Property description

A unique opportunity to acquire a lock up retail shop on a 999 year lease, in Seaton close to the seafront and esplanade of this busy seaside town in East Devon

Location:
Seaton is located between the ancient harbour of Axmouth and the white cliffs of Beer. Its mile long beach, which is part of the Jurassic Coast, opens onto the waters of Lyme Bay. The town itself has many small shops, a local hospital, doctors surgeries, primary school, banks and building societies. Seaton is a popular resort for holiday makers, and boasts a wealth of activities including golf, tennis, bowls and sailing. The County town of Exeter, with its regional airport, is some twenty miles to the west, and the mainline rail link to London (Waterloo) is at Axminster, approximately seven miles distant.

Directions:
On Foot: From our offices in Seaton walk towards the Seafront and turn left into Harbour Road, continue along and The Wishing Well will be found on your right hand side.By Car: entering Seaton from Axmouth Harbour. Continue along Harbour Road, at the mini-roundabout continue straight across and continue along where the Wishing Well will be found on your left hand side.

The Business:
The Wishing Well is situated in harbour road running parallel to the seafront/esplanade. It is ideally located and is close to the beach/town centre and parking. Currently trading as a successful Gift/Souvenir and confectionery shop taking advantage of the high volume of tourists visiting and staying in Seaton as well as local trade. There are flexible trading hours although the mainly seasonal nature of the business allows considerable vacation time in the winter months. It is well established with many well tried successful gift lines giving good sales with low overheads. There is scope to widen the range of goods and opening hours if required. The premises offers many other trading opportunities as it has traded as offices/retail and has the possibility of a coffee shop with gifts (subject to planning), Art Gallery Etc.. Fully fitted with window display and island display units.

The Premises:
A Large lock-up shop of 78 sq metres (840 sq ft) situated on it's own site. There are windows on three sides offering a large amount of display area, approx 50ft of frontage to the main Harbour Road.Fully fitted with window display and Island display units.

Small Kitchenette:
Small Kitchenette - door to WC.

Second W.C.
Currently used as a Storeroom.

Outside:
Parking spaces in tandem alongside the shop are available.

Current Trading Hours:
SUMMER - 9 am - 8 pm (variable)WINTER - 10 am - 5.30 pm (3 days)

Tenure:
999 year Lease of which 45 years have been used. 954 years remaining. (Expires 29th September 2964).

Rates:
Rateable Value £8,900 effective 1st April 2010 (Small business rate relief may be applicable)

Ground Rent:
Ground Rent £60 per annum. Service Charge £60 per annumAnnual Maintenance charge £250 per annumPlus contribution to Buildings Insurance.



Viewings:
Strictly by appointment through Fortnam Smith & Banwell - Seaton (Ltd) 01297 23939

Property Features :

• Successful Established Business
• Ideal Location Close to Town & Seafront
• Expansive Window Display Area
• Potential for Multi Purpose usage (Subject to planning)