Excellent opportunity to acquire a fully established and trading Children’s Play Area with the business offering a range of attractions and indoor activities including, children’s parties, laser tag, drop in play sessions and private functions.
The business is operated from a former church of traditional sandstone construction, large windows, and a timber pitched roof overlaid in slate, which is available as part of the sale.
Internally there is an entrance vestibule and small office, used as the entrance counter, with large timber doors leading into a spacious open plan area fully refurbished as a bright and colourful children’s play area includingtwo-tieredclimbing frames, slides, party room, sensory room and a large dining area for over 40 covers. To the rear there are two offices, storage and modern commercial kitchen and WC facilities. The accommodation is fully fitted for continuation of the existing use.
On street parking is available to the front of the subjects together with a number of public car parks in the vicinity. Neighbouring occupiers include The George Hotel, Sharkys bar and diner and George Street Barbers.
The business is being sold as a going concern and with an extensive range of equipment, enabling the purchaser to trade immediately.
The business, which is currently unique to Montrose, offers the purchaser opportunity for further expansion to maximise its potential turnover.
Location
Montrose, with a population of some 13,250 (Angus Council) is one of the principal towns within the district of Angus. It is positioned on the north east coast of Scotland approximately 48 km (30 miles) north of Dundee and 61 km (38 miles) south of Aberdeen. The town sits on the main East Coast National Rail Network, linking London and Aberdeen and connects into the trunk road network via the A92 coastal tourist route and A935. Montrose is an important service and employment centre for the north east of Angus and as well as being an attractive place to live, it is a popular destination for visitors, tourists and businesses. The subjects are located on George Street facing a busy thoroughfare, with good passing traffic and footfall. Parking is readily available on George Street and the surrounding locale.
Accommodation
We calculate the subjects extend to approximately 513.8 Sq.M. (5,530 Sq.Ft.) on a Gross Internal Area basis in accordance with RICS Property Measurement Professional Statement (First Edition, May 2015) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice (Sixth Edition).
Terms
RATEABLE VALUE - The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at:
Net and Rateable Value: £17,500.
The Unified Business Rate for the financial year 2017/2018 is 46.6 pence exclusive of water and sewerage.
Qualifies for relief under the small business bonus scheme. (up to 25% reduction on properties with a rateable value of under £18,000). Please contact us for further details.
The rateable value is currently under appeal.
PROPOSAL - Offers are in the region of £225,000 are invited for our client’s business and heritable interest. Our client may also consider leasing the property, with the terms of the lease being negotiable, with an additional premium paid for the business goodwill. Please contact to discuss further. Further accountancy information will be made available to seriously interested parties.
ENERGY PERFORMANCE CERTIFICATE - Awaiting assessment
VAT - For the avoidance of doubt all prices quoted are exclusive of VAT.
LEGAL FEES - Both parties shall be responsible for their own legal costs with the ingoing tenant assuming responsibility for LBTT and registration dues.
PLANNING - We are advised the premises currently benefits from Class 11 (Assembly and Leisure) consent. All interested parties should make their own inquiries with regard to Angus Council Planning Department to satisfy themselves with regard to the current planning position.
Specification
- Fully Equipped Children’s Play Area
- Established Local Business
- Prominent Location
- Good Levels of Turnover
- Opportunity for Expansion
- Freehold Property Available
- 5,530 Sq. Ft. (or thereby)