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Gift Shop & Art Gallery In Brighton & Hove For Sale

Brighton & Hove, East Sussex, UK
Asking Price:
£59,950
Turnover:
Available on request
Net Profit:
Available on request

The vendor has created a thoroughly successful business over the past 33 years and has developed substantial goodwill during this time. The vendor works with local and national artists and has exclusivity agreements with a number of them. The gift shop and gallery stocks a wide range of items from ceramics and gift cards to jewellery and homewares. The business occupies and excellent trading position in one of the busiest cash trading thoroughfares in the south of England, which is a destination location for many shoppers and tourists visiting Brighton. It is a very rare event that a retail business becomes available in this excellent location, which benefits from a high footfall throughout the year. The concern is easily accessed to Brighton mainline railway station and the City Centre Car Parking facilities. The premises are in close proximity to many professional offices. They have received outstanding reviews Google and are very well respected in the city for their expertise and comprehensive product offering. The business comes to the market due to the vendor’s wish to retire.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a full repairing and insuring lease at a current rental of £21,000 per annum, with 5 years left on the current lease. The last rent review took place in 2020.

Leasehold Rent:

£21,000 per annum

Location:

. The business occupies and excellent trading position in one of the busiest cash trading thoroughfares in the south of England, which is a destination location for many shoppers and tourists visiting Brighton. It is a very rare event that a retail business becomes available in this excellent location, which benefits from a high footfall throughout the year. The concern is easily accessed to Brighton mainline railway station and the City Centre Car Parking facilities. The premises are in close proximity to many professional offices.

Premises Details:

: The A1 retail space is double fronted and consists of the entire property. The ground floor A1 retail shop is fully fitted and equipped to a high standard and comes to the market in a good condition. There is a wealth of attractive display cabinets and shelving throughout the retail space. The vendor has confirmed that all fixtures and fittings are owned by themselves and nothing is on lease or hire purchase. Towards the rear of the premises is a mezzanine floor which has additional displays and provides access to a small stockroom and the basement and 1st floor. There is a large basement which was previously let and consist of a kitchenette, lounge area and a large bedroom to the front of the property. The bathroom is on the 1st floor and is shared with the staff from the shop. To the rear of the property is a small yard and also provides access to shared lane which runs along the back of all of the properties. The 1st floor consists of a small office and a large room to the front of the building which is currently being used for storage.

Planning Consent:

A1 retail

Business Operation

Reasons for selling:

retirement

Trading hours:

The business normally trades 10:30am to 5:30pm – Monday to Sunday.

Employees:
3 part time
Years established:
33 years

Other Information

Support & training:

yes

Contact Watkins Commercial

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