The subjects comprise retail premises occupying the ground floor of a two storey property being of stone construction under a pitched and tiled roof.The subjects extend to the rear, the extension being of brick/stone construction under a flat roof, the surface finish having been recently renewed. The shop has a traditional frontage with timber framed and glazed display windows and a centrally located recessed timber framed and glazed entrance door.The frontage is protected externally by security shuttering. Internally the subjects are laid out and arranged to provide front sales with back shop, whilst a dry goods store and WC complete the accommodation. The back shop is accessed to the rear of the service counter and an exit on the rear elevation is provided for fire escape purposes. The subjects are utilised as a traditional CTN operation and are fully fitted for this purpose incorporating timber shelving and racking for display purposes together with built in timber framed and glazed service counters.
Location
The subjects are situated on the Southmost side of High Street forming part of the main shopping thoroughfare within the village of Prestonpans. High Street (B1348) is the main coastal road route through Prestonpans connecting to the villages of Cockenzie, Longniddry, and Aberlady to the Northeast and Wallyford and Musselburgh to the Southwest. Prestonpans is located approximately seven miles East of Edinburgh City centre. The subjects are situated in an area of mixed commercial and residential usage and adjoining occupiers include Greggs the bakers and East Lothian Council.
Accommodation
We would summarise the accommodation as undernoted: -
Sales area 62.15 m2 (669 sq ft)
Storage 12.26 m2 (132 sq ft)
Back Shop 4.8 m2 (51 sq ft)
The above areas are approximate and provided for information purposes only.
Terms
THE BUSINESS
Our client commenced trading in September 2006, operating as a traditional CTN serving the local community. Opening hours are currently as undernoted: -
Monday – Friday 5.30 am – 5.30 pm
Saturday 5.30 am – 5.00 pm
Sunday 6.00 am – 12.00 pm.
A good range of confectionery, toys and general goods are available in addition to a selection of newspapers and magazines. There is a significant range of greetings cards also for sale and a Christmas club is operated on an ongoing basis. There are a number of paper delivery rounds undertaken both in the mornings and afternoons and the weekly newsbill is circa £2,000. Payzone is currently available for the top up of mobile phones, payment of bills etc and there is also a photocopying service.
Financial information will be provided to seriously interested parties only after viewing and confirmation of their interest. For information purposes, however, the turnover is in the region of £280,000.
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.
PRICE
Offers around £140,000 are sought for the property to include goodwill, fixtures and fittings, with stock available over and above at valuation.
Specification
• LONG ESTABLISHED BUSINESS IN GOOD TRADING POSITION
• EXTENSIVE RESIDENTIAL CATCHMENT AREA
• WELL FINISHED AND FITTED PREMISES
• WEEKLY NEWSBILL CIRCA £2,000