Commercial& are delighted to present to the market the Lease for Sale for 40 Brandon Parade East.
The subject comprises of a ground floor premises with a first floor above with a total area of 844 sq ft (approx.).
The owner has been trading for over 15 years and has built up an excellent reputation and has a very high level of repeat trade.
The property may be used as a retail shop for the sale of greetings cards, confectionary, tobacco products, soft drinks, fancy goods, newspapers and magazines and other ancillary items or such other retail use within Class 1.
-Weekly Turnover: £8,500 to £9,000
-Weekly staffing costs: £400
-Profit Margins on all goods sold: 22%
-Epay mobile top up machine: £300 to £500 per week
-Lotto machine sales: £2,500 to £3,000 per week
-Paypoint and Payzone could be added to boost sales
-New shop refit done 3 years ago for the value of circa £70,000
The subjects are strategically located on Brandon Parade East in the town centre, approximately 10 miles south east of Glasgow and 3 miles north of Hamilton.
Nearby occupiers are represented by a mix of national and local retailers, leisure facilities and office occupiers.
The town is well connected with Motherwell train station providing regular trains to Glasgow and Edinburgh, and via the town centre’s main bus terminus positioned directly outside the property.
The Lease expires on 15th August 2029
£16,750 per annum
Market rent review on 16th August 2024
FIXTURES & FITTINGS AND GOODWILL
Viewings strictly by appointment. For further information or to arrange a viewing please contact our office:
T: 0141 221 2600
Identification will be required from interested persons/ parties at a later stage in line with Money Laundering Regulations. We aim to for property particulars and sales adverts to be fair, accurate and reliable however they are only a general guide and encourage interested parties to clarify any points of importance with us. Sizes are approximate and indented for general guidance only. We recommend interested persons/ parties to check the services, equipment or appliances in the property before making a formal offer. These particulars do not constitute representation of fact or form part of any offer or contract. The information referred to in the these particulars should be verified by prospective buyers or tenants. Commercial& Ltd nor its employees or agent have the authority to give any warranty in relation to this advert.
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.