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BUSINESS FOR SALE - ECHO BEACH, THE WARREN
£32,500 is sought for the business along with a rent of £10,000 per annum. |
The business is arranged as a ground floor shop with level access from the street as well as storage and staff facilities.
LOCATION:
St Ives is one of the most characterful and busiest resorts in the south west. The quaint harbour town is extremely popular during the summer season but also benefits from tourist trade throughout the year due largely to the Tate Gallery and its links with the artist community. The town is highly sought after by National, Regional and Local retailers and there are numerous respected restaurants, bistros and cafes.
SITUATION:
The shop is conveniently located on a busy footpath that connects the Train Station and car park to the town centre ensuring a good foot fall throughout the year.
Surrounding the shop are a number of guest houses B&B’s shops and holiday homes.
DESCRIPTION:
Ground floor retail space with level access from the street. Shallow steps at the rear lead to raised sales accommodation, storage and staff facilities. The premises are presented in an excellent standard of decoration with character exposed trusses and Velux windows and is capable of being traded from immediately.
THE BUSINESS:
Echo Beach is a gallery and craft shop that has been trading for many years selling merchandise sourced from local artists.
Echo Beach Currently opens 9/10 months of the year and trades 7 days a week between March and October.
The shop opens between 10am and 10pm in peak seasons.
Receipts are just below the VAT threshold and show healthy gross and net profits.
Accounts are available for seriously interested applicants.
ACCOMMODATION: (All dimensions and areas are approximate)
Main sales area - 16.9m² - (182 ft²)
Staff WC
RENT:
£10,000 per annum to be paid either monthly or quarterly in advance.
PREMIUM:
An ingoing premium of £32,500 is sought for the business goodwill plus stock at value.
LEASE TERMS:
A new lease is available on a flexible term with three year rent reviews on a full repairing and insuring basis.
BUSINESS RATES:
Rateable Value £1,650 (2010 list).
For further information regarding rates payable, contact Cornwall Council –
Tel: 0300 1234171.
VAT:
We understand that VAT is not payable on the rent.
SERVICES:
We have not tested the services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.
PLANNING:
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
LEGAL FEES:
The ingoing assignee will be responsible for the assignor’s reasonable legal costs incurred in dealing with the grant of a new lease.
EPC: G
Certificate Reference Number: 9926-3065-0457-0000-9825
Report Reference Number: 0990-0045-2479-6625-8006
VIEWING:
Viewing arrangements may be made through Charterwood on
(01872) 261216.
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