Retail premises for sale in 27 Commercial Road, Shetland ZE1, £100,000

100,000.00

Offer Nr.:
64921621
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Nationwide Business Sales
Phone(s):
0113 427 5931

* Leasehold
* Net Profit £110, 000
* Excellent high street position
* Established over 70 years
* Outstanding repeat business
* Strong local community support
* Long lease available
* Multiple revenue streams
* Free off - street parking
* Opportunity to expand
* Fully refurbished
Opportunity
Established in 1950, ‘Home Furnishing’ is an integral part of the Shetland
community, well - established as the market leader on the island
Very profitable business and limited competition
Incredible opportunity for an experienced retail manager looking for their
first venture with a stable and thriving business
Substantial opportunity for an owner operator
Fantastic business to add to an existing portfolio
Once in a lifetime opportunity to embrace ‘Island Life’ and run a very
successful business
Location
Situated on Commercial Road, adjacent to Lerwick Bus Station, the main road
around the town centre, close to the port with free off - street customer
parking
Lerwick is the capital of Shetland, as such is the business and retail heart
of the island
Steeped in history, Shetland offers culture, scenery and history to tourists,
as well as the best whale watching in UK waters
Main industries are fishing, oil, gas, and renewable energy
Priding itself as one of the most sustainable islands in the UK it also a
unesco Global Geopark
Internal Details
Home Furnishing is a purpose built two - storey retail property, please see the
attached floorplan for further information
External Details
Private off - street customer carparking for up to 24 cars
Development Opportunity
Prior the refurbishment Home Furnishing’s took the business online, this
proved to be a phenomenal success, delivering over 1, 000 parcels a week across
Scotland
Home Furnishing relaunched their online sales platform in December 2022
Tenure
Nationwide Business Sales are pleased to offer ‘Home Furnishing’ to the market
on a leasehold basis for ‘Offer Over £100, 000 + Stock at Value’
The vendor will assign a new 15 - year lease, with a passing rent of £36, 000 per
annum
Staff
All staff are subject to tupe regulations
Financial
Accounts are available upon request
Other information
Home Furnishing has a dedicated website please visit
Shetland has a population of under 25, 000, Home Furnishing’s Facebook page has
over 4, 000 likes and followers

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