Retail premises for sale in Leasehold - Parlett’S Convenience Store, 1 Shore Street, Ullapool IV26

Offers over £90,000
Retail premises for sale
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Property description

• Highly popular and long-established independent convenience store and post office set within the idyllic seaside village of Ullapool.

• Enviable coastal trading location overlooking Loch Broom, within short walking distance of the ferry terminal and on the North Coast 500 Tourist Route.

• Excellent shop frontage and signage with flexible internal layout plus modern fixtures and fittings.

• Trading areas extend to around 75m2 and service / storage areas to circa 49m2.

• Year-round trade generating high turnover and strong adjusted profits presenting an easy to operate self-employment opportunity.

Description
Parlett's Convenience Store is situated in a superb trading location within the idyllic coastal village of Ullapool. Set in a prominent trading location, this spacious property has a net internal area of about 124m2; 75m2 sales area and 49m2 storage and utility areas. The retail element was fully refitted in 2010 and is well laid out to wall mounted displays and free-standing isle units. Large multi deck refrigerated units and freezer display cabinets show produce to best effect. Spacious stock storage facilities and convenient access for deliveries is another attractive feature of this well-presented store.

Trade
This convenience store and post office is an easy-to-operate business proposition with a high turnover and commendable levels of profitability. With spectacular views overlooking Loch Broom and the mountains beyond, Ullapool benefits from a strong year-round visitor trade, with high numbers of tourists in the main season (Easter - October) as well as ferry trade throughout the year. Parlett's is adjacent to the ferry terminal, which attracts a large number of cruise ships over the summer months and hosts twice daily sailings to the Hebridean Islands year-round.

This quality establishment provides a wide range of traditional grocery items, soft drinks, greeting cards, newspapers and magazines, cigarettes and bakery lines. Parlett's has fresh bread and bakery items delivered daily from The Three Little Bakers in Inverness - this is hugely popular in the village. The post office counter contributes to the strong trading figures plus the store also benefits from a self-serve coffee machine, a lottery terminal and an ice cream machine; all very popular with visitors. The business has a solid reputation locally and benefits from a loyal customer base. There is little doubt that this retail operation represents a solid and sustainable income for hands-on operators. The general trading aspects and post office are open:

Monday - Saturday 6.30am to 6pm
Sunday - 7.30am to 12pm

reason for sale
The current vendors have been operating the business since 1977 but wish to reduce their workload and focus on other business ventures. This leasehold opportunity offers the scope for new owners to acquire a desirable self-employment opportunity and build upon the successes of this vibrant business.

Location
The North West Coast of Scotland attracts a large number of visitors and makes a perfect base from which visitors can continue their odyssey of the broader Highland region. Parlett's convenience store is but a short walk from the Caledonian MacBrayne ferry to Stornoway which leaves twice daily (once on Sundays) proving popular for those planning a trip to Lewis, Harris or the other Hebridean Islands. Tourism is a key driver of income for the store, with many visitors undertaking the North Coast 500 Tourist Route as well as walking / climbing holidays, water sports, fishing, games sports etc.

Other visitors partake in more leisurely excursions of the many sites of historical interest or just taking in the array of natural landscapes. Visitors to the town include ornithologists and naturalists who find an abundance of wildlife to keep them busy for an extended stay. The business is easily accessible located just off the A835, with excellent signage and shop frontage. The immediate area is well served with facilities and services for both locals and visitors alike.

The store also benefits from a large number of regular customers from the residential village of Ullapool with a population of about 1500 plus a wider catchment area. Ullapool is very much seen as a hub in the local and broader community, providing daily essential items. Ullapool has a strong sense of community, with schools, golf course and social and welfare facilities. Inverness, the Capital of the Highlands is a 60-minute drive away with a full range of services associated with a modern thriving City.

The property
The property is of traditional construction dating from around 1800. The business is set on the ground floor only, over 124m2 within a spacious 2-strorey building; the accommodation above the trading elements is not included in the sale. The property is fully double glazed and has access through the rear for ease of deliveries.

Trading areas
Parlett's benefits from a prominent and strategic trading location within the fishing port of Ullapool. The business provides ease of access for customers with the entrance at street level. The sales area, which extends to c75m, is presented to a high standard and was fully refitted in 2010. The business has a good range of flexible fixtures and fittings, including a new multi deck fridge, self-serve coffee machine, a national lottery terminal, ice cream machine and post office facilities.

The sales counter and post office are to the rear of the store which allows for maximum utilisation of sales space whilst acting as a focal point for providing excellent customer service. This counter has two modern epos tills. Extensive racking, cabinets and shelving offer flexible display capacity of numerous grocery items throughout the perimeter of the store.

Service areas
The building has spacious storage facilities extending to around 49m2 situated to the rear of the subjects. Through adjoining doors from the sales area there are large stock rooms on both sides which provide overspill for stock items. Off an internal corridor there is an additional storage room, a staff W.C and the staff office, which is currently configured to manage the Post Office and CCTV system.

Owners accommodation
There is no owner's accommodation with this property.

Services
The property benefits from main electricity, water and drainage. The business has an oil-fired hot water and heating system. Within the store there is a dual unit air conditioning system. The shop has a security system and CCTV coverage.

Lease heads of terms
25 year fully repairing and insuring lease, rent set at £15k p/a with rent reviews every five years in line with rpi. Condition survey will be carried out at mutual cost.

Property info

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