SITUATION
The shop premises is situated just off Duke Street which is the primary trading location in the town centre of Tavistock. The Pannier Market area is the town’s historic 19th century retailing area constructed by the Dukes of Bedford and is very close to all the towns main national and high quality independent retailers.
Tavistock is a thriving market town situated on the edge of Dartmoor National Park. It has good shopping facilities and a full range of state and independent schools. Recreational facilities include golf courses, football, cricket, tennis and rugby clubs and all indoor sports. Scenic walks abound. Tavistock is approximately 15 miles from Plymouth where there is a civil airport offering regular internal and continental flights, a cross-Channel ferry service to Roscoff, Brittany, and a British rail Inter City service to London, Bristol and the North.
THE BUSINESS
The business was established some 7 years ago as a high quality ladies fashion retailers. The business has exclusive rights to market many contemporary mid range fashion labels. The owners have built an established and loyal client base and this shop now is one of the most popular high quality independent retail fashion outlets in the town.
The premises used to comprise a storage area, but was converted for the proprietors into a bespoke retail outlet with an excellent shop frontage overlooking the pannier market precinct.
The business is run by the current proprietors, who have made the decision to retire from the business in order to pursue other non retail related activities. There will be scope for any purchaser to further enhance and develop the business by promoting the internet aspect of the business, which is currently undeveloped. Jelly would ideally suit either someone interested in running and developing their own business or a person interested in high quality ladies fashions.
Viewing is highly recommended of this commercial proposition. The pricing of the business reflects the existing figures, but does not take in to account the potential for developing the business still further into other markets.
ACCOMMODATION:
Retail sales
This light and airy sales area has been designed to create a very contemporary feel. The area has laminate flooring and suspended spotlights with various storage cupboards, hanging fitments, rails etc. Towards the back of the sales area is a shop counter made of glass blocks with a wooden top.
13.94 m (frontage)X 5.04m = 70.26 sq.m (756 sq.ft)
WC:
Situated within the shop area is a small WC.
Two stairs at the far end of the shop unit lead to a changing area 2.96 m X 2.02 m (64 sq.ft.) fitted out as two changing rooms with mirrors and curtains.
The door in the rear of the changing area leads to a store room: 2.24 X 2.77m, 8.73 m total (94 sq.ft). This area provides excellent dry storage for stock which is hung on rails.
FINANCIAL INFORMATION
The current turnover is significant and improving. Fully audited accounts are available to seriously interested prospective purchasers.
LEASE
The premises are being offered with the benefit of secure local authority lease for a 9 year term from the 29th September 2003. The current rent payable is £20,000 per annum, together with an additional £1,200 per annum in respect of the ancillary store, which is subject to a separate arrangement with the landlords.
SERVICES
Mains water, electricity and drainage are connected to the property.
BUSINESS RATES
Rateable Value £16,750.00
Rates Payable £6817.25 (2010/11)
By verbal enquiry with West Devon Borough Council.
VIEWING
Strictly by appointment with the sole agents;
Neil Woolcock BSc (Hons) MRICS IRRV
Messrs Ward & Chowen
Bedford Court
14 Plymouth Road
Tavistock
Devon PL19 8AY
Tel: 01822 612458 DD: 01822 619817
Fax: 01822 615635
Email: neil.woolcock@wardchowen.co.uk
NOTE: The mention of any appliances and/or services within these sales particulars does not imply that they are in full and efficient working order.
PROFESSIONAL SERVICES
Ward & Chowen (Chartered Surveyors) are able to offer landlords and tenants advice with regard to lease renewals, rent reviews and other matters related to the acquisition and occupation of commercial property. We are also qualified to undertake Rating Appeals on your behalf. Please contact Neil Woolcock BSc (Hons) MRICS IRRV Chartered Valuation Surveyor for further information.
These plans are set out as a guideline only and should not be relied upon as a representation of fact. They are intended
for information purposes only and are not to scale.