Thriving Gift Shop On The Coast In Lynmouth For Sale

Lynmouth, Devon, UK

Asking Price:: £50,000

Turnover:: Available on request

Net Profit:: Available on request

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The leasehold lock-up shop offers around 470 sq ft of retail space in two sections with the rear retail area being around 183 sq ft and the front area is circa 287 sq ft.

There is no cloakroom but a public convenience is located within a short walking distance.

The shop will be offered with the counter, shelves and light fittings.

There is no outside space to the rear but the current owners uses the small forecourt for display.

A busy gift shop selling gifts and souvenirs for all the family.

Operated on a seasonal basis from Easter to October, 7 days a week, opening hours from 9.30am to 5.00pm.

Currently run by staff but would ideally suit an owner occupier.

Accounts can be made available to those seriously interested parties who have inspected the premises with the vendor’s permission.

Please note stock is available for an additional sum at valuation.

Property Information

Property:: Leasehold

Lease Terms:

We have been instructed by the owner to sell the business and lease which commenced in January 2019 for a duration of 12 years at a current rent of £12,000 per annum.

This is an assignment of this lease and is available at an ingoing premium of £50,000.

An incoming tenant will need to provide satisfactory trade/professional references, proof of funds as well as ID for Landlord's approval and will be responsible for the payment of the Landlord’s reasonable legal costs.

Leasehold Rent:: £12,000 per annum

Location:

In a bold corner position fronting the Esplanade overlooking the coast, in a prime tourist trading location, arguably one of the best in North Devon.

This fashionable Exmoor resort together with its twin town of Lynton, is often referred to as 'The Little Switzerland of England' as it is surrounded by deep sided woodland river valleys.

Directly opposite is the harbour, close access to the beaches with a range of interesting shops, pubs and catering outlets close by.