Sold

Well-Known Hardware Store And 4 Bedroom House

Newcastleton, Scottish Borders

£199,950 +SAV

Ref: 2641

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Description

Hilton Smythe are proud to introduce to the market Holm Hardware. A general hardware store with a varied range of products being sold including DIY and decorating, camping and leisure, pet products, household, gardening and electrical amongst other ranges. The store was established in the late 1800’s, and has been run by our clients since 2003, who are only now selling the business due to other business interests. The store is well supported by the community with lots of repeat business and is extremely popular, with the many regular tourists. The business is well presented with on street parking. The business is well known within the area, however could also benefit from an ecommerce website to generate some more revenue. The turnover for the business is currently around £70,000 per annum. This property comes with separate accommodation to the back of the property which includes 4 bedrooms, 3 of which are doubles, so is perfect for a family especially as there is a primary school just a two minute walk up the road. The business is currently run by a husband and wife team. We advise the business to be run as a partnership. This business is priced for a quick sale, and is a rare opportunity for a new owner looking for a thriving village location store. Therefore an early viewing is highly recommended.

Tenure

Freehold

We are advised that the business is Freehold.

Hours

Business opening times Monday-Saturday: 9am-5pmSunday: Closed

Staff

The store is run and managed by our 2 clients.

Financial Profile

We are advised the turnover for the business is around £70,000 per annum.

Location

Holm Hardware is located in Newcastleton, a gateway to the Scottish Borders, Scotland. The business is situated in the beautiful village on South Hermitage Street. Surrounded by hotels, convenience stores, cafes and is placed in a central location on the quaint village green. Located just a few minutes away from Liddle Water. The area is supported by public transport with a bus stop just up the road. Newcastleton Golf Club is a short distance up the road. South Hermitage Street is on the B6357 a scenic border route with passing trade from the Forestry Industry. Newcastleton is a popular tourist destination which has a caravan club Affiliated Caravan Site and is also the trail head for the increasingly popular 7 stanes mountain bike trails.

Premises

The ground floor of this property is the large shop area, fitted with serving counter and till area. The shop is well stocked with shelving all around and centre display shelving. With access from the shop to the ground floor of the accommodation. The property consists of a large 4 bedroomed house which is attached to the rear of the shop. The ground floor of the accommodation consists of a large hallway with stone staircase, fitted kitchen, living room, and bathroom with shower. The accommodation has a private entrance from Douglas Square along with private entrance from the shop. On the first floor of the shop is a storage area that can be used for extra retail space. The first floor of the house has the 3 spacious double bedrooms and also a good sized single bedroom. The living room has plenty of space for a table and chairs as well as a good size 3 piece suite. The house is well laid out and is a fantastic size. Each of the rooms are light and airy, and are a reasonable size. All of the rooms are well designed and the interior is fresh and modern. With white walls and cream carpets throughout, the property is ready to move straight into. The house attic is fully boarded out, and is currently used for storage.

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