Retail premises for sale in New Street, Leominster HR6

Fixed price £250,000 (£250,000/sq. ft)
Retail premises for sale 1 sq. ft*
Interested in this property? Call +44 1204 911870 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Unique antiques centre - herefordshire


Current waiting list for dealers who want to rent a space
Situated in the desirable town of Leominster
High amount of regular and repeat trade
Scope to further develop the business
Advised annual turnover of £650,000
Ideal for a first time buyer
Genuine reason for sale
Walk in condition
Easy to run

Leasehold


Business History
Meridian Business Sales are delighted to offer to the market this superb antiques centre which was established by our clients in 2004. Our clients are reluctantly offering the business to the market due to their desires to concentrate on other business interests.

Since the business was established our clients have continually developed and improved the business introducing new lines and income streams which have enhanced the business massively and in particular shows in the year on year increase in turnover and profitability.

Our clients inform us that they currently generate a respectable annual turnover which is derived from renting out spaces within the centre and selling goods on behalf of their dealers. There are currently dealers on site selling antiques and collectables including books, jewellery, furniture and much more. Our clients advise us that there is a current waiting list for dealers who wish to rent out a space within the centre.

Our clients have invested time and money into the business and premises to the point where it is in full walk in condition.

The business has been run at a pace to suit our clients lifestyle meaning that there is scope for a future purchaser to further develop the business by introducing an online store or by advertising the business more.

Due to the brilliant location of the business it enjoys a large daily passing trade and high footfall and customers are further attracted by the unique product range.

Our clients have built up a strong reputation within the local community and beyond and as such have a high level of regular and repeat trade.

This is a fantastic opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Tenure
We are advised Leasehold
Original lease: 25 years
Remaining until 2032
Rent: £36,000pa

Opening Hours
Hours to suit

Accommodation
Well maintained property briefly comprising:


Ground floor


Various rooms

Display areas

Various display units/ shelving/ cabinets

Kitchen area

W.C


First floor


Various rooms

Display areas

Various display units/ shelving/ cabinets

W.C


External


4 x private parking spaces

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Meridian Business Sales Ltd, BL1 on +44 1204 911870 * (local rate)

Contact Meridian Business Sales Ltd about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Meridian Business Sales Ltd, and do not constitute property particulars. Please contact Meridian Business Sales Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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