The subjects comprise a two story end terraced retail unit of traditional construction. Providing the following accommodate:
Ground floor: Open plan retail area, Staff WC
First Floor: Storage.
The property is currently trading as a Premier branded licensed newsagent.
Location
Banff is an attractive coastal town situated on the Moray Firth around 45 miles north of Aberdeen, and 35 miles east of Elgin.
The town has a population of around 4,000 people, with plenty of shops, amneties and restaurant options, along with the provision of both primary & secondary educational facilities.
The subjects are located on Castle Street which is one of the main thoroughfares through Banff and forms part of the A98 coastal road. Nearby occupiers include TSB Bank, multiple guesthouses and local Pharmacies.
Accommodation
The premises have been measured in accordance with RICS Code of Measuring Practice - 6th Edition. The net internal floor areas have been calculated as being approximately as follows:
Ground Floor: 143 sq m / 1,539 sq ft
First Floor: 69.25 sq m / 745 sq ft
Terms
THE BUSINESS: This business is reluctantly being brought to the market as a result of retirement.
The convenience store occupies a good location having limited levels of competition nearby and plenty of commercial and residential properties surrounding from which to draw custom. It also appears well maintained and is easily manageable for an owner operator providing flexible ground floor accommodation to suit any potential purchaser.
This is reflected in the previous years accounts with turnover regularly in excess of £690,000. Further financial documentation will be provided to interested parties after viewing.
PRICE: Offers over £295,000 are invited for the goodwill, fixtures and fittings of the business and the freehold interest of the commercial property.
TRADE INVENTORY: The trade inventory is not included in the asking price and is available through separate negotiations.
ASSESSMENT: We have consulted the Scottish Assessor’s website (www.saa.gov.uk) and note that the premises are entered in the current Valuation Roll as follows:-
Rateable Value: £17,750
VAT: All figures quoted are exclusive of VAT if applicable.
ENTRY: Upon completion of legal arrangements.
ENERGY PERFORMANCE RATING: The property has the following EPC rating: E (65)
LEGAL FEES: Each party will be responsible for paying their own legal costs incurred in this transaction.
Specification
- A great opportunity to acquire a busy convenience store.
- Currently trading as a Premier Store.
- Long established business in good trading position.
- Offers over £295,000 are invited.