Property for sale
Freehold Business and Residential Property
• Superb freehold Retail & Online Gift Business Cheddar Gorge
• Substantial period property with immaculate, tasteful 3 bedroom s/c owners accommodation with newly fitted kitchen & bathroom
• Suitable both owner occupation, holiday (c £17 - 20,000pa) or residential (c£9,000) letting
• Growing turnover and profits
• One of England’s prime tourist attractions
• Long established lifestyle business, open 10 months of the year
• Easily run by couple
DESCRIPTION AND LOCATION: Old Rowlands ( www.oldrowlands.com ) is a lovely character Christmas and Gift Shop, attractive growing income and profit, a traditional period property, an enviable prime position and 3 bed owners’ accommodation and gardens– what more could you want?
Enjoying a superb and enviable trading position in the heart of Cheddar Gorge, one of England’s most visited and well known tourist attractions, it is now offered for sale only due to owners’ plans to move on to other opportunities after 13 successful years. This is a rare opportunity to acquire one of the Cheddar Gorge’s most famous and well known businesses, ideally located at the bottom of the Gorge next to the world famous caves. The substantial, extended stone built and tiled character property is extremely well presented and welcoming with its washed elevations and commanding presence in the Gorge.
It has benefitted from much refurbishment over the years and the current owners take an obvious pride in the appearance of the business and superb 3 bed owners’ selfcontained living accommodation. There is a lot of history and heritage attached to the property and business – as the photography shows. Run by a husband and wife team, in the shop you will find many gifts and home accessories, as well as a vast collection of Christmas ornaments and decorations. Of particular benefit is the attractive 3 bed owners’ accommodation, modernised and extended with conservatory, very nicely decorated and appointed, including a newlyfitted kitchen & bathroom and cosy log burner.
THE SHOP: You arrive in the shop with prominent wide frontage and are greeted by an attractively merchandised ‘Aladdin’s Cave’ of gifts, shabby chic home accessories, Christmas decorations and ornaments – and much more! Customers can also visit the website and place and pay for orders online. The shop is pleased to be stockists of best selling brands including Gisela Graham, Sass Belle, Enchante, Wrendale Designs and Heaven Sends. It also benefits from its own WC and small kitchen area.
LIVING ACCOMMODATION: This is a real bonus and provides a very nice home for a couple or family. Separate entrance to the superbly modernised, equipped and spacious living accommodation on the first and second floors, comprising briefly: Conservatory kitchen, spacious living room with log burner and exposed beams, bathroom/WC, 3 bedrooms, private garden with decking – and glorious views over Cheddar Gorge, the River Yeo and the Mendip Hills AONB!
Obviously, there is strong letting potential should new owners choose to live elsewhere. On 2016 projections carried out by experienced lettings agents, gross achievable residential letting income is put at c£9,000pa, with holiday letting at £17-20,000pa increasing the profitability of the property.
TAKINGS & PROFITABILITY: Growing sales, maintained below VAT threshold, with high gross profits and reasonable overheads. Financial information is available to serious applicants. PRICE: to include the benefit of the Freehold of the building, the business, goodwill, fixtures, fittings and equipment (according to inventory) plus stock at valuation.