Property description

Property Description
This established electrical appliance and aerial installation business has been successfully trading since 1993 and has come to the market owing to retirement. The business is a registered dealership for both the Panasonic and Roberts brands. The business could be taken onto another level by introducing electrical and white goods repairs as this is currently outsourced. The shop sells all types of household electricals and also installs aerial, satellites etc.

Property Location
The premises can be found in the busy Victorian shopping arcade, located off the main high street in the town. Within the arcade there is a mixture of independent traders with a high level of footfall. The market town of Okehampton nestles on the Northern fringes of the Dartmoor National park and is known as the Gateway to the Moor. The town has a population of 9,000 which is continually growing and is located in the heart of Devon. For those that are seeking to acquire an established family business with scope to improve further then an appointment to view is highly recommended.

Shop
18' 8" (5.7m) x 20' 0" (6.1m):
With full width shop frontage, racking and display shelves (all included). Till and counter.

Storage and office
To the rear there is a storage area and office space.

Cloakroom
With low level WC and wash basin with wall mounted heater.

Energy Performance
Energy rating C. Please contact the office for the full energy assessment.

Rateable Value
For all information with regards to the rateable value please contact West Devon Borough Council on 01822 813600.

Property Sale
The property sale is to include all racking and display materials. Any stock will be sold at value at the time of the sale. The asking price is OIRO £30,000 plus SAV.

Services
We believe that there are mains services to the property.

Lease and legal costs
The current lease is on a 15 year term that commenced in December 2008 for a period of 15 years at a rental value of £7200 per annum. There is also an additional monthly charge of £23 to the arcade trust towards the maintenance of the arcade and for water. Each party will bear their own legal costs for the transaction.

Property Features :

• Established local business
• Electrical and aerial installation
• Roberts dealership
• Panasonic dealership
• Loyal client base