Property description

Well established centrally located Fruit and Vegetable Specialist Retail Shop.

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. There are good secondary schools nearby along with the renowned Colyton Grammar School, which is just 3 miles inland. 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:
From our office in Seaton walk up the pedestrianised Fore Street and Natures Harvest is on the right hand side after approximately 50 metres.

The Business:
This most successful business has been trading under the same ownership for over 25 years. It is the only specialist fruit and vegetable shop in the town with a loyal all year round customer base with a significant uplift from the many tourists in the season. There area many self catering holiday homes in Seaton with few hotels so many use the local shops for their needs.The shop stocks an extensive range of fruit and vegetables together with a specialist range of health foods.The shop trades very profitably with an average gross profit approaching 40%. The sales and profit information is available on reque3st and full accounts for genuine enquiries.

The Premises:
A prominent shop front with display window and glazed door access to one side. The retail area measures approximately 24.8 sq metres (267 sq ft) and the overall size with storage and WC facilities is 37.40 sq metres (403 sq ft). The retail shop is fitted with specialist mirror backed units for fruit and vegetables. Counter with two modern (6 months old) electronic cash register/weighing machines. The is undergoing extensive modernisation with new flooring, ceiling tiles and lighting system.

Tenure:
Leasehold. The current owner owns the freehold of the whole building and is providing a new lease for the shop premises. The length of the lease is for 12 years but may be subject to negotiation.

Rent:
£5750.00 per annum with 3 year reviews.

Note:
The freehold of the whole building may be available to an interested party.

Price/Ingoing:
£47,500 for the benefit of the lease, considerable goodwill and fixtures and fittings.

Rates:
Current Rateable Value: £4,950 (subject to small business rate relief) Local Authority is East Devon District Council

Property Features :

• Well Established Business
• Specialist Fuit & Vegetable Shop
• Prominent Town Centre Position
• Extensive Internal Modernisation
• Fully Fitted Retail Area