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Launceston Gift Shop For Sale

Launceston, Cornwall
Asking Price:
£39,950
Sales Revenue:
Available on request
Cash Flow:
Available on request

The property comprises of a ground floor lock up shop with office behind, and stairs below to a large basement with storage rooms. The premises offer approximately 470 sq ft of retail space with excellent triple fronted display windows and within the shop are various shop fittings, corner counter and glass display cabinets that will be included within the sale of the business. Steps lead down to the cellar, where there is a staff cloakroom and four small storage rooms.
Operated by our clients for the past 17 years, now available only due to retirement, the business is that of a gift shop selling jewellery, gifts and cards etc. The shop opens 6 days a week and is under the personal supervision of a husband and wife team. Opening hours are 9am – 5 pm with a member of staff working 4 days a week and another working one day a week, all year round.

Property information

Property:

Leasehold

Lease Terms:

Our clients own the freehold of the premises and are seeking to retire and sell the business as a going concern and provide a brand new lease for a term to be agreed at a commencing asking rental of £6,000 per annum and an ingoing premium of £39,950.

AGENTS NOTE A purchaser will need to provide the usual trade and bank references for Landlord’s approval.

Leasehold Rent:

£6,000 per annum

Location:

In a busy town centre trading position, opposite the Grade I listed church of St Mary Magdalene; this property occupies a bold corner trading location, within a short level walking distance of the main town centre. Launceston is often referred to as the ‘Gateway to Cornwall’, just off the A30 link into the county. The town is 42 miles West of Exeter and 26 miles North of Plymouth. Launceston is mid-way between the North and South coast of Cornwall and is a popular tourist destination as well as being the main commercial centre with a population of around 9,000 inhabitants, which is boosted during the summer months with an influx of tourists. The town offers and interesting selection of local and national retailers with a diverse culture of cafes, bars and restaurants.

Energy Performance Rating:
E

Other Information

Home based:
This business can be run from home.

Contact Information

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