Ashton Stores, Gourock

OVERVIEW

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This well-established convenience store leasehold is available to purchase, set within the heart of Gourock with a captive audience and offering superb visibility from the A78 main road with high summer footfall from tourists and ferry passengers travelling to Argyll and Bute. 

Ashton Stores is located on Albert Road in Gourock, adjacent to The Spinnaker Hotel and the site of the former Firth Hotel, where a new residential development is underway. The licenced premises boasts a prominent spot on the main promenade. 

The subjects comprise a single-storey retail unit with traditional construction. With established delivery runs for newspapers, a premises licence, a National Lottery machine, and a cigarette licence, the subjects offer good potential for further growth into complementary areas and extended opening hours.

Located close to Gourock Yacht Club, Ashton Stores is surrounded by residential dwellings and is the only convenience store within 0.6 miles. On-street parking is also available for customers.

This, therefore, creates a fantastic opportunity for a business to position itself with high visibility and footfall and take the business forward, with extended operating hours and increased investment.

The Leasehold asking price is £25,000 which includes all fixtures and fittings, as well as current stock, with the option to create a new 10-20 year lease with the owner, with the annual rental being £7,200. 

INTERNAL DETAILS

The shop front is of traditional construction, with windows across the front of the unit allowing natural light in, with one entrance door.

There is a Nescafe Coffee Machine internally, alongside several fridges and chillers, as well as a National Lottery point which is long-established.

The property is set across three levels, with each level offering different displays to sell items and runs the full length of the store with a counter and till area attached at the entrance. A staff toilet is on the first level, with a small office to the rear on the second level. 

Our client has advised that all equipment within the shop is owned outright and will be part of the sale.

CURRENT LEASE

The current lease is due to come to an end when the current tenant vacates. The landlord is open to negotiation of a new long-term lease for the new proprietor, with a sensible rental figure of £7,200 per annum.

The current operator is surrendering the lease due to other family priorities after 8 years of running the successful business.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi. 

LOCATION

Gourock is located approximately 28 miles west of Glasgow on Scotland's West Coast, with a residential population in excess of 10,651 persons and a core catchment population of approximately 270,000 persons, all within the authority of Inverclyde Council.

With a rich maritime heritage, Inverclyde is looking again to the River Clyde to support its future growth, with Greenock Ocean Terminal developing a new pontoon and visitor centre to support its 140,000 cruise liner passengers per annum, with Inverclyde seeing over 500,000 visitors per annum.

Gourock is the headquarters of Caledonian MacBrayne as well as the ferry port for Dunoon. Other activities have included warehousing (Amazon) with the main Inverclyde Royal Hospital less than two miles away in the neighbouring town of Greenock.

TRADING HOURS

The business currently opens each day from 07:00 - 18:00. The business currently has 4 paper delivery services being carried out across the west of Gourock.

MEASUREMENTS 

The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows: 

Total - 83.6 sq m / 900 sq ft

TERMS

Rates - From the Assessor’s website, the property had a Rateable Value of £5,000. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status. 

EPC - A copy of the Energy Performance Certificate is available upon request.

Entry - The current tenant is flexible with requests.

Price - The cost to acquire the leasehold is £25,000 with SAV also included. Purchasers are able to negotiate a new lease in the region of 10-20 years, with a further rental of £7,200 per annum (excluding VAT which is not applicable).

Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.

For further information concerning the quoting rents and likely incentives, please contact Bowman Rebecchi.