Chartered Surveyors and Business Property Specialists
Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Sold
1 of 5

SOLD - Savage Surf, The Seafront, Portreath

Retail for sale

£265,000 Guide price

Freehold

A delightful seaside retail business, open from April to October with excellent levels of turnover and profitability. The property is immediately available and affords tremendous scope for growth through extending the season.

  • ESTABLISHED SEASONAL RETAIL BUSINESS
  • PRIME POSITION NEAR CAR PARK AND BEACH
  • APPROXIMATELY 1,500 SQFT OF RETAIL SPACE
  • OFF ROAD PARKING FOR 2 TO 3 VEHICLES
  • ENERGY ASSET RATING D

Property Brochure PDF Location Map

Location

Savage Surf is situated in the thriving harbour side village of Portreath. Portreath is readily accessible to the A30 and has seen a tremendous growth in residential development in recent years and also enjoys large numbers of visitors during the summer season as there are a number of holiday parks within close proximity.

The Business

Our clients acquired the business approximately 10 years ago. The business specialises in the sale of a wide spectrum of seasonal goods including beach and sporting goods, ladies and gents summer fashion wear, beach footwear, sunglasses, souvenirs, ice creams and cold drinks etc. In addition to the aforementioned they also have a sizable surf hire business with surf boards, body boards, kayaks, wetsuits etc.

Our clients trade the business on a seasonal basis only from April through to early October and it is felt there is scope for extending the season or possibly opening on weekends throughout the year. The Accounts for the year ending 5th April 2015 show a turnover of £167,848 with a GP percentage of 52.81%. Our clients have historically operated the business as a husband and wife team with the assistance of casual summer staff.

The Accommodation Comprises

(all areas and dimensions are approximate)

Description

The shop which boasts approximately 1,550 sq ft of retail space is divided into clearly defined product areas with:

Area 1

7.39m x 3.57m. Counter with electronic till, ice cream freezers, display shelving, drinks fridge.

Area 2

8.23m x 2.3m. Beach goods area stocking buckets and spades, beach balls, windbreaks etc. This area in turn leads to the storeroom and wc.

Area 3

9.51m x 5.23m. Summer clothing. Ladies and gents leisurewear including brands such as Salt Rock, Animal and Reef.

Area 4

4.53m x 3.28m. Souvenirs/gifts. Fitted with an array of free standing and fitted shelving with trap door to cellar and door to second store room.

Surf Hire Area

3.14m x 3.88m plus 8.43m x 2.69m. Door to front elevation. Counter with electronic till, an array of shelving and racking, door to a small staff kitchen.

Externally the property has a slate capped terrace to the front elevation used for display purposes with a parking area to the side elevation for 2 to 3 cars and small area of land to the rear.

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 D.

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 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
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.

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

Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF