ESTABLISHED CHANDLERY BUSINESS

Tobermory, Argyll and Bute

Status

FOR SALE

Date Submitted:

13/01/21

Advert ID

270749

Reference

WSA1914 / Rightbiz
Asking Price: £135,000
  • Established marine chandlery business with 20 years trading history.
  •  Prime location in the iconic Town Centre of Tobermory.
  • Total Net Internal Area of 61.5 sq.m.(662 sq.ft.)
  • No VAT payable.
  •  OFFERS OF £135,000 ARE INVITED, EXCLUDING SAV

 

LOCATION
The picturesque harbour town of Tobermory is well- known for its colourful buildings, and is the main commercial centre for the Island of Mull, it is an extremely popular tourist destination off the west coast of Scotland.

The property is prominently located on Main Street (A845) in the town centre of Tobermory, within short walking distance of the pier, harbour and marina, overlooking Tobermory bay.

Mull is a popular destination for visitors and the local population of around 3,000 persons is significantly expanded in the main summer season by a high influx of tourists. The local economy is established around the traditional fishing, agriculture, tourism and the related service industries.The islands can be reached by three regular vehicle and passenger services which connect mainland Scotland, each operated by Caledonian MacBrayne.

The subjects are within a small terrace ofretail units where adjoining occupiers are typically of a private independent nature. These include a gift shop, a laundry, a coffee shop and a fishing tackle and book shop. Also nearby is a youth hostel, museum and a branch of Clydesdale Bank and a Co-op Supermarket.

Tobermory town centre also contains arange and variety of leisure propertiesincluding several hotels, guesthouses,restaurants and bed and breakfastestablishments.

The property benefits from unrestrictedon street car parking on Main Streetto the front. A typical range of towncentre amenities are within easy walking distance.

The location of the subjects is highlightedon the attached plans.

 

DESCRIPTION
The subjects occupy part of the ground floor within a 2 storey and attic terraced building of traditional construction.

The unit has two timber framed display windows either side of a recessed entrance door which is protected externally by double timber storm doors.

Internally, the accommodation is arranged to provide the front sales and counterarea, connecting to a rear sales area, off which is a small back shop/store. Entered from the back shop is a small staff toilet compartment.Heating is provided by wall mounted electric storage radiators.

FLOOR AREA
According to our calculations, on a Net Internal basis, the following floor areas are afforded:-

Front Sales Area 36.1 388
Rear Sales Area 17.8 192
Back Shop Store 7.6 82
TOTAL 61.5 662

THE BUSINESS
Originating back in 1977, Seafare is a long established and extremely well regarded business that benefits from high levels of repeat custom from the local fishing fleet, boat enthusiasts and word-of-mouth recommendations from its loyal customers.

Whilst it retails the standard chandlery items, it also houses an array of nautical clothing, footwear and all outdoor activities including campervans.

Seafare has an excellent reputation with its suppliers and has been, and continues to be, very well supported by locals and boatenthusiasts, with people travelling from far and wide to make purchases.

Standard trading hours are Monday-Sunday 9am-5:30pm and 10am-5pm in the winter.

The business was owner operated for since its establishment but due to personal circumstances, this unique business opportunity is now available for purchase.

RATEABLE VALUE
Rateable Value - £8,600.

Subject to applicant qualification, the subjects should qualify for 100% rates relief under the Small Business Bonus Scheme.

Please note that a new occupier has the right to appeal the current assessment.

EPC
A copy of the Energy Performance Certificate can be made available upon request.

LEGAL COSTS
Each party will be responsible for all legal costs incurred in the transaction

SALE TERMS
Offers over £135,000 are sought for our client’s heritable interest in the property (freehold equivalent) and goodwill.

VAT
No VAT will be payable on this sale.

ACCOUNTS
Trading accounts will be made availablefollowing viewing of the premises and the recording, in writing, of a formal interest

Contact Agent
Advert Reference:
WSA1914 / Rightbiz
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