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Longstanding Corner Shop, Cotton Street, Castle Douglas, DG7 1DG

232 Sq Ft / Retail

For Sale - £85,000.00

Available - Last updated: 20 October 2020

The subjects comprise an attached ground and attic floor retail unit, of traditional masonry construction under a pitched and slated roof. There is a glazed customer entrance door to the front elevation, with external metal security screen. Windows are of timber casement design, externally secured by metal grilles.

The internal accommodation extends to: 

  • Ground Floor
  • Sales Area 
  • Attic Floor Store 
  • Attic Floor
  • Toilet

The sales area has a vinyl covered concrete floor, slat-wall cladding and a lined ceiling. The fit-out comprises freestanding display units, glass fronted fridge and timber point-of-sale counter. The attic level has a suspended timber floor and a coombed ceiling.

Accommodation

Ground Floor Shop 18.70 sq m (201 sq ft )

Attic Floor Store 2.87 sq m (31 sq ft )

TOTAL 21.57sq m ( 232 sq ft )

Terms

SERVICES Mains water, gas (meter removed), electricity and drainage.

PURCHASE PRICE, STOCK & VALUE ADDED TAX Purchase offers around £85,000 are invited for the existing business, fit-out and our client’s heritable interest in the property. The above guide price is however stated exclusive of all stock, which will be available for an additional sum that is equal to the value of the stock at the time of purchase. We are advised that the property is not elected for VAT.

RATING ASSESSMENT RV - £1,650. The property therefore qualifies for 100% rates relief under the Small Business Bonus Scheme.

BUSINESS The business extends back over 50 years and has been under the current ownership since 2015. The customer base comprises a mix of loyal locals, together with passing workmen and visitors. In addition, the business currently delivers to circa 300 customers each day by way of local paper rounds. The shop is presently owner operated and assisted by a parttime staff member. The current opening hours are as follows: Monday to Saturday: 05:00 to 12:30 Sunday: 06:00 to 12:30 The shop does not presently sell alcohol. Further information will be made available to vetted parties following a formal viewing.

LEGAL COSTS Each party will be responsible for their own legal expenses however, in the normal manner, the purchaser will be responsible for LBTT, registration dues and VAT where applicable.

ENERGY PERFORMANCE CERTIFICATE (EPC) Energy Performance Rating: Pending A copy of the EPC is available on request.

Specification

  • FREEHOLD PROPERTY 
  • LOYAL LOCAL CUSTOMER BASE
  • DAILY DELIVERY SERVICE WITH 300 CLIENTS 
  • CONVENIENT EDGE OF TOWN LOCATION 
  • ON-STREET CAR PARKING 
  • QUALIFIES FOR 100% RATES RELIEF

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
The Corner Shop For Sale £85,000.00 NA

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Contact agents

Fraser Carson

Shepherd Commercial

01387 334024



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