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Long established Newsagents and Bookshop
Popular seaside town
Operated by the same family since 1948, retirement sale
Ground floor retail unit, Freehold option available
Reference - 40750
Description Henry Hogg is perfectly positioned in the High Street of Montrose. Montrose is a coastal resort town and is situated 30 miles north of Dundee, almost at the half way point between Dundee and Aberdeen. It lies between the mouths of the North and South Esk Rivers. A popular tourist resort, Montrose has an award winning Beach, Trail pavilion, golf courses and museums. Montrose is served by Montrose Railway Station offering links to Aberdeen and the north as well as to Glasgow and Edinburgh.
The town is approximately 20 minutes from the A90 main road linking Aberdeen with Dundee and onwards onto the M90 motorway towards Dunfermline.
Henry Hogg has been run by the current owner for 49 years, although the business has been operated by the same family since 1948. The current owner wishes to sell the business and plans to retire.
Henry Hogg is a profitable business, as well as having an enviable location; the business also has a good base of loyal clientèle and enjoys much repeat custom as well as passing trade from the busy High Street.
Building internal This mid terraced retail unit occupies the ground floor of a tenement building. The shop is fitted with many shelving display units and 2 large window display areas. The property benefits from plenty of floor space and a customer service counter. The property has 2 levels, the main shop floor on entrance to the property and a second level situated downstairs beyond the service counter.
Building External The front of the property leads onto the High street which passes directly through the town. Parking is available on street and there are nearby car parking facilities in the town.
Accounts The business operates with a generous gp. Full trading information will be made available to seriously interested parties after a formal viewing has taken place.
Tenure The vendor owns the property and will grant a new Fri lease (subject to contract) for a period of negotiable years at an initial rent of £24,000 exclusive of rates. Rent reviews are at negotiable yearly intervals.
Call to action All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
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