BUSINESS FOR SALE
The subjects comprise a large ground floor retail premises, three bedroom flat and paved outdoor area to the rear.
The shop has a traditional frontage with timber framed and double glazed display windows and a centrally located recessed entrance door. Flooring is of solid construction with tiled overlay. Internally, the subjects are laid out and arranged to provide a large sales area with a large counter used for both Post Office and convenience store sales.
The premises are utilised as a Premier Convenience Store and are fully fitted for this purpose incorporating various shelving and racking for display purposes together with fitted refrigerators and a service counter. There are staff WC facilities and a kitchenette within the shop.
At the back of the shop there is the old Post Office sales counter which is now used as a store room. Behind this is the stock room where there is external access to the rear of the property.
Location
East Calder is a village located in West Lothian, Scotland and is situated west of Edinburgh and just south of Livingston. It is a popular commuter area for Edinburgh and Glasgow and there are substantial housing developments going on in the village.
The subjects are situated on Main Street which is the main thoroughfare through East Calder and is the lively shopping and leisure focus of the village. The property occupies a mixed residential and commercial location with ample car parking closeby.
Accommodation
Retail Space
The retail unit has a total net internal area in the order of the 230.54 sq m (2,482 sq ft).
Residential Flat
129 Main Street is a three bedroom flat with, a large kitchen, spacious bedrooms, large living room and bathroom with both bath and shower facilities. It benefits from both its own separate access as well as access from within the shop.
The flat has been well maintained and is presented to a good standard. Future owners could either use this as owners accommodation or as a rental opportunity for further income.
Terms
THE BUSINESS:
This business is reluctantly being brought to the market as a result of retirement. The business is well run and comes with a spacious first floor flat in excellent condition.
The convenience store has a prominent location on Main Street with an increasing number of residential properties surrounding it from which to draw custom. The business also benefits greatly from being surrounded by many well-used local amenities such as the health centre, community centre, library, dental surgery, day care centre, a couple of hairdressers and many cafes. The store also sits between two Primary Schools, attracting custom from school children and their carers.
This is reflected in the year ended 31st December 2020 accounts with a turnover of £XXX Further financial documentation will be provided to interested parties after viewing.
PRICE
Offers in the region of £XXX are invited for the goodwill, fixtures and fittings of the business, the commercial premises and the residential flat.
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: £XXX
We are advised that the current business rate is 49.8 pence, however this property benefits from 100% rates relief.
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 (71)
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, Post Office and spacious flat in central Scotland
- Long established business in good trading position
- Large three bedroom first floor flat with separate street entrance
- Offers in the region of £XXX are invited