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Aladdin's Cave

All offers considered

Details

  • All offers considered
  • Commercial unit
  • Location: Central location
  • Lease: Lease expires 31st December 2027
  • Renewal Terms: Annual renewal terms
  • Date Available: Immediately
  • Market: Commercial

Property Description

Located on one of Sark’s principal thoroughfares, Aladdin’s Cave is of a granite construction in a ‘cottage’ style, south-facing and close to all the main amenities along the island’s main Avenue.
This commercial unit offers a fantastic business opportunity for that of an entry-level business. Aladdin’s Cave has an impressive turnover and profit margin for such a compact unit and is ideal for a semi-retired couple or for a young person willing to dedicate their summer hours to the venture. This retail unit is perfectly situated to capture passing trade and already has a loyal customer base. The present owner has created a business with emphasis on value for money items that appeal year after year to residents and tourists alike, selling everything from handbags, postcards and souvenirs to emergency waterproof clothing. Existing stock could be purchased, and supplier lines are currently in place which would assist in a smooth transition of management.

The present owner would also consider the potential sale of the remainder of the lease, which expires 31st December 2027.

Aladdin’s Cave has mains electricity.

Term: Available to rent on a renewable annual basis, or the sale of the remainder of the lease, which expires 31st December 2027.

Property Tax: £101.50 per annum at the 2019 rate of £14.50 per quarter. The measurements of the property equate to 7 taxable Sark ‘quarters’.

Viewing: Strictly by appointment only through Sark Estate Agents as the Vendor’s sole agents.

Possession: Immediate.

Price: All offers considered.

These details are the property of Sark Estate Agents Ltd and are not for reproduction without permission; they are issued on the implicit understanding that all negotiations concerning this property are conducted through this Agency and whilst care is taken in setting out these details we do not guarantee their accuracy, nor do they form a contract or any part thereof.

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