Business for Sale in Hunstanton, Norfolk - PARADE OF SHOPS & CAR PARK - Freehold: £875,000

Key Information

Ref
M33130E
Type
Commercial Property: Retail Space
Location
England: Norfolk
Tenure
Freehold
Status
Sold
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Hunstanton is rightly regarded as the jewel in Norfolks crown for holiday makers and year round day trippers. Long established this chain of retail units cannot be bettered for location, being literally right next to the beach. Two of the units are run by the vendors and two are rented out, one on a long lease the other shorter.

The premises benefit from a car park on the roof producing income which we are advised could have a structure built on it to further boost the retail area available.

THE BUSINESS ITSELF

The ice cream shop is some 78.7 sq mtrs and is sold with all fixtures and fittings, most of which are fairly new and all are well maintained and ready for the 2017 season.

The gift shop measures some 81.3 sq mtrs and also includes all fixtures and fittings. This too is well presented and in good order.

Johnsons store measures some 116.4 sq mtrs and Tubbies Takeaway kiosk some 17.7 sq mtrs.

All units were fully refurbished in 2013 and are now presented in fine fettle.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY

As mentioned the current owners run two units themselves, one selling ice creams, hot and cold drinks etc and the other confectionery and gifts. Two units are rented out, one to a long established (over fifty years) retailer and the other to a fast foods retailer who has been a tenant for nineteen years. The car park is manned and has some 23 bays.

The turnover of the two owner run units is in excess of £300,000 with the high G.P. you would expect from this type of business.

The rental income from the two rental units is c £25,500 p.a. Johnsons is let under the landlord and tenants act and has seven years remaining on the lease, while Tubbies is not under the act but will have a new lease which is currently being negotiated.

All units have recently been fitted with flood gates to ensure safety at all times and all have full length shutters to further protect the premises.

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