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Retail premises to let

£49,999 pa (£4,167 pcm)

Westbrook Walk, Alton GU34

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and very popular soft furnishings business, which is ideally located within the town of Alton, Hampshire.

The business was originally established in 1984 and has been in our clients’ careful ownership since 2012. Only now is the business being offered to the market due to our clients’ desire to concentrate on other business interests. The business currently operates 6 days per week and generates a turnover in the region of £319,064 per annum, with a gross profit of approximately 47%.

Our clients offer a variety of interior design products, including bespoke curtains, wallpapers, blinds, tracks, poles, loose covers, replacement foam and cushion fillings and fabrics. Other services they provide are home visits and full track and curtain installation. The business are exclusive stockists in the town centre of Sanderson, Clarke and Clarke, Romo, Harlequin, Voyage/Lorient and James Hare (silks), to name a few. The top wallpaper best sellers include Sanderson and Harlequin. The business has won the best Christmas window display three years in a row.

The business has built up an enviable reputation within the area for the very high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by embarking on a modest marketing campaign, as our client has a database of customers dating back to 2013, which would provide an excellent base for this venture. The business would further benefit from the launch of a website to promote the high quality goods available, which could incorporate online ordering facilities.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Melanie Nelson Interiors (formally known as Lasletts interiors) occupies substantial two storey premises, ideally located within a pedestrianised retail area within the quaint market town of Alton in Hampshire. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall. The business further benefits from excellent public car parking facilities within the area.

Alton is a popular and affluent market town and civil parish in east Hampshire. It is located across a valley on the source of the River Wey. According to the 2011 census, the town had a residential population of 17,816. The thriving market town offers a delightful mix of historic buildings, modern shops and arcades. It is well known for its regular Tuesday market day, as well as other markets and fairs.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Alton railway station is just over half a mile away. The area is also well served by the a-roads, with the A31 being within easy driving distance, which links to the national a-road and motorway networks. Winchester is approximately 18 miles away and Basingstoke is 13 miles away.
Premises
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor:

Large display window.

Large retail area.

Central work bench.

Perimeter shelving and wall hanging facilities.

Fabric hanging displays.

Rear service desk.

Rear storage/kitchen area.

Staff WC.

Stairs to first floor.

First floor:

Large workroom with central work bench

Sample books are included in the sale.
Tenure
We are advised leasehold:

Original lease length: 10 years

Remaining lease length: 6 years

Review every: 5 years

Rent: £22,500 per annum
hours
The business is open:

Monday – Saturday: 9.00am – 5.00pm

Sunday: Closed
staff
The business is owner run and managed with 3 x staff members.
Financial profile
The business generates a turnover in the region of £319,064 per annum, with a gross profit of approximately 47%.

What Zoopla users think of Alton

Overall rating:

  • currently 4 stars
Very good - 75% (50 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
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 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
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 4
  • 5

Nearby transport

  • Alton (0.5 miles)
  • Bentley (Hampshire) (5.3 miles)
  • Liss (8.1 miles)
  • Southampton Airport (21.4 miles)
  • London Heathrow Airport (31.9 miles)
  • London Gatwick Airport (34.1 miles)
  • Bosham Hoe Ferry Landing (23.7 miles)
  • Portsmouth Continental Ferry Terminal (23.8 miles)
  • West Itchenor Ferry Landing (24.1 miles)

Nearby schools

View all schools in East Hampshire
  • Saint Lawrence Church of England Primary School (0.2 miles)
  • Alton Infant School (0.4 miles)
  • Anstey Junior School (0.5 miles)
  • Alton College (0.6 miles)
  • Treloar College (1.4 miles)
  • University for the Creative Arts (8.8 miles)
  • Amery Hill School (0.3 miles)
  • Alton Convent School (0.9 miles)
  • Eggar's School (1.1 miles)
Note: Distances are straight line measurements

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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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