A Wool Shop, High Street, Lowestoft.
Paul Hubbard Commercial is delighted to present a fantastic opportunity to purchase the freehold of a historic mixed-use property on Lowestoft’s High Street.
The property is located in a prime location in the middle of Lowestoft’s High Street, and the ground floor commercial unit has been trading as a successful yarn and haberdashery business for decades, serving the local community, holiday makers and those coming from further afield specifically to purchase from this shop.
Due to retirement, the current owners are looking to sell the freehold, with the option of purchasing the business for an additional £50,000 + stock on valuation. This would include all fixtures and fittings for the shop, the goodwill of the business, agreements and contracts with suppliers and introductions to regular clients and groups who frequent the shop on a regular basis.
The shop itself is spacious and was previously two shops, so there is ample space in the retail area to showcase all of the fantastic products available to purchase. The business is a local stockist for well-known brands such as Stylecraft, King Cole, James C Brett, Sirdar, Rico, West Yorkshire Spinners, Adriafil, Groves and Banks, DMC and others, so customers often travel quite a distance to purchase these items.
As well as thriving product sales, the shop also hosts regular knitting and crocheting group, which is a fun, social gathering allowing people to hone their skills, pick up tips and tricks from like-minded people and generally have a chit-chat!
The shop is open for 4.5 days per week currently and has been run by the current owners as more of a lifestyle business, so there is fantastic potential for the new owners to come in and make changes to increase revenue, try out fresh ideas, or continue running it as it has been for decades.
Accounts and other business related information are available upon request.
Retail Area - Carpet flooring, large floor to ceiling windows looking out to the High Street, 2x separate entrance doors, range of wooden shelving units throughout for product display, multiple “slatwall” units for hooks, large wooden serving counter, EPOSNow EPOS system with till and PDQ machine, heating unit above entrance, intruder alarm, radiator and doorways leading to Hallway and Storage Area/Second Retail Area.
Storage/Second Retail Area - Carpet flooring, multiple wooden display units, doorways leading into rear kitchen and main Retail Area.
Kitchen - Wood panel flooring, aluminium double glazed windows overlooking rear garden with sea views, laminate work surfaces with space beneath for white goods, variety of wooden and plastic shelving units and stainless steel sink with drainer.
Hallway - Wood panel flooring, doors leading to cellar, main retail area, understairs storage, staircase leading to first floor, wooden shelving units, multiple cupboards for storage and electrical consumer unit.
Storage Room - Carpet flooring, aluminium double glazed window to rear aspect, various wooden shelving units, doors leading to hallway and WC.
WC - Vinyl flooring, aluminium double glazed window to rear aspect, Alpha boiler, white ceramic handwash basin and toilet.
Landing - Carpet flooring, skylight above staircase, radiator, doors leading to dining room, hallway, bedroom and staircase leading down to ground floor.
Dining Room - Laminate flooring, 2x large sash windows looking out to the High Street, 2x roller blinds, radiator, doors leading to living room and landing, with exposed wooden staircase leading to second floor.
Living Room - Carpet flooring, 1x large sash window looking out to High Street, radiator and door leading to dining room.
Bedroom - Carpet flooring, skylight, built-in wardrobe, radiator, door leading to landing.
Hallway - Laminate flooring, with doors leading to bathroom, kitchen and landing.
Bathroom - Laminate flooring, UPVC double glazed window to rear aspect, heated towel rack, radiator, large walk-in shower with glass screens, white ceramic bath tub, white ceramic sink, toilet and part-tiled walls.
Kitchen - Laminate flooring, UPVC double glazed window overlooking garden with sea views, laminate work surfaces with storage above and beneath, spaces for white goods, Beko fitted oven and hob, stainless steel sink with drainer, radiator and door leading to hallway.
Attic/Bedroom - Carpet flooring, skylight/window to rear aspect, panel window to front aspect, 2x large storage cupboards with double doors, 1x separate storage room/large cupboard at the far end of the room, stairs leading down to first floor. Currently used as a second bedroom but could be used as an office, play room or storage area.
Cellar - Concrete steps from ground floor leading down to basement, with 2x windows to rear aspect overlooking the garden and patio area, various shelving units for storage, water connection for washing machine and tumble dryer, large white ceramic sink, access to rear garden.
Garden - Beautiful tiered garden, with large patio at the top with rockeries, flower beds and seating area, with steps leading down to a large vegetable patch, with gravelled area and rockeries either side. The garden is bordered by exposed brick and wooden fencing, with access to the Score which is used for bin collection. There is also a wooden shed in the corner of the garden which is used for storage. The garden enjoys stunning sea views, privacy and is a real sun trap in the summer months.