Hunnyhill Aquatics Vicarage Walk 978 SF Retail Building Newport PO30 5JH For Sale

A rare and unusual opportunity to acquire this business, specialising in all aspects of aquatic supplies, offering services and deliveries across the Isle of Wight, and long-established in its current location. It is only offered for sale due to our client’s impending retirement plans, and early interest is therefore strongly encouraged. The business is offered on the basis of a new lease, with an appropriate ingoing premium to purchase, with further details and information as briefly outlined overleaf. The business will be sold on the basis of a new lease, effectively on a full repairing and insuring basis, with the Landlord to insure the building(s) and the tenant to pay their share of the premium. Tenants will be responsible for their own contents and public liability insurance. The lease may contain three-yearly upward-only rent reviews, and the Landlord will reserve the right to exclude any lease from the security provisions of the Landlord & Tenant Act 1954, Part II. For the retail premises and yard - £18,000 p.a.x. Rental guide on application in respect of the additional storage facilities, if required. Ingoing premium for the business is £80,000. The business: Hunnyhill Aquatics is a very long-established and popular family-run business, offering services to include aquarium stands and cabinets, pond equipment to include pumps, UV clarifiers and filters, pond liners (either flexible or rigid), aquatic plants both real and artificial, filters, heating and lighting, fish foods for ponds and aquariums in both winter and summer, plus treatments and medications. We believe the business offers an ideal opportunity for a new owner to either continue in the same vein or expand accordingly. Accounts and other details can be discussed and provided, but only to bona fide applicants and their professional advisors, and this may be subject to signature of a confidentiality agreement. The business is offered fully equipped as a going concern, and the fixtures, fittings and equipment will be inventoried on the occasion of a sale. Stock will be sold separately at valuation, and we are advised that this currently averages some £65,000.