Health And Wholefood Business In Launceston For Sale

Business description

A single fronted lock up shop trading as a thriving health and whole food business centrally located right in the heart of Launceston town centre. This attractive business is well established and enjoys an excellent reputation popular with locals and visitors alike.

LOCATION
Launceston is a busy historic market town located on the Cornwall/Devon borders and located alongside the main A30 trunk road and its junction with the A388 linking Plymouth with Tavistock and Bude. It has an expanding population and is growing increasingly popular with tourists.

THE BUSINESS
This bright, clean and well presented business promotes, as the name suggests, healthy living and stocks a wide range of products including nutritional foods, preserves, supplements, etc.

This is a bright and attractive business with ground floor retail sales area and also a basement floor comprising a consultation studio currently used for beauty therapy and there is also a separate office and a wc.

Internally, the accommodation comprises 24.50 sq m (264 sq ft) of ground floor retail area and approximately 38 sq m (408 sq ft) of basement sutdio and office area. This totals approximately 62.50 sq m (673 sq ft).

LEASE
15 year Law Society lease commenced on 30 April 2007 and expires on the 29 April 2022.
3 yearly rent reviews.
Break clause on the anniversary of the 3rd year only (29 April 2011).
No rights to renew lease

RENT
Commencing rent £6,000 pa

RATES
Assessed by the VOA and shown on the 2010 (current) List as a rateable value of £5,200 pa with effect from 31 August 2010. The vendor has confirmed that this figure is correct.

TRADING ACCOUNTS
Extracted profit and loss accounts are available for the year ending 31 March 2009 and 31 March 2010. These show net profits of £13,111 for 2008, £10,973 for 2009 and £10,682 for 2010 and exclude wages, loan interest and depreciation. Copies are available on request.

AGENTS NOTE
In accordance with the 1979 Estate Agents Act we confirm that under the requirements of disclosure an employee of Miller and Son is related to the owner of Healthy Living.

Property information

Property:

Leasehold