Retail property (high street) for sale

Freehold Gift Shop Located In East Looe

0121 721 6440

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Retail property (high street)

0 bed

0 bath

Property description & features

Established Business
Freehold
Prominent Town Centre Location
Self Contained Four Bedroom Accommodation Above

Freehold Gift Shop Located In East Looe
Self Contained Four Bedroom Flat Above
Ref 2636

Location
This very well established Gift Shop is located in the highly desirable harbour town and fishing port of East Looe in South East Cornwall. Its situated within a prominent and highly visible trading location which brings high levels of footfall to the area and enjoys stunning views across the estuary. The town manages to be trendy and yet remains a great family resort with many restaurants and shops to visit all year round. Looe is 20 miles west of Plymouth and seven miles south of Liskeard, divided in two by the River Looe, East Looe and West Looe being connected by a bridge.

Freehold Asking Price: £549,950 plus SAV (£20,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Gift Shop business which is located in East Looe. The business was established by our clients over 50 years ago and is now being offered for sale so that they can enjoy a well deserved retirement..
Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included with in the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Shell Shop is owner operated and employs the help of 2 full time members of staff and for year ending 31st December 2021 will post a turnover of circa £220,000 producing good profits. They retail a wide range of gifts for holiday makers as well as bags, jewellery, jokes and is one of the best stockist of fancy dress outfits in Cornwall. Looe is famous for its New Years Eve fancy dress parties along with many functions during the holiday season. The property comes with a self-contained four bedroom flat above.
The business 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 which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Opening Hours
Monday - Sunday - 9:30am - 6:00pm

Ground Floor
Retail shop area 1 (9.6m x 3.1m) with various shelving, various retail display stands, glass display cabinet and central sales counter.
Retail shop area 2 (5.7m x 3.8m) with various retail display stands and various shelving units.
Retail shop area 3 (7.5m x 3.5m) with various retail display stand and various retail shelving.
Storage room (1.0m x 2.5m) with various shelving.
Accommodation
First Floor
Lounge (4.4m x 3.5m)
Kitchen (2.2m x 3.5m) with fully fitted kitchen, cooker, dishwasher, fridge and washing machine
Bathroom (1.5m x 4.0m) with wash basin, bath/shower and w/c
Dining Room (2.9m x 4.9m)
Bedroom 1 (4.0m x 4.2m) double
Bedroom 2 (2.1m x 3.6m) single
Bathroom 2 with shower, wash basin and w/c
Second Floor
Bedroom 3 (3.3m x 3.4m) double
Bedroom 4 (4.1m x 2.5m) double
Ample Attic Storage

External
Storeroom (5.2m x 4.2m) with various shelving.
W/C

EPC Rating B

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Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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What is your home worth?

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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