£75,000
(£75,000.00/sq. ft)
Retail premises for saleHigh Street, Presteigne LD8
1 sq. ft
Just added
Business
About this property
Presteigne is a market town and community on the banks of the River Lugg in Powys, Wales. The town is located on the England/Wales border which encircles it to the northeast and south. Presteigne was formerly the county town of the historic county of Radnorshire. Despite being in Wales, it is a part of the Diocese of Hereford.
The countryside surrounding Presteigne is breathtaking and the drive from Presteigne to Aberystwyth has been voted one of the ten most scenic drives in the World by the aa.
Offa’s Dyke Path runs adjacent to Presteigne and the town benefits from many walkers.
This bustling and vibrant market town is located some 4 miles north of Kington and some 5 miles southeast of Knighton. According to the 2021 census, the town has a population of 2,710.
This Grade II listed premises is a three storey, terraced property. There is a spacious four bedroom apartment on the first and second floors. The building appears to be constructed in the main of brick and stone with part rendered and colourwashed elevations under a pitched slate roof.
The Salty Dog opened in 2011 and has since operated as a successful greengrocer’s, offering a range of exotic fruits and vegetables as well as fresh fish.
Previously, the first floor was used as a pop-up Tapas Bar which we understand was both popular and successful. This has closed due to our client’s other business commitments.
Accounts for the year ended 2025 show a net turnover of £244,000, with an adjusted net profit of over £35,000. It must be noted that in the year 2024, turnover was £277,000 net of VAT with an adjusted net profit of £51,000. Our client advises that the recent reduction in profit is a consequence of his hiring additional staff for personal reasons.
The business’s operating hours are:
Sunday – Closed
Monday to Friday – 9am to 4.30pm
Saturday – 9am to 2.30pm
Our client is a sole proprietor, and prospective purchasers will see there is potential to increase the net profit by operating the business as a joint venture/couple. There is also potential to use the rear utility room as a commercial catering kitchen, enabling a food/drinks service to be introduced as an additional revenue stream.
Leasehold £75,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The premises are held on a part repairing and insuring agreement from a private individual for a term of ten years, commencing December 2023.
The lease falls within the security provisions of the Landlord & Tenant Act 1954, Sections 24 to 28, and is fully assignable. Rent is £9,000 per annum paid monthly in advance. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
The countryside surrounding Presteigne is breathtaking and the drive from Presteigne to Aberystwyth has been voted one of the ten most scenic drives in the World by the aa.
Offa’s Dyke Path runs adjacent to Presteigne and the town benefits from many walkers.
This bustling and vibrant market town is located some 4 miles north of Kington and some 5 miles southeast of Knighton. According to the 2021 census, the town has a population of 2,710.
This Grade II listed premises is a three storey, terraced property. There is a spacious four bedroom apartment on the first and second floors. The building appears to be constructed in the main of brick and stone with part rendered and colourwashed elevations under a pitched slate roof.
The Salty Dog opened in 2011 and has since operated as a successful greengrocer’s, offering a range of exotic fruits and vegetables as well as fresh fish.
Previously, the first floor was used as a pop-up Tapas Bar which we understand was both popular and successful. This has closed due to our client’s other business commitments.
Accounts for the year ended 2025 show a net turnover of £244,000, with an adjusted net profit of over £35,000. It must be noted that in the year 2024, turnover was £277,000 net of VAT with an adjusted net profit of £51,000. Our client advises that the recent reduction in profit is a consequence of his hiring additional staff for personal reasons.
The business’s operating hours are:
Sunday – Closed
Monday to Friday – 9am to 4.30pm
Saturday – 9am to 2.30pm
Our client is a sole proprietor, and prospective purchasers will see there is potential to increase the net profit by operating the business as a joint venture/couple. There is also potential to use the rear utility room as a commercial catering kitchen, enabling a food/drinks service to be introduced as an additional revenue stream.
Leasehold £75,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The premises are held on a part repairing and insuring agreement from a private individual for a term of ten years, commencing December 2023.
The lease falls within the security provisions of the Landlord & Tenant Act 1954, Sections 24 to 28, and is fully assignable. Rent is £9,000 per annum paid monthly in advance. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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