- Prime tourist trading location
- Thriving gift shop on the coast
- Next to Lynmouth Harbour
- Currently run under management but would suit an owner occupier
- Turnkey opportunity
- Services: Mains water and electricity
Retail Property (High Street) for rent in Lynmouth
Prime tourist trading location
Thriving gift shop on the coast
Next to Lynmouth Harbour
Currently run under management but would suit an owner occupier
Turnkey opportunity
Services: Mains water and electricity
LOCATION
In a bold corner position fronting the Esplanade overlooking the coast, in a prime tourist trading location, arguably one of the best in North Devon. This fashionable Exmoor resort together with its twin town of Lynton, is often referred to as 'The Little Switzerland of England' as it is surrounded by deep sided woodland river valleys. Directly opposite is the harbour, close access to the beaches with a range of interesting shops, pubs and catering outlets close by.
THE PROPERTY
The leasehold lock-up shop offers around 470 sq ft of retail space in two sections with the rear retail area being around 183 sq ft and the front area is circa 287 sq ft. There is no cloakroom but a public convenience is located within a short walking distance. The shop will be offered with the counter, shelves and light fittings. There is no outside space to the rear but the current owners uses the small forecourt for display.
TENURE
We have been instructed by the owner to sell the business and lease which commenced in January 2019 for a duration of 12 years at a current rent of £12,000 per annum. This is an assignment of this lease and is available at an ingoing premium of £50,000. An incoming tenant will need to provide satisfactory trade/professional references, proof of funds as well as ID for Landlord's approval and will be responsible for the payment of the Landlord's reasonable legal costs.
THE BUSINESS
A busy gift shop selling gifts and souvenirs for all the family. Operated on a seasonal basis from Easter to October, 7 days a week, opening hours from 9.30am to 5.00pm. Currently run by staff but would ideally suit an owner occupier. Accounts can be made available to those seriously interested parties who have inspected the premises with the vendor's permission. Please note stock is available for an additional sum at valuation.
Important information
Property Ref: 55707_COM220127_L
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