the cabin 204512 avenue road, freshwater iw po40 9ut
TRANSCRIPT
The Cabin 204512Avenue Road, Freshwater IW PO40 9UT
CHARTERED SURVEYORSCOMMERCIAL PROPERTY AGENTS
RETAIL
INDUSTRIAL
OFFICE
INVESTMENT
BUSINESS TRANSFER
DEVELOPMENT LAND
MANAGEMENT
RENT REVIEWS
LEASE RENEWALS
VALUATIONS
ARBITRATION
ACQUISITIONS
EXPERT WITNESS
HISTORIC BUILDINGS
CONSULTANCY
DIRECTORS
NICK BUCKLE BSc(Hons) MRICS
GAVIN CHAMBERS BA(Hons)
GRANT HIGGS
JAMIE WHITTLE BSc(Hons) PgDipSurv MRICS
SHAUN WOOLFORD MBA BSc(Hons) Dip Proj Man MRICS
REGISTERED OFFICE
62 High Street, Newport, Isle of Wight PO30 1BA
Registered in England and Wales No. 6477562
Vat No. 928 0215 39
62 HIGH STREET NEWPORTISLE OF WIGHT PO30 1BA
TEL 01983 822555___________________
MERRITTS FARM
WHITE HORSE LANE
WATERLOOVILLE PO7 6QL
TEL 02392 257224___________________
EMAIL [email protected]
www.gullyhoward.com
NEWSAGENTS, SWEETS, CARDS & GIFTS BUSINESS
Well established traditional newsagents in thecentre of FreshwaterAlongside newspapers, the business alsosells traditional sweets, cards and gifts and isa Dry Cleaning drop-off pointShop runs to circa 37.4m² (402 ft²) with agenerous display window to Avenue RoadFor sale with offers invited in the region of £75,000 for Freehold of the building, thebusiness, ffgw + s.a.v.
LOCATIONSituated in Avenue Road, Freshwater in the busiest part of the town with the benefit of free short-stayon-street parking right outside. The Cabin is a very popular and well known business established formany years in this location. Freshwater and its environs have a resident population of around 5,000swelled in the holiday season with visitors coming to the area to enjoy the many walks, ruggedcoastline, the links golf course and the former homes of Margaret Cameron and Alfred Tennyson.Freshwater itself is at the western-most tip of the Island with stunning coastline particularly atFreshwater Bay and is highly popular with walkers following the 'Tennyson Trail'. DESCRIPTIONA glazed frontage of circa 5.9m to Avenue Road with the shop running to approximately 37.4 m² (402ft²). The current business is as newsagents plus traditional sweets in jars as well as otherconfectionery and is supported by the sale of greetings cards, wrapping paper and gifts. Thebusiness also runs a drop-off and collection point for dry cleaning providing a secondary source ofincome. In recent years our client has decided not to sell tobacco products although these could bere-established by new owners if required. The business currently trades for 6 days per week so thereis room for expansion of opening hours to 7 days should this be desired. There are staff facilities andWC located off the sales area to the rear. Please see floor plan overleaf for further detail.THE BUSINESSOur client has traded The Cabin for some 20 years in this location, during which time a strongturnover and profitability has been established and ideally lends itself to an owner/occupier. Furtherfinancial information is available upon request following a viewing of the business, to bona fideapplicants only.PRICEFor Sale with offers invited "in the region of" £75,000 for the benefit of the freehold of the building, thebusiness, trade fixtures, fittings and goodwill plus stock at valuation on completion.
VIEWINGStrictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO381EJ. Contact Gavin Chambers or Jane Bauldry on 01983 301 434. E: [email protected] or [email protected] no circumstances should any approach be made to staff or personnel within the premises as they will be UNABLE toassist you.UNIFORM BUSINESS RATERateable Value: £5,4002018/2019: £0.493p without small business relief. We are advised by our clients that currently NIL BUSINESS RATES arepayable. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession thatmay apply by telephoning Business Rates on 01983 821000.
Whilst these particulars are believed to be correct neither the agent nor the clients guarantee accuracy nor are they intended to form part of any contract. We have not carried out any survey. All offers are subject to formal contract. Interested parties must satisfy themselves independently as to VAT in respectof any transaction. Gully Howard Chartered Surveyors and staff are not able to give any warranty or representation in connection with this property andhave not tested any plant, purchasers must satisfy themselves as to its condition. Plans are shown not to scale and for identification only, dimensions areapproximate and location plans may not show all current occupiers.