Retail property (high street) for sale

C&D Rural are delighted to offer a popular paper shop and convenience store to the market, situated on the high street of Langholm, which benefits from a lot of passing and local trade. The current owners have run the business for nearly 20 years.

Situation

Langholm or the “Muckletoon” as it is commonly known by the locals is home to approximately 2000 residents. The town is only a mere 30 minutes from Carlisle and situated on the A7, benefits from a lot of passing trade and tourists heading North to the rest of the Borders, Edinburgh or Highlands.

Business

The main part of the shop sells a variety of items including newspapers and magazines, a large range of greetings cards, postage stamps, stationery, toys and games, gift wrap and bags, calendars and diaries, fresh milk (supplying 7 commercial customers), soft drinks, sweets and snacks, everyday essentials, cigarettes and tobacco and a large range of Christmas stock with an annual turnover of £220,000 PA on average

There is a small office at the rear of the building and a generous sized store room with w.c and wash hand basin.

There is a separate side door in the alley for deliveries.

Trading hours are currently:

Mon, Tuesday, Thursday, Friday (5.00am-5:00pm)
Wednesday (5.00am - 14.00pm)
Saturday (5.00am-1.00pm)
Sunday (5am-11.30am)

This is a very profitable business in a delightful area and therefore viewings are highly recommended.

Accounts

The business has a revenue of approximately £220,000 per annum. Detailed accounts are available to seriously interested parties.

Tenure and Possession: The Heritable (Scottish equivalent of Freehold) title is offered for sale and business as a going concern. Stock available at valuation.

Matters of Title: The property is sold subject to all existing servitude rights, burdens, reservations and wayleaves, including rights of access and rights of way whether contained in the Title Deeds or informally constituted and whether referred to in the General Remarks and Stipulations or not. The Purchaser(s) will be held to have satisfied themselves as to the nature of such servitude rights and others.

Fixtures and Fittings: All standard fixtures and fittings are to be included in the sale.

EPC Rating: C

Services: 48 High Street is serviced by mains water, electricity, drainage and electric heating.

Viewings: Strictly by appointment through the sole selling agents, C&D Rural. Tel[use Contact Agent Button].

Offers: Offers should be submitted in Scottish Legal Form to the selling agents. The owner reserves the right to sell without imposing a closing date and will not be bound to accept the highest, or indeed any, offer. All genuinely interested parties are advised to instruct their solicitor to note their interest with the Selling Agents immediately after inspection.

Money Laundering Obligations: In accordance with the Money Laundering Regulations 2017 the selling agents are required to verify the identity of the purchaser at the time an offer is accepted. All offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds.

Rateable Value: The Rateable Value for Langholm Paper Shop is set at £3500 per annum effective from April 2023. The business falls under the the small business exemption scheme.

Website and Social Media: Further details of this property as well as all others offered by C&D Rural are available to view on our website updates and the latest properties like us on facebook.com/cdrural and Instagram on @cdrural.

Referrals: C&D Rural work with preferred providers for the delivery of certain services necessary for a house sale or purchase. Our providers price their products competitively, however you are under no obligation to use their services and may wish to compare them against other providers. Should you choose to utilise them C&D Rural will receive a referral fee: Fisher Financial Associates– arrangement of mortgage & other products/insurances; C&D Rural will receive a referral fee of £50 per mortgage referral. Figures quoted are inclusive of VAT.