Commercial property to rent in Teignmouth, Devon

Further details

A WELL ESTABLISHED YEAR ROUND TOY, GIFT AND SOUVENIR BUSINESS IN AN EXCELLENT TRADING POSITION CLOSE TO THE BEACH *******stock could be removed*******


* 45 FOOT DOUBLE FRONTED WINDOW DISPLAY * APPROX 800 SQ FEET RETAIL SPACE * LOBBY/ WC * APPROX 250 SQ FEET STOCKROOMS *


We are delighted to offer for sale this thriving leasehold retail business, which offers a wide range of children's toys, gifts, fancy dress, beach goods and souvenirs.

Situated just off the Triangle and on the road from the railway station, it adjoins Ladbroke's betting shop and a number of cafes and restaurants. It lies within 100 metres of the beach.

The shop itself has a 45ft frontage with excellent window display area. Internally, it is well laid out with an attractive Hawian theme.

There are useful store rooms above.



The Accommodation comprises with approximate measurements:

FRONT SHOP AREA: 27' frontage x 16' 6" depth (8.23m x 5.03m ) Rustic beams and shelving with internal thatched features, display units, security mirrors, counter with till, ample lighting, fitted carpets.

REAR SHOP AREA: 16' 3" x 16' (4.95m x 4.88m) Features as above.

REAR LOBBY: WC and wash basin.
STOCKROOM 1:

FIRST FLOOR:

STOCKROOM 2: 13' x 10' (3.96m x 3.05m)

STOCKROOM 3: 11' 3" x 6' (3.43m x 1.83m)

TENURE: The property is held on a 15 year lease from January 2003.

RENT: Recently reviewed to £11,000 pa exclusive of business rates. Five yearly rent reviews.

TRADE: This is a long established gift and toy business with a high mark up on goods sold. The shop trades very successfully on a year round basis and carries stock of approximately £30,000. The stock could be removed if the buyer wanted to take over an empty unit.

ACCOUNTS: Extracts of the accounts are available for examination by bonafide applicants.

STAFF: The business is run by the Owner and his family. There is usually one member of staff required.

TURNOVER: In the region of £77,000 for the year ended 31st March 2006. Gross profit in the region of £35,000.

RATEABLE VALUE: £4100 RATES PAYABLE: £2279.90 for the current year.

PRICE: £22,500 for the benefit of the valuable lease, business, goodwill, trade fixtures and fittings. Stock at Valuation.




THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.




Letting Details
Let type - Not Specified