Due to impending retirement, a unique opportunity to acquire a longstanding business with leasehold properties occupying good locations in the town of Bude and at Bridgerule, Nr Bude.
There will be no charge to purchase the business, but the ingoing tenant will be responsible for payment of the rent, plus the purchase of the stock at such time and associated fees for the acquisition of the business.
THE PARTICULARS
All measurements are approximate. None of the fittings have been tested by ourselves.
SITUATION
The Bude premises are located close to the base of Broadclose Hill. They are on the fringe of Bude town centre-en route from a residential area to the town centre and visible from the one way system around the town centre. Bude is a popular coastal resort with a good resident year round population. The A39 is within half a mile and provides excellent road access along the North Cornish Coast. The A30 dual carriageway is approximately 20 miles and provides an excellent road link to Exeter and the M5.
The premises at Bridgerule occupies a position on the entrance to The Countrywest trading estate at Bridgerule, fronting the arterial route between the towns of Launceston and Bude. Bridgerule village centre is within 2 miles and offers limited facilities. The towns of Bude, Holsworthy and Launceston are approximately 7, 9 and 15 miles and offer a full range of facilities.
DESCRIPTION
Bude
This building is a former Coach House of stone construction beneath a pitched slate roof. It is currently arranged over two main levels with a mezzanine entry level. The building provides a total floor area of 127.24sq.m (1,370sq.ft).
Bridgerule
The property occupies a site area of approximately 1.03 acres. There is a substantial yard/display area to the front of the warehouse and a further yard area to the rear. The building provides a total floor area of some 501sq.m (5,390sq.ft). The main warehouse provides some 438.1sq.m (4,716sq.ft) of floor area. To the front of the building is a retail shop and office area providing some 56.11sq.m (160sq.ft). There is also a staff restroom and wc providing some 6.5sq.m (70sq.ft).
THE BUSINESS
The business is for sale due to the retirement of the proprietor. Due to the nature of the business, which is continuing trading, further details will not be provided until serious interest has been expressed. The accounts will only be made available for prospective purchasers following a viewing, subject to the agent's and vendor's discretion.
The stock has recently been valued at £88,000. This is changing daily as the business continues to trade.
LEASE TERMS
Two twelve year leases will be created with 3 yearly upward only rent reviews. The rent will be payable quarterly in advance on the usual quarter days by standing order.
The ingoing tenant will be responsible for reimbursement of insurance premiums paid by the landlord for the protection of the structures and payment of all outgoings on the properties.
The ingoing tenant will be responsible for payment of the landlords legal and agency fees incurred in respect of negotiation of the leases of the premises subject to a maximum of £6,000 plus VAT.
SERVICES
The Bude premises are understood to be connected to mains electricity, water and drainage. The Bridgerule premises are understood to be connected to mains electricity, mains water and private drainage system.
RATEABLE VALUES
Bude - £3,450 Bridgerule - £9,400
(Source: www.voa.gov.uk)
VIEWINGS
Strictly by prior appointment through the sole agents.
Kivells Commercial, 2 Broad Street, Launceston,
Cornwall, PL15 8AD
Tel: 01566 770770
Fax: 01566 775115
Contact: Gary Hooper or Melanie Sampson
Email: commercial@kivells.com