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Retail premises for sale

£54,950

31 Pelham Street, Nottingham NG1

Interested in this property? Call +44 1204 351867 * or

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Property description

Business
Hilton Smythe welcomes to the market James. This long established bridal wear and millinery concern has been operating since 1860 with our client successfully running the business for over fifty years, only now does the business come to the market as our client looks towards a well-deserved retirement.

The business has an excellent reputation for the professional service and exceptional quality of merchandise, resulting in a healthy turnover of circa £109,031 per annum with a gross profit of around 50%.

The store is beautifully presented and offers a wide range of designer gowns such as Alan Hannah, Claire Pettibone and Ian Stuart to name a few, with complementary accessories including shoes, handbags, tiaras and veils. James is also a renowned millinery with a wide selection of bespoke hats and fascinators available for all occasions. On the second floor is a workshop where alterations are made in-house, a huge benefit to the business.

The business has a user friendly website giving more information and gallery of stock, which changes from season to season.

This is a lovely business, ready for a new owner to walk in and start trading immediately and continue this highly reputable concern.

Location
The business is located in the vibrant city of Nottingham.

Situated in a prime trading position within a pedestrianised area of the city, surrounded by a plethora of retail outlets and amenities ensuring high footfall throughout the day. The business also benefits from being in close proximity to a public multi-storey car park.

Nottingham is served by the East Midlands Airport and the M1 motorway passes to the west of the city. As you would expect from a city the area is well served by public transport with a mainline railway station and excellent bus network.
Premises
Double fronted mid parade premise briefly comprising:-

Ground

Split level main shop area with:

Well-presented double frontage window display areas, display cabinet with hat stands and drawers and hanging rail.

Steps up to additional sales area with seating, bridal gown hanging rails, display cabinets, 2 x curtained changing cubicles.

Rear storage area. Stock room with shelving and cabinets.

Stairs to first floor

First floor

Bridal consultation room with:

3 x curtained changing cubicles, seating, bridal and bridesmaid gowns hanging/display rails, dresser display cabinets, shoe display racks.

Stock room

Office

Kitchen

Toilet facilities

Fire exit onto flat roof area

Second floor

Workshop and storage area with:

Cutting table, sewing tables with 2 x over-lockers and 1 x lockstitch machines, hat storage units, cupboard storage and hanging rails and iron.

Third floor

Attic room with stairs access. (used as stock room).

Cellar area for further storage.
Tenure
We are advised leasehold.

Original lease length is 6 years

Reviewed every 3 years

Rent is £16,500 per annum.
Hours
The business opens:-

Tuesday – Friday 10.00am – 4.30pm

Saturday 10.00am – 5.00pm

Sunday and Monday closed.

There is the potential to extend opening hours if required.
Staff
The business is owner run and managed with the assistance of 3 part time members of staff.
Financial profile
The business reports a healthy turnover of circa £109,031 per annum with a gross profit of around 50%.

What Zoopla users think of Nottingham

Overall rating:

  • currently 4 stars
Very good - 77% (363 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Nottingham (0.5 miles)
  • Netherfield (2.8 miles)
  • Carlton (2.9 miles)
  • East Midlands Airport (11.4 miles)
  • Robin Hood Airport (36.5 miles)
  • Coventry Airport (42.8 miles)
  • Hull Ferry Terminal (65.4 miles)
  • West Lynn Ferry Landing (65.5 miles)
  • King's Lynn Ferry Landing (65.7 miles)

Nearby schools

View all schools in Nottingham
  • Huntingdon Academy (0.5 miles)
  • St Joseph's School (0.5 miles)
  • William Booth Primary and Nursery School (0.6 miles)
  • New College Nottingham (0.1 miles)
  • Rise Learning Zone (0.3 miles)
  • Nisai Learning Hub (Nottingham) (0.3 miles)
  • Stone Soup Academy (0.2 miles)
  • Sutherland House School (0.3 miles)
  • Nottingham Girls' High School GDST (0.8 miles)
Note: Distances are straight line measurements

Local info for Nottingham

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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