About this property

EXCITING OPPORTUNITY to acquire a busy and profitable health food business with further accommodation over.
Natural Foods is located in a prime position in the thriving tourist and market town of Llanidloes. The retail space operates from the Ground Floor with a storage shed at the rear. The Upper Floors provide further office space (or one bedroom plus sitting room), kitchen and bathroom space.

This is a great business and/or investment opportunity to purchase a growing business with loyal customer base.

* Freehold building *
* Ground Floor Retail Space *
* First and Second Floors for office/storage or accommodation *
* 50.2 sq m (540 sq ft) *

Features

AGENT'S REMARKS

This popular and well supported business is located in the attractive, historic market town of Llanidloes which has a string of independent shops and businesses that attract local trade as well as tourists from further afield.

Well known as a sought after town in which to live, with Llanidloes having been named as one of the top three places to live in the country by the Royal Mail, there is much to attract prospective purchasers looking for a sound business opportunity which includes a freehold building, the business and goodwill.

Natural Foods is situated at the top of the main commercial street with unrestricted parking nearby. It offers a range of health products and wholefoods. Complimentary shops such as a vegetarian cafe, an organic fruit and vegetable shop, a local butcher and a fish delicatessen operate nearby and make Llanidloes a destination for such products.

Viewing is highly recommended.

THE BUSINESS

Natural Foods has been independently owned and operated by the current vendors over the last 14 years, with the business having been originally established in 1981. This longevity is attributable to the loyal customer base engendered by the current owners and the demand for such a business within the town of Llanidloes. The business has a strong turnover and a Gross Profit margin of 29% for the financial year ending 2019.

ACCOMMODATION comprises:

GROUND FLOOR

Retail Space

One room with good sized window frontage over Great Oak Street, the main tree lined street in Llanidloes with parking each side. Quarry tiled floor. Fitted shelving.

Small Rear Entrance Lobby

There is access at the rear to a shared yard and further storage shed which is constructed of concrete blocks with an insulated roof. Light and power are connected. This passage also gives access to High Street.

A staircase rises from the Ground Floor to the First Floor.

FIRST FLOOR

Kitchen / Dining Room / Store Room

Base and wall cupboards with worktops over and incorporating a sink. Gas cooker point. Shelving. Window to front overlooking Great Oak Street.

Bathroom

Low level wc suite, wash hand basin and corner bath with electric shower over. Store cupboard. Boiler cupboard with gas combi central heating boiler and space and plumbing for automatic washing machine. Window to side.

SECOND FLOOR

Office (Sitting Room)

With window to front overlooking Great Oak Street.

Office / Bedroom

With window to side.

ACCOMMODATION

Ground Floor - 16.3 sq m 175.5 sq ft
First Floor - 15.9 sq m 171.3 sq ft
Second Floor - 18 sq m 193.3 sq ft
TOTAL: - 50.2 sq m 540 sq ft

ACCESS

Llanidloes is located in beautiful mid Wales and has excellent road links being on the A470, the main north to south route in Wales, and the B4518.

The larger shopping centre of Newtown is some 25 minutes away, Welshpool is 45 minutes and Shrewsbury is within an hour's drive. The nearest train station is eight miles distant at Caersws from where there are regular connections to Aberystwyth, Shrewsbury, Birmingham and on to London and beyond.

The University Town of Aberystwyth and West Wales Coast is some 30 miles distant.

TENURE

The Freehold interest in the property is offered for sale together with the business, to include all fixtures and fittings, at an asking price of £119,000 (exclusive). Stock will be prices separately at the date of sale.

BUSINESS PURCHASE ONLY

Clare Evans & Co is also offering for sale the business along with a 5 year lease of the building so please contact us on 01597 810457 for further information.

Llanidloes and Local Area

Llanidloes is renowned for its friendliness and hospitality as well as for the wonderful attractions and scenery in which it is located. These include the Clywedog Reservoir and the Hafren Forest.

Llanidloes has a primary school and a secondary school with well a equipped leisure centre, all of which are within an easy walking distance. It has a doctors surgery, a dispensing pharmacy and local independent shops which include butchers, grocers, bakers, fish delicatessen, supermarket, toy shop, cafes, restaurants, public houses and inns.

Wider shopping facilities are available in Newtown some 14 miles north of Llanidloes.

SERVICES

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

LOCAL AUTHORITY

Powys County Council - tel 01686 617520.

RATEABLE VALUE

Rateable Value 2019/2020 - £2,125

The Welsh Government provides non-domestic rates relief to eligible small businesses. Eligible business premises with a rateable value of up to £6,000, such as 17 Great Oak Street, will receive 100% RELIEF. This applies on an annual basis and interested parties should make their own enquiries of the local authority.

PLANNING

The building has planning consernt for its existing use as a retail shop. The property is Grade II Listed.

VAT

It is understood that the property is not elected for VAT.

Viewing Arrangements

Viewings are strictly through the Sole Agents, Clare Evans & Co tel 01597 810457 sales@clareevansandco.co.uk

PMA Reference

0206925819

The Property Ombudsman

Clare Evans & Co is a member of The Property Ombudsman Estate Agents Scheme and therefore adhere to their Code of Practice. A copy of the Code of Practice is available in the office and on request. Clare Evans & Co's complaints procedure is also available on request.