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Shop

£15,000

Northdown Road, Margate

FOR SALE

Property FEATURES

  • Large Commercial Premises
  • Cellar
  • Car Park to the rear
  • Immediate Viewing Possible
  • Great Investment Opportunity
  • Call now to view

Property DESCRIPTION

JUST REDUCED - Bicycle Shop & Repair Workshop ( Leasehold ) situated on busy Main Road Located in Margate-Kent

This is an Amazing opportunity to acquire an established cycle business in the heart of Margate situated on a busy main road. It is an ideal offer for a buyer who already has knowledge in this industry or for one who simply is a bike enthusiast who wants to invest and take advantage of the current cycling trend which is experiencing an unprecedented boom. We have built and achieved so much in this business in the last few years and yet there is so much more potential to grow the business much further, which we have not been able to do due to our impending retirement. With a good plan, the buyer can consider adding the following lines, as they all currently have great demand.

- Refurbished bikes
- E-bikes, E-scooters and Mobility trikes
- Bicycle rentals for the coming Summer season.

The shop with its own unique design and set up comes with all fittings, CCTV system,
inventoried stock list and a well equipped repair workshop with high end branded tools. The shop floor has an area of 1450ft2 (Approx) which makes it eligible for Small Business Rate Exemption . It also has a small basement for extra storage. To the rear of the shop, there is vehicle access for loading/unloading and a vehicle parking bay.

This is an open 5-year renewable lease which is readily assignable to a new tenant. The current Rental lease amount is £11,000 annually.

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