LEASEHOLD - GOING CONCERN FOR SALE. SITUATED IN THE CENTRE OF FOWEY, AN ESTABLISHED RETAIL BUSINESS WITH GENEROUS SHOP FLOOR SELLING SPACE. Read more
LEASEHOLD - GOING CONCERN FOR SALE. SITUATED IN THE CENTRE OF FOWEY, AN ESTABLISHED RETAIL BUSINESS WITH GENEROUS SHOP FLOOR SELLING SPACE.
Fowey is regarded as one of the most attractive waterside communities in the county. Particularly well known as a popular sailing centre, the town has two thriving sailing clubs, a famous annual Regatta and excellent facilities for the keen yachtsman. For a small town Fowey provides a good range of shops and businesses catering for most day to day needs. The immediate area is surrounded by many miles of delightful coast and countryside much of which is in the ownership of the National Trust. Award winning restaurants, small boutique hotels, excellent public houses etc, have helped to establish Fowey as a popular, high quality, destination.
There are several excellent golf courses within easy reach, many world class gardens are to be found in the immediate area and the fascinating Eden Project with its futuristic biomes is just 5 miles to the north west.
There are good road links to the motorway system via the A38/A30. Railway links to London, Paddington, can be made locally at Par, and St. Austell and there are flights to London and other destinations from Newquay.
Powell Craft is an established business selling a variety of top quality decorative homewares, scented gifts, hand-finished cotton nightwear, childrenswear, babywear, nursery accessories and a range of very popular rag dolls. The current business sources most of the existing range from a local family run business established in 1962. Many of the products are locally made or sourced from family-run suppliers. Having been run very much as a life-style business in recent years, especially last year when, for personal reasons the shop was open very little. Therefore there is huge potential to maximise income from increased opening hours, especially during the peak tourist seasons. The vendor is willing to discuss this matter with applicants on request.
Tenure: Leasehold - The business is offered for sale as a going concern at a price of £12,000 plus SAV. Powell Craft is available by way of an assignment of the existing lease which expires in December 2019. The lease can be extended for a further 3 years, subject to the usual landlord approvals etc.
Rent - Current Rent £9,000 p.a., likely to rise to £10,500 p.a. on renewal.
Local Authority - Cornwall Council, 39 Penwinnick Road, St Austell, Cornwall, PL25 5DR
Services - None of the services, systems or appliances at the property have been tested by the Agents.
Viewing - Strictly by appointment with the Sole Agents: May Whetter & Grose, Estuary House, Fore Street, Fowey, Cornwall, PL23 1AH. Tel: 01726 832299 Email: firstname.lastname@example.org