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Harrison & Hargreaves, 15-17 Saville Street, Malton YO17 7LL

BUSINESS FOR SALE (ref C2007)

DESCRIPTION

Harrison & Hargreaves is a superb example of a traditional retail business offering a wide range of decorating and interiors materials but with a modern influence.  As such the business offers high quality brands such as Farrow & Ball and Little Greene amongst a good selection of paint, wallpaper, fabrics and decorating supplies.

The business is a mainstay of Malton town centre and benefits from customers over a wide geographical area due to the extensive range of products it offers.

LOCATION

Malton is a North Yorkshire market town which provides a focal point for the many surrounding villages and rural areas, with the town being known as Yorkshire’s food capital.  As such, the core town centre area is a popular and attractive destination for shoppers and visitors due to its provision of good quality cafes, restaurants, and independent retailers.

Harrison & Hargreaves is situated adjoining the Market Place which is a focal point for much of the town centre activity and, as such, benefits from close proximity to shoppers parking areas.

SERVICES

We understand that mains water, drainage and electricity are connected to the property.

LOCAL AUTHORITY

Ryedale District Council.

RATING

Shop

Rateable Value: £14,750

Interested parties are to make their own enquiries of the local authority regarding the level of business rates payable.

Flats

Council Tax Band A

TRADE & BUSINESS

Harrison & Hargreaves has been established for many years and has built up a great reputation within Malton and also the wider geographical area it serves.  The business trades in a traditional retail manner, offering a wide range of interior products and is open 6 days a week, closing on Sundays.

The business is operated by one proprietor, assisted by two full-time and one part-time members of staff, plus casual weekend staff when required.

Financial information will be made available to seriously interested parties following a formal inspection of the property.

COSTS

Each party is to be responsible for their own legal costs, however the purchaser will be required to meet the landlord’s proper legal and administration costs in connection with the lease. If the purchaser withdraws from the transaction, it would be expected that they would cover both the landlord and vendor’s legal costs, up to that point.

FIXTURES AND FITTINGS

The business is to be sold on a fully equipped basis and a detailed Inventory of the trade Fixtures and Fittings to be included in the sale will be prepared in due course.

LEASE TERMS

The lease is of a full repairing and insuring nature at a rent of £22,000 per annum. The three flats are sub-let by way of assured shorthold tenancy agreements.

VALUE ADDED TAX

VAT may be payable on the rent and, if so, this will be at the prevailing rate.

ENERGY PERFORMANCE CERTIFICATES

Shop – An EPC has been commissioned and will be available in due course.

Flat at 17a Saville Street – An EPC has been commissioned and will be available in due course.

Flat 1, 15a Saville Street – D57

Flat 3, 15a Saville Street – D63

Full copies of the EPC’s are available upon request.

VIEWING

Strictly by appointment with the sole selling agents.

BUSINESS FOR SALE – PRICE ON APPLICATION for the lease, goodwill, fixtures & fittings plus stock at valuation

 

BUSINESS FOR SALE (ref C2007)

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