1 bedroom detached house for sale

Long established freehold ladies and gentlemans retail shop in the very heart of east looe, close to the harbour and beach. Reputedley the shop has had just two owners since 1904 and is presently run under management. Planning permission has been recently been granted to turn the 2ND floor into A 1 bedroom apartment with its own access.

Accommodation comprises: (all measurements are approximate)

ground floor:

Sales area: 8.48m (27’8”) x 7.46m (24’5”) max. Irregular dimensions. At present catering for gentleman’s clothing with a full range of wall racking, display units, shelving, hanging rails and central displays, service counter with cash till and stairs to:

First floor:

Staff W.C.

Sales area: 8.48m (27’8”) x 7.46m (24’5”) max. Well presented and at present catering for ladies clothing with a full range of wall racking, display units, hanging rails, fluorescent lighting, two changing rooms, stairs to:

Second floor: 8.48m (27’8”) x 7.46m (24’5”) max. Currently used for storage, full range of racking, wall shelving, storage units.

The business: The business has been established for many years and been in our client’s ownership for the past twenty years and currently run by our client on a part-time overseeing role with two part-time staff on a day-to-day basis. The reason for selling is due to other business commitments and a wish to semi-retire. Current opening hours are Monday to Saturday 9.30am to 5pm and Sunday 11am to 5pm throughout the summer months and 9.30am to 4pm with no Sunday opening during the winter.
We have been advised that with the business being run primarily by staff the turnover has still achieved approximately £100, 000 per annum with an overall gross profit margin in the region of 37%. It is important to point out that if the business were to be run by the proprietors then a significant saving could be made on the wages bill. Full trading figures will be made available to serious prospective buyers once they have inspected the premises.

Business rates: For information on the rates applicable for these premises, please visit the Valuation Office website ().

Directions: From the office turn left and proceed along Fore Street. Terry’s can be found at the junction opposite the hsbc Bank.