Leasehold Retail Toy Shop Located In Padstow

Leasehold Retail Toy Shop Located In Padstow
Can Be Split Into Two Shops (One Bedroom Flat To Be Negotiated)
Ref 2774

Location
This perfectly positioned retail Toy Shop is located in the quaint fishing port and food haven of Padstow which lies on Cornwall’s north coast. Centred around the attractive harbour this bustling town is an eclectic mix of fisherman's cottages, merchant's houses and fantastic restaurants. Whilst fishing and the port's trade have declined over the centuries the void has been readily filled by establishing itself as one of Cornwall's premiere holiday resorts. The success of the town can be attributed to its inherent charms but there is no denying that a certain celebrity chef’s probably contributed to putting Padstow back on the map. The up market holiday resort of Rock brings tourists over daily by ferry across the estuary and the busy town of Wadebridge is just 5 miles away.

Leasehold Asking Price: £135,000 + SAV Or As Two
Shop 1 £55,000
Shop 2 £80,000

Business Description
Veritas Business Sales are delighted to offer for sale this retail Toy Shop which is located within a prime location in the harbour town of Padstow. The business was established by our clients 35 years ago and they are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Priors Corner Toy Shop is owner operated with the help of 2 full time members of staff and has an annual turnover of circa £275,000. The premises were originally two retail shops but the centre wall was removed and now trades as one. There is no reason why this cannot be reconstructed should a purchaser want to.
The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Sunday – 9.00am – 5:00pm

Leasehold Shop 1
Ingoing Premium £55,000
New 15 year lease
Rent: £28,000
Reviewed: 3 yearly
Rates: zero

Retail Shop 1
Retail area (4.3m x 4.3m) with various free standing display stands and professional wall fixed shop fittings.
Storeroom (3.1m x 0.9m).
W/C.

Leasehold Shop 2
Ingoing Premium £80,000
New 15 year lease
Rent: £38,000
Reviewed: 3 yearly
Rates: zero

Retail Shop 2
Retail area (8.4m x 7.1m) with various display stands, various shelves, professional wall fixed shop fittings, sales counter and electronic till.
Storeroom (2.5m x 1.5m) with various shelves and sink with drainer.
W/C.

EPC Rating E