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Beverly Northey Commercial Surveyor View Profile

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Call: 01872 247031
Email: bn@miller-commercial.co.uk

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SOLD - Marchant, 4, The Arcade, St Mawes, Cornwall

Retail for sale

£29,950

Freehold

A Beautifully Presented Luxury Homeware, Gifts and Childrens' Boutique in the sought after coastal village of St Mawes on the Roseland Peninsula.
Offering a hand picked range of gifts and clothing, the business currently trades only from 11am - 3pm Monday - Friday with alternate Saturday opening even in peak season, offering a fabulous opportunity to significantly increase trade.

  • LUXURY HOMEWARE, GIFTS AND CHILDRENS BOUTIQUE
  • HIGHLY DESIRABLE COASTAL VILLAGE
  • BEAUTIFULLY PRESENTED THROUGHOUT
  • IDEAL FIRST VENTURE
  • EPC RATING: C

Property Brochure PDF Location Map

Location

Marchant is situated in the arcade, which is home to a small collection of independent shops enjoying a prominent trading location as one enters St Mawes, adjacent to the main car park. St Mawes itself requires little introduction as one of the County’s most beautiful coastal villages, situated on The Roseland Peninsula. The St Mawes ferry carries passengers to and from the nearby town of Falmouth which is renowned for its Castle, beautiful beaches and Maritime Museum.

Description

With a retail sales area extending to approximately 335Sq.Ft., Marchant benefits from glazed frontage onto the arcade and use of the space immediately to the front of the shop for additional display purposes.
The business offers a beautiful range of luxury gifts and homewares and designer childrens’ clothing from brands such as ‘Frugi’, ‘Kite’, Spanish designers ‘Batella’ and ‘little Cotton Clothes’, (whose ‘quintessentially English’ designs have been a recent choice for Princess Charlotte).

Due to our clients family commitments, Marchant is only open from 11am – 3pm and alternate Saturdays between February Half Term and October Half term, with sporadic weekend opening during the winter months.

The business is run with the assistance of one member of additional staff for one day a week during the summer months.

It is considered that the business sales could be significantly increased by extending the current opening hours and by further expanding the products range.

Trading accounts for the year ending 31st March 2018 show sales of £60,070 with an adjusted net profit of £13,211, (after making the usual adjustments for non essential wages, motor expenses and amortisation).

The Accommodation Comprises

A beautifully presented retail sales area with a range of wall mounted and free standing displays and shelving, built in counter with electronic till and wood laminate flooring.

Immediately to the front of the shop is a forecourt area within the arcade for further displays stands and shelving.

Tenure

The premises is held on a 10 year lease which commenced March 2017 at a passing rental of £500pcm.

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is within Band C.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-
Beverley Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Beverly Northey Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247031
Email: bn@miller-commercial.co.uk

Property Brochure PDF