Price
Location/Description
The subjects are located within the Brandon Shopping Centre which provides the main retail facilities for the town of Motherwell.
The property itself is situated on Brandon Parade East which forms part of Merry Street within the centre of the town.
Motherwell is located 17 miles from Glasgow, 8 miles from East Kilbride, and 4 miles from Hamilton. The town has a resident population of approximately 31,000 people.
The subjects comprise retail premises arranged over ground level with first floor storage above.
The ground floor sales area is fitted to a good standard with various wall/display shelving. The first floor is accessed via a staircase to the rear of the property which also provides fire escape access. It is arranged to provide two store rooms and a staff WC.
Accommodation
| Sales Area | 41m² | (441sq ft) |
| Stores | 25m² | (269sq ft) |
The Business
Our client has owned the business for three years, operating as a greetings card and gift shop.
Whilst cards are popular, gifts are the main source of income. Various ranges are stocked such as picture frames, ornaments, soft toys and similar. A wide selection of celebration items such as mugs, glasses, badges, etc are also available. Helium balloons/displays are also popular for weddings, christenings, etc.
Opening hours are currently Monday – Saturday, 9 am – 5 pm.
The business was previously family operated, however, due to a change in personal circumstances two staff are employed; one full time and one part time.
Financial documentation will be provided to interested parties after viewing. Sales for the year ended 28 February 2007 were £90,426, net of VAT.
Lease Terms
The subjects are held on the basis of a 25 lease, which expires on 1 February 2016. The passing rent is £15,800 per annum, with the next review due in 2010.
As would be expected under the terms of a traditional lease, the incoming tenant will be required to demonstrate their ability to fulfil their obligations under the lease, in particular financial obligations, and references will be requested at an early stage, without exception.
Business Type
General
Retail