellent transport links to major regional conurbations which include; Monmouth, Raglan, Ross on Wye, and Newport. The latest census data shows there to be just over 31,000 people living within a 10km radius of the site.
Site InformationThe site measures approximately 5.7acres with an additional parcel of land available by separate negotiation. (The additional land parcel is the triangle at the top of the site plan in the sales particulars). The oldest building on the site is the former mill which has been used as the owner’s place of residence. It stands at the centre of the site and offers around 241sq m (2597 sq ft) of accommodation with private gardens. The property is not listed. The buildings have evolved over time with the main retail area being a large timber building with a variety glass, timber and plastic roof coverings with stone flooring. The Café trades as the “Red Door Deli & Diner” and occupies a charming detached building with a large well fitted commercial kitchen, two dining areas, a store, and a modern deli-style counter and serving area. To the front is a large external terrace which offers further customer seating. Other buildings on site include an external toilet block, various poly tunnels, and additional covered storage areas in the yard area. We are advised that the site has private drainage. The house and café have a mains gas supply. There is also a ground water bore hole with pump
StaffThe site is currently run by a husband and wife team with assistance from five full time members of staff. During busier summer periods the business also frequently employs a further temporary member of staff. Over recent years the wage bill has typically been in the region of £200,000 per annum but we are advised that the wage bill based on current staffing levels for next year is likely to be closer to £170,000. All staff will transfer with the business under TUPE regulations.
Trading InformationFinancial accounts provided for the year ending 30 April 2021 show:
Turnover £1,442,206
Gross Profit £751,248
Adjusted Net Profit £442,124
Monday - Saturday 9.00am - 4.30pm
Sunday 10.00am - 4.30pm
Energy Performance Certificates
EPC 1Brochures
Millbrook Garden Centre, Mitchel Troy, Monmouth, NP25 4BD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lydney Station10.2 miles
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Notes
Disclaimer - Property reference 4210844-fh. 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 Christie & Co, London. 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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