The subjects comprise a ground floor retail unit together with an inter-connected former self-contained one bedroom flat now used as storage space and staff toilet for the shop. The subjects form part of a mid-terraced two-storey and attic building of stone and slate construction with rear extension of block rendered construction and flat roof over. The frontage of the shop comprises an aluminium framed single glazed large display window with flush aluminium framed single glazed entrance door. Access to the former flat is via an entrance door from South Mount Street and from an inter-connecting door at the rear of the shop.
Location
The subjects are located at the northern end of South Mount Street approximately 30 metres from its junction with Rosemount Place, within the heart of the popular Rosemount area of Aberdeen, which lies approximately half a mile north of the city centre. Surrounding occupiers comprise a mixture of commercial businesses and residential flats.
Accommodation
Retail unit
Sales area, rear office - Net Internal Area - 50.65 sq m (545 sq ft)
Former Flat
Entrance vestibule, lounge with kitchen off, bathroom, bedroom - Gross Internal Area - 35.00 sq m (376 sq ft)
Terms
THE BUSINESS
The property has been in the same ownership for twenty years and has traded successfully as a supplier of running shoes, apparel and other accessories. The current opening times are as follows:
Mon to Sat – 9.30am to XXXm
Thurs until XXXm
The property and business is being offered for sale by the current proprietor who is retiring and offers an ideal opportunity for a new owner to take over a successful local business and drive it forward. The current turnover is in excess of £250,000 per annum. Copies of financial information can be made available to genuinely interested parties upon request.
PRICE/PROPOSAL
Our client is seeking offers in excess of £170,000 for their feuhold interest in the shop plus business goodwill. Stock will be purchased at valuation. The former flat is available by separate negotiation. It is considered that it could readily be converted back to residential use. Alternatively, our clients may consider lease proposals for the premises. Further details provided upon application.
Specification
• DUE TO RETIREMENT WE HAVE BEEN INSTRUCTED TO OFFER FOR SALE THE ABOVE BUSINESS, WHICH HAS BEEN UNDER THE SAME OWNERSHIP FOR TWENTY YEARS
• OFFERS AN IDEAL OPPORTUNITY TO ACQUIRE AN ESTABLISHED AND SUCCESSFUL RETAIL BUSINESS WITH THE POTENTIAL FOR FURTHER GROWTH
• TURNOVER IN EXCESS OF £250,000 PER ANNUM