10 Caen St 676 SF of Assignment Available in Braunton EX33 1AA

Our clients are inviting offers for the Leasehold interest of the property and business with an assignment of the existing renewable lease, although we understand the Landlords would consider granting a new lease subject to reference approval. The current rent for the premises is £8,500 pa, with the lease held on an internal repairing and insuring basis. Having been in the same ownership for the past 17 years, during this time it has been operated as a husband and wife partnership as well as sole operation by one of the partners. The business is operated 6 days per week, 9am-5pm, with main lines including gifts, cards, traditional toys and soft toys, with suppliers including Jellycat, Becky Bettesworth, Orange Tree and House of Marbles. The business qualifies for 100% small business rates relief and is operated with minimal outgoings with the last couple years each producing a net profit of £23,000. More accountancy information available after inspection. Offers are invited in the region of £39,950 Leasehold to include all trade fixtures, fittings and equipment plus SAV. Any current stock to be purchased at valuation upon completion, estimated at £20,000.