The property comprises windowed retail premises forming part of the ground floor of a substantial terraced Listed Building with the upper floors being in residential flatted use.
Internally the ground floor sales area has in inverted ‘L’ shape beneath which is a storage cellar.
To the rear is a three storey extention providing additional storage over the floors as well as an office and staff toilet. This section fronts onto Kilpair Street which offers a loading/unloading facility with an adjoining bin store.
THE BUSINESS
The business of J S Main & Son, a family concern has been established in Haddington since 1926. It was originally a saddle and harness maker, and over the years has expanded to stock hardware, tools, outdoor clothing and associated equipment.
The existing business trades from 9am to XXXm Monday to Saturday and specialises in proving superb customer service by ordering specific goods and arranging appropriate delivery thereof.
Since 2012 sales generated have been annually in excess of £XXX providing a gross profit margin in the region of 30%. Audited accounts for the last 3 years are available to SERIOUSLY interested parties.
Location
The market Town of Haddington with a population of approximately 8,500 is centred in East Lothian approximately 17 Miles to the East of the City of Edinburgh and readily accessible from the A1 trunk road.
The Town is expanding quite rapidly with major residential developments ongoing and proposed on it’s Northern and Western boundaries. Established businesses are well supported by the local population as well as from the surrounding towns and villages and the agricultural hinterland.
The subject property is located in the immediate Town Centre on the North side of the High Street at it’s Eastern end. Nearby businesses include a general store, health shop, newsagents and wine store.
Accommodation
Front Section:
Sales - 31.94 sq m (344 sq ft)
Cellar - 59.00 sq m (635 sq ft)
Rear Section:
Office/store - 17.86 sq m (192 sq ft)
Ground floor store - 20.42 sq m (220 sq ft)
First floor store - 29.00 sq m (312 sq ft)
Second floor store - 29.00 sq m (312 sq ft)
Terms
LEASE TERMS - The sellers of the Business are prepared to enter in to a long term lease of the property at an initial rent of £XXX per annum. Further details by negotiation.
PRICE - The business is available at a price in excess of £XXX with the existing stock being transferred at valuation.
ASSESSMENT - Reference to the Assessors website has shown that the subjects are entered in the current Valuation Roll as follows:-
Shop Rateable Value £XXX
The current rate in the pound for the year 2015/16 is XXX. Under the terms of The Small Business Bonus Scheme properties with a Rateable Value of less than £XXX can qualify for 25% of relief of rates paid (depending on circumstances) and further information of The Scheme can be obtained from the Scottish Government website www.scotland.gov.uk/businessrates.