Charming gift shop and post office with trading areas extending to 48m2 in an excellent trading location in Grantown on Spey for lease.
• Popular gift shop and Post Office in a prominent trading location within the thriving and popular town of Grantown-on-Spey.
• Ideal lifestyle self-employment opportunity with an easy-to-operate business model.
• Trading profitably, the business generates income through the sale of gifts and greetings cards plus Post Office commission.
• Attractive premises presented in walk-in condition with no significant capital expenditure required.
• Trading areas extending to 48m2 plus a staff utility area with bathroom facilities.
The Wishing Well is a charming and attractive business, which operates as a gift shop with Post Office counter. The business has been in operation for over 20 years and is located on the High Street of Grantown on Spey, with an attractive frontage and sound branding. Street level access gives entry to an open-plan retail area which is intelligently laid out. The business has a strong reputation locally, with a sustainable trading model. Trading profitably, the business sells a wide arrangement of greetings and other cards, stationery plus an array of gifts including jewellery, ceramics, soft toys, souvenirs etc. The Post Office aspects of the business were introduced in March 2016 and ensures that there is a consistent footfall which encourages complimentary sales. The Post Office commission accounts for about 50% of profitability. The business trades year-round opening 6 days each week (closed Sunday), opening from 9a.m. to 5:30p.m. daily except for Saturday when closing at 5 p.m. This fully equipped business is presented in truly walk-in condition and new owners will have no major capital expenditure to commence trading.
REASON FOR SALE The current owners purchased The Wishing Well in April 2010 and have developed the business. It is their desire to take on new employment challenges within a different sector that brings this charming lifestyle business to the market.
LOCATION Grantown-on-Spey has a variety of facilities for residents and visitors and sits at the confluence of three major tourism “trails” dedicated to golf, castles and distilleries. The town has a strong residential element and healthy tourist trade many of whom visit during the peak season (April – October) but there is also a strong winter trade as the Cairngorm Ski Resort and the Lecht are within a short drive. With its own excellent 18-hole golf course, Grantown-on-Spey is also near to the famous Boat of Garten Golf Course. The area is renowned for its salmon fishing along the River Spey and the town has a long tradition associated with the sport. In addition, the Cairngorm Mountains offer a range of mountain sports from trekking in the summer to skiing in the height of winter. The fact that the area (Badenoch and Strathspey population of c13,500) caters to an affluent population plus a strong tourism industry means that the Wishing Well has a guaranteed footfall. The town centre has a host of shops and facilities. There is primary and secondary education within the town plus there is a wide range of social and welfare facilities.
THE PROPERTY The Wishing Well is set within a well-presented retail unit laid out over the ground floor only with entry at street-level into an open plan sales area. The unit benefits from a double window display area. The retail area is set to around 48m2 with the Post Office counter positioned to the left-hand side on entry and providing a commanding view throughout the premises. The products are well laid out with cards being predominately displayed to the rear aspects. There is an array of wall mounted and free-standing displays. To the rear there is a store room / staff area with bathroom facilities. There is the option to purchase the premises at survey valuation.
LEASE TERMS Capital Premium: £30,000 Rent: £3,420 p.a. rent - £285 per calendar month, incentives available Rent Payments: Monthly in advance Rent Reviews: Every three years in line with RPI Lease Duration: 15 Years – tenant break at 5 and 10 year period Leaser Type: Full Repairing and Insuring; lessee bears the cost of insurance
SERVICES The Wishing Well benefits from mains electricity, water and drainage.
This shop, retail unit for sale is located in Grantown-on-Spey
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