Rectory Grove, Leigh-on-Sea, Essex, SS9
£20,000

Guide price

DESCRIPTION:

A long established Home Interiors & Design business offering a wide variety of products including, Fabrics, Wall & Floor Coverings, Rugs, Designer Paints, Curtains, Soft Furnishings & Re-upholstery, Blinds & Shutters, Furniture, Lighting, Home Accessories & Giftware.

Property An extremely handsome Retail shop situated in the sort after Town of Leigh-on-Sea, surrounded by a wide choice of independent shops, cafes and restaurants.

The premises have a floor area of nearly 1,000 sq.ft. including a rear store, small domestic kitchen & WC and in keeping with the nature of the business has been fitted out to a high standard and very well maintained. The shop is divided in two areas with the front providing a flexible retail area and the rear, a well equipped studio and extensive library of products. The property has a rear door to a bin area and parking space for one vehicle which is approached from the road by a side access.

The Business The Business: Established in 1991, Design Collective have since acquired an extensive library of products and leading brands (many exclusive) which is probably unrivalled in this corner of Essex, together with a loyal Client base throughout the County. Products &

Services:- Fabrics & Wallcoverings, Designer Paints, Curtains, Soft Furnishings & Re-upholstery. Blinds & Shutters. Floorcoverings & Rugs. Furniture, Lighting, Home Accessories & Giftware. For a overview of

the business, history and list of brands please refer to their website – www.designcollectiveinteriors.co.uk. Design Collective also have Instagram and Facebook accounts. The trading hours are Monday to Saturday 9am till 5pm.

Reason for Sale Having been trading since 1991, the sale of the business forms part of our Clients retirement plans.

Tenure/Rent The current lease is due for renewal in January 2023. Negotiations are however taking place for a new lease. Current rent £15,500pa paid at £1,291 per month, plus £50 per month in respect of the parking space.

Business Rates The 2017 Rating Assessment reveals a Rateable Value of £13,750, resulting in a Yearly Charge of £6,861.25, which is reduced to £2,001.53 with Small Business Relief and Retail Discount.

Legal Fees Each party is to be responsible for their own legal fees.

01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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