Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Sold
1 of 4

SOLD - Coast, Mill Lane, Mousehole

Retail for sale

£49,950

Leasehold

An established gifts, homeware and accessories business offering many leading brands exclusively, located in a quaint courtyard setting in the west Cornwall harbour village of Mousehole.

  • ESTABLISHED GIFT & INTERIOR BUSINESS
  • POPULAR HARBOURSIDE VILLAGE
  • BUSY TRADING POSITION
  • EXTREMELY WELL PRESENTED AND EQUIPPED
  • IDEAL LIFESTYLE OPPORTUNITY
  • EPC RATING (D)

Property Brochure PDF Location Map

Location:

The picturesque fishing village of Mousehole is situated in West Cornwall, approximately 4 miles from Penzance and is famous for being the home of “Stargazy Pie” and the setting for the children’s book, the Mousehole Cat. The premises are situated on the main thoroughfare past the harbour which experiences high levels of visitors during the summer months being one of the areas most popular of tourist destinations.

Property:

A well-presented ground floor retail shop with an L-shaped configuration. Within its own gated courtyard, the property offers 470 sq ft of accommodation which includes sales/display area and small stock room while enjoying ample window frontage.

Business:

The business was established at this location in 2008 specializing in the sales of gifts and interior accessories sourced locally and from many leading giftware suppliers, including Sophie Allport, Gisela Graham and East of India. Coast currently trades from April to October opening 11am to 5pm with additional days during school holidays and Christmas/Mousehole Lights

We understand that turnover/profit has grown consistently since being established and the business is operated solely by our husband and wife clients meaning Coast offers ideal lifestyle opportunity with potential for expansion either through extended opening hours or development of online sales. Our clients have registered relevant domain names which will be included in the sale.

We are advised for the year end 2014 the net turnover (after VAT) is in the region of £87,000 and produces an adjusted net profit of circa £30,000. Further accounting information will be made available subject to a viewing appointment in the normal manner.

Schedule Of Accommodation:

(All areas & dimensions are approximate)

Sales Area:

Light, airy and contemporary sales area in an L-shaped configuration including tiled flooring, exposed stonework, halogen spotlighting, sales desk, shelving and display units.

Store Room:

Partitioned storage area including racking and safe.

Courtyard:

Attractive, quaint courtyard. Shared WC facilities.

Tenure:

We understand the business is available with a new 9 year internal repairing and insuring lease with 3-yearly rent reviews at a commencing rental of £9,500 pax. The lease is to be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954.

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.

Stock:

To be taken at valuation

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 D

Business Rates:

We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services:

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

Value Added Tax:

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

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.

Interested in this Property?
Connect with our Expert

Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF