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Retail premises for sale

£34,999 Fixed price

Galashiels, Scottish Borders TD1

Interested in this property? Call +44 131 268 9615 * or Request Details

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Property features

  • Wide range of products
  • Alcohol licence
  • Lock-up property with low rent
  • Turnover is in excess of £287,000 per annum

Property description

Reference - 41724

Description
Langlee Convenience Store is an excellent business that has been run by the proprietor since 2006. It offers a variety of services including a convenience store and off licence.

The business offers a healthy income for any prospective purchasers. There is also an atm machine, with a £1.99 charge per transaction.

The business occupies an excellent position in Langlee, Galashiels within a small square, and is surrounded by an abundance of residential properties. Langlee Convenience Store has built up a loyal base of clientele and offers ample scope for future growth.

The business has been reluctantly placed on the market due to the proprietor’s wish to pursue other business ambitions.

Situation
Langlee Convenience Store is well located on Marmion Road, Galashiels. The business is situated in a small square and is surrounded by residential properties.

Galashiels is a town in the Scottish Borders, and lies just 30 miles south of Edinburgh on the A7.

Langlee is a suburb of Galashiels on the east of the town.

Business Internal
The business trades six days per week, opening from 06:30-17:30 Monday- Friday and 06:30-12:30 on Saturdays.

The premises comprise of good sized shop front, a stock room located to the rear as well as staff welfare facilities.

On entering the shop the main counter is located straight in front of you, with a cigarette display, till point and chilled display cabinet.

The shop floor is fitted out with shelving that surrounds the whole room.

The business offers a wide range of products including: Greeting cards, confectionary, a small selection of general groceries, chilled refreshments and a selection of beers, wines and spirits.

The business also benefits from an atm charging £1.99 per transaction.

Business External
The front of the property is straight to street and is situated in a small square surrounded by residential homes.

Services
The property has mains water, drainage and electricity.

Accounts
Turnover is in excess of £ 287,000 with a good gross profit.

Tenure
We are advised that the property is held on a leasehold basis, which is due for renewal on June 2016. The vendor has advised that the landlord will extend the lease to a new tenant. The annual rent is £3,589 exclusive.

We have been unable to check this information and advise any prospective purchasers to consult their own solicitor for verification.

Price
Offers in the region of £34,999 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Summary
Langlee Convenience Store offers any potential buyers with a fantastic walk-in opportunity to a well run and profitable business. It is an opportunity not to be missed.

What Zoopla users think of Galashiels

Overall rating:

  • currently 3.5 stars
Good - 73% (26 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 3.5 stars
Transport & travel

Rate Galashiels:

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Tweedbank (0.8 miles)
  • Galashiels (1.2 miles)
  • Stow (6.6 miles)
  • Edinburgh Airport (32.7 miles)
  • Newcastle Airport (58.2 miles)
  • Glasgow Airport (67.0 miles)
  • Leith Newhaven Harbour Ferry Landing (30.5 miles)
  • Leaplish Ferry Landing (30.9 miles)
  • Belvedere Ferry Landing (31.1 miles)

Nearby schools

View all schools in Scottish Borders
  • Langlee Primary School (0.3 miles)
  • Tweedbank Primary School (0.6 miles)
  • Burgh Primary School (1.4 miles)
  • Borders College (0.9 miles)
  • Galashiels Academy (1.4 miles)
  • Earlston High School (4.5 miles)
  • Saltersgate School (22.7 miles)
  • Grove Academy (24.2 miles)
  • Outwood Academy Redcar (24.2 miles)
Note: Distances are straight line measurements

Local info for Scottish Borders

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For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (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 Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company 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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