The property comprises a traditional ground floor retail unit forming part of a larger three storey tenement building. The property is of traditional construction with residential dwellings above. The adjacent property is also a commercial retail unit trading as an unlicenced convenience store.
Internally the property is generally open plan in nature with an L- shaped counter with shelving to the rear. Additionally, there is a store room and staff WC’s.
Location
Cambuslang is located on the south-eastern outskirts of South Lanarkshire. Cambuslang sits on a long bend of the south bank of the River Clyde, a few miles south east of Glasgow. The town has a mix of traditional and modern facilities following historic redevelopment in the area.
The business is located south of Main Street within a predominantly residential area. The property is located on Glebe Place however vehicle access to the property would be via Vicarland Road and Howieshill Road.
Accommodation
THE BUSINESS - The property has been operational as Gilmour’s Off Sales for a number of years, and our clients are now looking to retire. Over the years this profitable business has built up a good reputation with repeat custom coming from the local area. We would note that neither the convenience store next door or the Co-op locally currently have a liquor licence.
Our clients run the business on a day to day basis with no additional members of staff employed.
The current opening hours are.
Monday – Sunday 10am – 10pm.
Gilmours Off sales would ideally suit a hands-on operator who could continue in the same manner whilst introducing their own flare.
Terms
TRADING FIGURES - Full accounts information will be made available to interested parties, following a formal viewing.
RATES - According to the Scottish Assessors website the property has a current Rateable Value of £4,250 per annum with the proposed new rateable figure taking into effect as of the 1st April 2023 of £4,600.
ENERGY PERFORMANCE CERTIFICATE (EPC) - A copy of the Energy Performance Certificate is available upon request.
TENURE - Leasehold – we have been advised that the landlord has assured our client that a new FRI lease would be granted to the purchaser with a passing rent of £5000 per annum.
PRICE - Offers in the region of £48,000 are sought for our client’s leasehold interest in the premises, goodwill of the business and all fixtures and fittings. Stock would be agreed by separate negotiation.
Specification
- Long established off sales business
- Ideally located in a predominantly residential area
- Only liquor licence in the local vicinity
- Excellent trade with repeat custom
- Offers invited.