4 bed Commercial For Sale
Fixed asking price £320,000
A long established, profitable and very successful business supplying home essentials including gardening, hardware, gifts, kitchenware and more in a busy high street location with accessible street parking and enjoying excellent footfall and return custom. Located in this popular town within the Cairngorms National Park, with a superb turnover and considerable sustainable profit from year round trading the shop also benefits from a number of large stone built out buildings and a garage to the rear with the out buildings offering some potential for conversion subject to the necessary consents. The shop trading area extends to some 141sqm and is easily accessible from the main street with large display windows providing excellent natural light in addition to fantastic display areas which create interest and draw in customers. The main shop is divided into sections catering for a divergent clientèle including kitchenware, ironmongery, gifts and gardening. In addition the shop has a paint mixing service and key cutting service as well as supplying bottled gas. The first and second floors of the shop are currently given over to storage and office space but offer further possibilities for expansion or development and in addition there is further cellar storage. Separate but available with the business is a four bedroom town house to the rear of the shop which is further described below and which offers owners living accommodation or additional rental income. With an excellent reputation, strong sales history and prominent location, this is an excellent chance to acquire a business that you can open and trade profitably with immediately. Energy Performance Certificate Rating E
Grantown on Spey is a fine example of Georgian town planning with beautiful architecture and protected buildings which is cradled by the magnificent Spey Valley in the Cairngorms National Park. The town has a good range of individual shops and services, including hotels, restaurants, leisure centre with swimming pool, community hospital, health centre and a petrol station. There are endless walks in and around the town and a purpose built cycle trail in the Anagach Woods for everyone to enjoy and get the most out of this beautiful area with wildlife that can be seen throughout the year including red squirrel, deer, birds of prey, pine marten and many others. There are daily train services to Inverness and the south from Aviemore, and Inverness Airport provides a variety of domestic and European flights. Other distances from Grantown on Spey - Aviemore 15 miles; Elgin and Inverness 34 miles; Aberdeen 80 miles; Perth 95 miles.
The shop is busy year round and serves longstanding return customers from throughout the area who can rely on finding any house related item they may desire to new and passing trade who are pleasantly surprised at the choice and array of stock. The shop area is divided into a distinct sections making it easy to navigate and making the most of the display areas including the gifts and kitchenware section where you can buy anything from an ornament to a wedding gift in addition to kitchen utensils and the DIY, ironmongery and hardware section where items range from nails to power tools and everything in between. There is a further well stocked paint section with paint mixing machine, brushes etc as well as a key cutting machine and gas bottle supply service.
The shop enjoys a prime location in the middle of the busy High Street with prominent, clear signage and its large window and street display invites customers to enter the shop and who will find it difficult to resist leaving before a purchase is made. The large sales counter is positioned to the right of the entrance with a till and associated stock control system which allows for efficient ordering and supply. There is a alarm system in addition to a cctv system inside and outside the shop as well as excellent physical visibility across the sales area.
Additionally there is a wc located to the rear of the shop with a wash hand basin and vinyl flooring, a rear porch with carpet flooring and under stair storage, doors to the outside and office, alarm control panel and stairs to first floor storage. The office enjoys twin windows, carpet flooring and ceiling lighting.
Currently used as a storage area there are windows to the High Street and ceiling lighting. This area could easily be reconfigured to be utilised as further display space.
The second floor provides further storage and there is timber flooring, two velux windows to the rear and a bay window to the front in addition to a further door leading to an office space. The office has carpet flooring, ceiling lighting, a velux window to the rear and a bay window to the front of the premises.
Stairs lead down from the rear passageway to the large cellar area with excellent storage capability. There is concrete flooring and ceiling lighting.
Entrance Hall, First Floor Half Landing, Lounge, First Floor Landing, Bedroom One, Kitchen/Dining Room, Bathroom, Second Floor Landing, Bedroom Two, Bedroom Three, Bedroom Four
Available to purchase separately from the shop and business
The attractive stone built town house with slate roof is located to the rear of the shop and offers generously proportioned and well presented accommodation over three floors with four bedrooms extending to circa 170 sqm, a large lounge with decorative fireplace, modern and sizeable kitchen with dining area and a family bathroom with separate shower enclosure.
Entrance Hall: Entry is through a timber and glazed door and there is carpet flooring, ceiling lighting and there is ample space to hang outerwear and for shoe storage and there is double cupboard housing the electric fuse boards. Carpeted stairs with decorative wooden balustrades lead up to the further accommodation.
First Floor Landing: A further hall leads to the bright and airy lounge which is flooded with natural light from twin windows to the front of the property. There is a ornate and impressive fireplace with timber surround, ceiling lighting and carpet flooring.
Kitchen / Dining Room:
The modern and spacious kitchen boasts a good range of base, drawer and wall units in contemporary grey with light oak coloured worktops which offer excellent amenity. There is an integrated fridge & freezer, ceramic Hob & oven with illuminated extractor fan, space and plumbing for washing machine, a chrome sink and drainer and breakfast bar. There is great space for a dining table and chairs which completes the room and allows for family dining or entertaining friends.
Bedroom One: A spacious double bedroom or further family room which has double windows providing excellent natural light. There is carpet flooring, ceiling lighting and a beautiful decorative fireplace with tiled surround and timber mantle.
Bathroom: There is a four piece suite including wc, pedestal wash hand basin, bath and separate shower enclosure. There is vinyl flooring and ceiling lighting.
Second Floor Landing: There are twin stain glass windows in addition to a velux and doors lead to the further three double bedrooms with integral storage wardrobes.
TOWN HOUSE HOME REPORT VALUATION - £150,000
These stone built stores with slate roofs offer some potential for alternative use subject to the necessary consents and at present offer storage extending to some 126 sqm
Store 1 (7.6m x 4.2m) - Fluorescent lighting, concrete flooring, double windows to front, light & power, shelved walls
Store 2 (7.94m x 4.67m total) - This large area has a further inbuilt store room, wall shelving, power and light. There are double doors and 4 windows to the front.
Store 3 (3.95m x 3.42m) - This store houses the forklift and there are storage shelves.
There are two separate up and over doors, concrete flooring, power and light, ladder access to a floored loft storage area and there is an additional smaller store accessible from the garage with four windows and separate front access door. To the side of the garage is the gas bottle storage area with secure cages and parking for two vehicles.
The business has traded for over 40 years with 2 owners and has consistently provided a central point as the go to shop for anything house and garden related. With an absence of large scale competition such as B&Q or Wickes etc the shop is super convenient for locals as well as retaining a strong trade account portfolio extending to over 60 with both large and small businesses utilising Donaldsons accessibility and competitive prices. With an excellent turnover in the region of £350,000 - £400,000 and profits consistently over £100,000 you can see why this thriving business offers a definite, speedy and impressive return on investment.
We consider that the business offers an excellent opportunity to acquire a profitable, very popular and established retail operation with scope to grow sales and profits located in a prime National Park location popular with tourists, locals, trade accounts and passing trade and invite offers to include the shop, fixtures, fittings, service equipment, trade accounts, trading name, face book page. The business can be bought without the Town House. Stock at valuation.
The town house has a home report valuation price of £150,000
The 4 bedroom town house can be utilised as owners / managers accommodation or indeed being separate from the business can provide a separate rental income currently estimated at circa £700 per calendar month.
The shop is currently open Monday to Saturday 9am - 5pm with half day opening on Thursday. A number of strategies can be initiated to increase the business profit if required including the extension of trading areas to upper floors and providing increased opening as well as social media expansion and website sales.
The business has a well followed facebook page https://www.facebook.com/DonaldsonsHardware and offers a great base to expand interest in the store with the many marketing opportunities offered by facebook.
To obtain a copy of the home report, please visit our website massoncairns.com where an online copy is available to download.
If viewing on Rightmove click the EPC link and the home report will download.
EPC Rating G for the town house
EPC Rating E for the shop
Each party will be responsible for their own costs in relation to the sale/purchase and transfer of the business and premises.
The premises are offered as a whole on the terms of absolute ownership.
It is understood the subjects currently attract a rateable value of £18000 per annum and may qualify for 25% Small Business Rates Relief.
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The town house is currently banded C for council tax purposes.
Full accounting details will be made available to seriously interested parties subsequent to viewing and the current owners would be happy to provide a business handover for a designated time frame to the successful purchaser.
There is mains water, drainage and electricity. There is electric heating to the shop and town house.
Fixed Price of £320,000 to include the shop, fixtures, good will, fittings, service equipment, trade accounts, trading name, face book page, stock at valuation. The town house is available to purchase in addition to the shop and business and has a home report valuation of £150,000
Shop and business are available to purchase separately from the town house.
This will be calculated additionally to the sale price by analysing the current stock and agreeing a live stock value.
Viewing is strictly by arrangement with and all offers to be submitted to:-Masson Cairns
Grantown on Spey
Tel: (01479) 874800
Fax: (01479) 874806
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