Pet Supplies And Fishing Tackle Shop In Southampton For Sale

Business description

with 3 bedroom flat which extends above two shop units below. Located in a parade of community shops. Owners' off-road parking space to side of the premises. Cat, dog, Wild bird seeds and fish foods; pet accessories and aquatic supplies. Fishing tackle brands include Drenna, Dynamite and Sensa Baits, Silstar reels, Sixth Sense rods and reels, ESP Carp tackle. Dry cleaning agency also generates worthwhile commissions. In same hands 33 years, retirement sale. 1 year remaining on renewable 5-year lease.

Property information

Property:

Leasehold

Living accommodation:

Accommodation Included

Location:

LOCATION:
The business is positioned in the centre of a popular community parade of shops in what locals regard as "The Village" in a sought after residential area of Southampton close to riverside properties, parks and walks.
Southampton is the regional capital of England's South Coast and with a population of 221,200 is the largest city in the South East outside London. The economy, formerly based on traditional manufacturing industries and port-related activities is now more diverse. Companies such as Royal Bank of Scotland, Ford, NXP Semi-conductors, Ordnance Survey, Skandia and Merck have headquarters in the Southampton Region. Southampton is one of Britain's most historic and successful deep-water ports; a natural choice for a wide range of customers and trades, with facilities to handle virtually any type of cargo. Its natural deep-water harbour and unique double tide allow unrestricted access for the world's largest vessels. With Europe's biggest on-water boat show - The Southampton Boat Show held annually in September, garden and music festivals - as well as excellent bars, restaurants, clubs and superb venues for music, theatre, film and recreation - there is always plenty to do. West Quay is the premier shopping destination on the South Coast, offering an unrivalled selection of retail brands located in Southampton City Centre. Choose from over 90 stores, including John Lewis and Marks and Spencer.

BUSINESS:
This established pet supplies and fishing tackle retail shop has been in the same hands for the past 33 years. It includes a spacious 3 bedroom flat which extends above two shop units below. It enjoys a prime trading position in a parade of well-supported community shops. There is an off-road parking space for the Owner to side of the premises. Cat, dog, wild bird seed and fish foods; pet accessories, beds, carriers leads and collars and aquatic supplies and live goldfish are stocked. Fishing tackle brands include: Drennan rods and reels, Dynamite and Sensa Baits, Silstar reels, Sixth Sense rods and reels, ESP Carp tackle. A Dry Cleaning agency also generates worthwhile commissions. The Vendors are selling as they now wish to retire.

BUSINESS PREMISES:
(all sizes are approximate and should be considered 'nominal'.)

The semi-detached premises have a double bay frontage with steps up to a central, casement glazed door leading into the first of two retail areas. The 360 sq ft front section is given over to pet foods and accessories measuring 16'9" (5.1m) width x 21'7" (6.6m) in depth. Stairs lead up to the rear 210 sq ft retail area measuring 19'6" (6m) width x 10'9" (3.3m) depth well-stocked with fishing tackle.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate and should be considered 'nominal'.)
The first floor living accommodation is accessed internally via the rear of the shop and offers three bedrooms, lounge, dining room, kitchen, bathroom and w.c. We understand the private accommodation would command a monthly rental value of £650 per month (£8,000 per year). We are informed that an external metal staircase could be constructed to provide self contained accommodation.

OUTSIDE:
There is a small rear garden and space for the Vendors' car to be parked to the side of the premises.

TENURE:
The premises are secured on a renewable, fully repairing and insuring 5 year lease which commenced in May 2006 at a current annual rent of £10,000.

RATES:
Rates of £1,145.35 per year are payable in 2010/11. The domestic accommodation falls into Band A for council tax purposes with £964.56 payable in the year 2010/11.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that mains electricity and mains drainage are connected to the property.

TRADE:
From VAT returns inspected by Adams and Co covering the 12 month trading period to 31 March 2010 sales totalled approximately £75,000.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday to Saturday 09.00 to 17.30
Sunday Closed

STAFF:
The business is operated by a husband and wife team.

STOCK:
The vendor informs us that the value of the stock is approximately £20,000.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
The Vendors have operated this business for the past 33 years. An opportunity now exists for an enthusiastic couple to build on the solid foundations laid down by the Vendors. Financial information will be made available to seriously interested purchasers after they have formally viewed the business.