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Retail premises for sale

£49,995

1-3 Rumbolds Hill, Midhurst GU29

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Property description

Business
Hilton Smythe welcomes to the market The Notebook. This stationery store was originally established by our client in 2013. The owner is now looking to sell the store, due to family commitments.

The business runs as a stationery store in the town centre of Midhurst. The shop is popular in this location and benefits from a generous amount of repeat loyal custom and heavy footfall. The store offers a great selection of stock, this includes stationery, arts and craft products, greetings cards, gift options, toys, board games, scarves and much more.

The business generated a turnover in the region of £96,000 as of the 2016 accounts, with a gross profit of 44%. This is a healthy turnover with scope to be increased. The business boasts a large property with the potential to extend the retail space. The first floor of the property is a great size, this is currently used for storage but could be utilised more. As well as extra retail space the first floor would also be great for hosting arts and craft classes. This would be a complimentary service to the business that would allow for an increase in custom.

The services and stock available could be advertised more. The Notebook already has a Facebook page, this has over 325 followers and is kept regularly updated. An e-commerce business website could also be something the purchaser considers looking into.

There is huge scope for this business, a perfect investment for a husband and wife team or partnership. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
The Notebook is located in Midhurst, West Sussex.

The business boasts a prominent trading location in the town centre of Midhurst. The area benefits from ample retail outlets, both well-known branded stores and independent outlets. There are great parking facilities in the town with a large car park just a short walk away.

Midhurst is a popular tourist location in the heart of the South Downs National Park. Due to its location, the area has great picturesque scenery as well as a bustling town centre. Midhurst was voted one of the best places to live in 2016 by the Sunday Times; the town has a population of 4,914 as of the 2011 census.

The business is situated on the A286 and the A272. These are arterial roads that allow for daily heavy footfall and passing trade. As well as great road connections, the area also boasts fantastic public transport. Just a minutes’ walk away are bus stops, these have regular daily routes into Chichester and Northchapel.
Premises
The Notebook boasts a large corner property. The premise is well-signed and there are large windows around the property, used for eye-catching displays.

On entry is the substantial sized retail space, this is a bright space due to the large windows. There are a variety of different shelving units and rails depending on stock. This includes fitted floor to ceiling wooden shelving, central isles, perimeter shelving, metal shelving and much more. The glass topped service counter is to the left on entry, this has two till points and bespoke shelving units around.

There is a rented photocopier on the ground floor.

Stairs lead from the ground floor retail space up to the first floor. Here is a great sized room currently used for storage and stock. There is also a staff office, toilet and kitchen area. This large open plan space would be perfect for further retail space or as a studio or classroom.

The sale includes the following equipment: -

Glass topped service counter

Computer

Printer

Desk

Stick shelving

Bespoke shelving

Laminator

Shrink wrap machine

Glass fronted display cabinet

Two rails

2 x full length mirrors

Till
tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 10 years.

Remaining lease length: 6.5 years as of April 2017.

Rent: £12,000 per annum.
Hours
The business opening hours: -

Monday - Friday: 9am – 5pm

Saturday: 9am – 4pm

Sunday: Closed
staff
The business is run and managed by our client.
Financial profile
The business generated a turnover in the region of £96,000 as of the 2016 accounts, with a gross profit of 44%.

What Zoopla users think of Midhurst

Overall rating:

  • currently 3.5 stars
Good - 72% (26 ratings)

Ratings breakdown:

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Nearby transport

  • Liphook (6.5 miles)
  • Haslemere (7.2 miles)
  • Liss (7.8 miles)
  • Shoreham Airport (21.9 miles)
  • London Gatwick Airport (26.4 miles)
  • Southampton Airport (27.0 miles)
  • Bosham Hoe Ferry Landing (13.2 miles)
  • West Itchenor Ferry Landing (13.5 miles)
  • Hayling Island Ferry Landing (18.1 miles)

Nearby schools

View all schools in Chichester
  • Midhurst CofE Primary School (0.3 miles)
  • Easebourne CofE Primary School (0.9 miles)
  • Stedham Primary School (1.7 miles)
  • Lodge Hill Residential Centre (8.8 miles)
  • Chichester College (10.7 miles)
  • Havant College (14.0 miles)
  • Midhurst Rother College (0.3 miles)
  • Conifers School (0.7 miles)
  • Seaford College (4.9 miles)
Note: Distances are straight line measurements

Local info for Chichester

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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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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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