The property comprises modern retail premises contained within a single storey building which has a prominent frontage with three large display windows and double central glazed door. The frontage further benefits from security shuttering.
Internally the shop is presented to a good standard with modern refrigerator units, shelving units and display units. The main sales area has recently undergone a refurbishment with a new suspended ceiling and modern inset LED light boxes. To the rear is a staff W/C, kitchenette and store room.
Location
The village of Plean is situated approximately 5 miles south east of Stirling and located on the main A9 road from Falkirk.
The property occupies a prominent position on the east side of Main Street, an established residential area with neighbouring properties including Alex Graham Bakers & Caterers and the Plean Tavern with East Plean Primary School lying a short walk away.
Accommodation
We would summarise the accommodation as undernoted:-
Ground Floor
Sales area, office, store room, staff w/c and staff kitchenette - Gross internal area: 140 m² (1,500 sq ft)
Terms
THE BUSINESS
Our client has owned the business for a number of years, operating as a licensed grocer/newsagents serving the local community and has reluctantly decided to sell due to new business ventures.
Opening hours are currently -
Monday – Thursday: 6.30 am – 9.00 pm
Friday and Saturday: 6.30 am – 10.00 pm
Sunday: 8.00 am – 6.00 pm
The shop provides a wide range of stock including groceries, off sales, cigarettes, frozen produce and confectionery. The shop also provides a selection of stationery and greeting cards. National lottery, Paypoint and an ATM are available.
Our client oversees the running of the business with assistance from family members and one part time member of staff.
Financial documentation will be provided to interested parties after viewing. Sales for the year ended 30th April 2017 were £XXX net of VAT.
TRADE INVENTORY
The asking price includes the trade inventory which, we are advised, is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.
RATES
Reference to the Assessor’s website has shown that the subjects are entered in the current Valuation Roll at Rateable Value £XXX and should therefore qualify for 100% rates relief under the small business bonus scheme.
ENERGY PERFORMANCE CERTIFICATE (EPC)
A copy of the Energy Performance Certificate will be made available upon request.
PRICE
A guide price of £XXX is sought for our clients leasehold interest to include goodwill, fixtures and fittings, with stock available over and above at valuation.
TENURE
Leasehold. The subjects are held on the basis of full repairing and insuring lease until 25 June 2027 with a reduced rent for the incoming tenant of £XXX per annum and 3 yearly reviews. The landlord has confirmed that they would offer a lease extension for up to a period of 21 years.
ENTRY
Early entry can be afforded on conclusion of Legalities.
OFFERS
All offers should be submitted in Scottish legal terms to DM Hall.
Specification
- Licensed grocer/newsagent
- Well stocked and fitted out
- Located in residential area and close by to primary school
- Weekly sales circa £XXX net of VAT
- Energy Performance Certificate available on request
- Leasehold - Guide Price £XXX