Convenience Store for sale61 - 63 Balkerach Street, Doune, Perthshire, FK16 6DF
1,292 sq. ft.
- Business for sale
- 1,292 sq ft (120 sq m)
- Use class orders: A1 Shops
- Licensed grocer with Post Office Local facility
- National + Health Lottery outlet
- Well stocked & fitted out
- Prominent, central position within village
- Energy Performance Rating Band G
- Offers invited - first sensible offer secures a sale
The subjects occupy a prominent position on the North side of Balkerach Street, at its junction with George Street and Main Street, known as the Mercat Cross, within the village centre.
George Street and Balkerach Street both join the A84 Stirling to Crianlarich road route, a short distance to the West. Dunblane is approximately 4 miles to the East, accessed via the A820 which is a continuation of Main Street and links with the A9 West of Dunblane.
Doune is situated 7 miles North West of Stirling and is an attractive residential village, with a population in excess of 1,600.
The location of the property is shown on the undernoted plan.
The subjects comprise modern retail premises arranged over the ground floor of a two storey building. The upper floor is in residential use.
The property has been extended by means of a single storey extension to the rear which houses the stock/staff room and WC.
Accessed via a pend to the West of the property are two parking spaces, adjacent to the rear extension.
Internally the shop is very well presented with various display units and shelving. Having recently converted to a Post Office Local, the service counter has been replaced to provide a post office service point and two shop service points.
The former post office counter is now utilised for storage and to the rear of this is a further stock/staff room with WC.
We would summarise the accommodation as undernoted:-
Ground Floor Sales area 98 m² (1055 sq ft)
Store/staff area 22 m² (237 sq ft)
The above areas are approximate and provided for information purposes only.
Our client has owned the business for over 17 years and now wishes to retire.
The business operates as a licensed grocer with associated Post Office Local facility. An extensive range of stock is available to include groceries, off sales, fresh and frozen produce and confectionery. There is a selection of stationery and greetings cards in addition to a hardware section. National Lottery and Health Lottery are available and cigarettes are also stocked although through choice our client does not offer newspapers or magazines. This is a lifestyle choice in terms of opening hours and a new owner could stock as there is demand.
The post office has recently converted to a Post Office Local facility which enables the Post Office services including cash withdrawing to be available during full opening hours, providing further benefit to customers and the local community.
Opening hours are currently -
Monday - Friday 8 am - 6.30 pm
Saturday 8 am - 7.30 pm
Sunday 10.30 am - 4.30 pm
As mentioned previously, the opening hours are restricted through choice and there is genuine potential for increased trading.
Financial documentation will be provided to interested parties after viewing and confirmation of interest.
The Post office salary is currently in the region of £12,000 and shop sales for the year ended 31 December 2014 were circa £290,000, net of VAT.
Our client is seeking a quick sale and the asking price was initially £210,000 then £175,000. There is scope for further negotiation and the first sensible offer will secure a sale!
The asking price includes the trade inventory which, we are advised, is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.
Reference to the Assessor's website has shown that the subjects are entered in the current Valuation Roll at Rateable Value £7,900.
ENERGY PERFORMANCE CERTIFICATE (EPC)
A copy of the Energy Performance Certificate is available upon request, however, the rating is G.
Offers around £175,000 are sought for the property, goodwill, fixtures and fittings, with stock available over and above at valuation.
Early entry can be afforded on conclusion of Legalities.
All offers should be submitted in Scottish legal terms to DM Hall.
DM Hall are in regular contact with the specialists involved in the financing of business and property purchases in Scotland and would be happy to effect the necessary introductions if required.
Viewing is strictly by appointment and arrangements
can be made by contacting Suzanne Lawrie at this office on 0131 477 6000 (option 3) or by e-mail at email@example.com
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