106 Abbey Street, BANGOR , BT20 4JB
£150,000
Description & Features
We are delighted to offer this excellent opportunity to purchase a well established local business, goodwill, fixtures and fittings. A thriving family run electrical store for the last 26 years, located on Abbey Street, Bangor. The property and business benefits from being in a prominent retail location with high levels of vehicular and pedestrian traffic. There is free on street parking outside the door and a pay and display car park across the road.
Suppling a large variety of electrical goods, domestic appliances, televisions, sound systems, home cinema etc. Online - Fully operational e-commerce website providing high visibility 24/7 retail opportunities www.rjelectrics.net Active Facebook presence with multiple 5 star reviews on both Facebook and Google.
- Well Established Local Electrical Store With Active E-commerce Website
- High Profile 3 Storey Retail Unit With High Levels Of Passing Traffic And Footfall
- Extensive And Modern Premises
- Free On Street Parking And Nearby Car Park
- Business Being Offered For Sale As A Going Concern Due To Retirement Of Current Owners
- Ground Floor Shop And First Floor Is Fitted With Tiled Floors And Recessed Lighting
- Gas Heating
- Monitored Security Alarm System And Fire Alarm System
- CCTV System Which Allows Off Site Monitoring
- Circa Approx 2170 Sq Ft
- Extensive Shop Fitting Suitable For A Variety Of Different Appliances
- Premises Are Available To Buy Or Rent
Room Measurements
- Modern aluminium double sidescreen shop front with central door access, electric roller shutter and branded awning all of which has been recently installed.
- SHOWROOM 18.29m x 4.34m (60' 0" x 14' 3")
- Refitted approximately 3 years ago, Staircase at front to first floor showroom.
- DISABLED TOILET
- REAR HALLWAY:
- With additional staircase to first floor
- SPACIOUS LANDING 5.49m x 3.63m (18' 0" x 11' 11")
- SHOWROOM 4.6m x 3.33m (15' 1" x 10' 11")
- STORE 1 3.35m x 1.83m (11' 0" x 6' 0")
- STORE 2 5.33m x 3.35m (17' 6" x 11' 0")
- STORE 3 4.27m x 3.38m (14' 0" x 11' 1")
- Overall
- OFFICE/STORE 6.4m x 4.04m (21' 0" x 13' 3")
- LEASE
- A 5 or 10 year lease is available
- RENT
- £17,500 per annum payable quarterly in advance plus rates
- RATES
- NAV £10,900 Approx. £5622.42 per annum before the current 20% local business support reduction.
- STOCK
- At Valuation
- ACCOUNTS
- Accountant's statement and further information available upon request for genuinely interested parties through the client's accountant, subject to proof of funds being provided.
- STAFF
- Family run. There is the possibility of the current owners remaining in the business for a period to allow for training and handover. Terms to be agreed.
- ADDITIONAL INFORMATION
- Separate offsite warehouse unit available to rent for stock storage. Fully fitted with racking, monitored security alarm system, electric shutter, toilet Luton van with company logo available to purchase Recently purchased forklift truck also available to purchase,
- VIEWING
- Strictly by appointment
- CONTACT:
- All enquiries should be directed to Tom Drumgoole during normal working hours. Mobile: 07802801616 Email: tom@neillestateagents.co.uk
Ground Floor
First Floor
Second Floor
Housing Tenure
Type of Tenure
Not Provided
Location of 106 Abbey Street
Abbey Street, Bangor
Costs to Consider
Rates
Not Provided
Stamp Duty
£0*
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