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Business For Sale, Castlegate Newsagents, 1 Castle Street, Banff, AB45 1DH

2,111 Sq Ft / Retail / General Retail

Sold - Last updated: 07 October 2021

The property comprises a two storey mid terraced building of concrete construction. The roof over appears to be clad in bituminous felt.

The main retail frontage consists of three large single glazed display windows to Castle Street, though the principal access is taken from a corner door.

The ground floor consists of a large sales area. Staff facilities are located to the rear of the shop which has direct access to the outside rear for ease of deliveries. The first floor storage is separately entered by an adjacent door and staircase to Castle Street and all lies above the main retail area.

Location

The premises occupy a prominent corner position at the junction of Castle Street and Boyndie Street within the town of Banff. Castle Street forms part of the principal thoroughfare within the town centre.

Banff lies approximately 45 miles north west of Aberdeen and 35 miles east of Elgin and has a resident population of around 4,200. The town is one of the main service centres within the Banff and Buchan district of Aberdeenshire and is a popular tourist and daytrip destination.

Accommodation

The following accommodation is provided measured on a gross internal area basis in accordance with the RICS Code of Measuring Practice (Sixth Edition)

Ground Floor

Main sales area - 99.59 sq m (1,072 sq ft)

Card Sales - 17.11 sq m (185 sq ft)

Back Shop including staff facilities - 10.53 sq m (113 sq ft)

First Floor

Storage - 68.92 sq m (742 sq ft)

Total - 196.16 sq m (2,111 sq ft)

Terms

Offers of £360,000 are invited for our client’s heritable interest, business goodwill and fixtures and fittings. Stock at valuation. We understand that the full trade inventory is owned outright and is not subject to any lease agreement. 

Specification

  • Net Internal Area 196.16 sq m (2,111 sq ft)
  • Profitable newsagent business
  • Excellent opportunity to acquire a successful business and drive it forward
  • Turnover in excess of £530,000 

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