High Street Retail Property for sale - Mill Road, Cambridge CB1 3LP

£69,999

For Sale

Property information

Status:
Available
Type:
Sale
Tenure:
Leasehold
Address:
Cambridge, CB1 3LP
Categories:
High Street Retail Property
Features:
Cambridge Hardware and Discount retailer, Desirable trading position on busy shopping street, Excellent local reputation for first class service, Fantastic change of lifestyle opportunity, Genuine retirement sale, Good mix of complementary businesses nearby, Healthy turnover and profits with scope to improve, Located in sought after University City, Suitable for Polish Turkish or Indian supermarket , Valuable inventory of quality fixtures & fittings, Well-presented throughout
Listed on:
06-11-2019

Commercial

S.O.A.


Description

Hardware and Discount Retailer which occupies a highly visible prime trading position on one of the main shopping streets that runs through the sought after trading city, Cambridge. Kailash Stores has been serving the local area since the 2009 and is now reluctantly being placed on the market as the owner wishes to retire.


During our client's stewardship the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.


 This thriving opportunity is operated as a multifaceted business offering a comprehensive range of homeware, DIY, stationery, pet, gardening, kitchenware, personal and travel products many of which are at discounted prices.


Kailash Stores enjoys an all year-round trade with sales in the region of £140,000 with excellent gross profit margins. There is tremendous potential to increase the turnover and profits by possibly running a modest marketing campaign, extending the opening hours to include Sundays or by offering online sales as the business is currently without a major online presence.


The Premises


Substantial leasehold building, benefiting from being in a highly visible position on one of the main shopping streets in the world-famous City of Cambridge.


The premises are fitted and well presented to create highly functional internal business accommodation.


The premises briefly comprise:


 Ground Floor



  • Double Fronted RETAIL AREA, containing a full range of modern, high quality fixed and freestanding purpose-built display racking, shelving and carousel units

  • The rear the premises provide further ancillary business accommodation which consists of a general storeroom.

  • Kitchen

  • Toilet


 First Floor



  • 2 Large rooms currently used for storage


External



  • Bin store


 Business Details


 Opening Hours



  • 9.30am - 6.00pm Monday to Saturday

  • Closed Sundays and Bank Holidays


 Turnover


£140,000


Accounts


Accounts will be provided to genuine purchasers after a formal viewing


 Business Rates


Business rates payable: £8,500


Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk


Stock


The business stock value is:  approximately £25,000


Staff


The business is run by the proprietor and his wife.


EPC


Commercial Energy Performance rating: TBC


 Tenure



  • Leasehold.

  • The business is offered for sale on a leasehold basis. The lease was originally for 20 years and has 6 years remaining.


Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website:  www.leasingbusinesspremises.co.uk


 Legal Costs


Each party to bear their own legal costs incurred in the transaction.


 Viewing


Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081



 Location


Mill Road is a street in southeast Cambridge, England. It runs southeast from near to Parker’s Piece, at the junction with Gonville Place, East Road, and Parkside. It crosses the main railway line and links to the city’s ring road (the A1134).


Mill Road is approximately 1 mile long and contains an array of Shops, Cafes and international Restaurants. It is regraded as one of Cambridge's most vibrant destinations




Disclaimer

Property reference: f1aeef5975b82012cfd4c6f51bf3e66f

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Falcon Commercial. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

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Falcon Commercial
Honiton,
EX14 1JP,
GB

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Property reference: f1aeef5975b82012cfd4c6f51bf3e66f

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