Retail premises for sale in Batchen Street, Elgin IV30

Exceptional period retail unit

Opportunity to purchase profitable male grooming and lifestyle shop

Prime attractive trading location in Elgin

Excellent sales and storage areas extending to around 36m²

Benefits from shop and online sales

Description

Sirology is an extremely attractive business proposition, located in a substantial period property set over three floors. This well-appointed shop unit extends to around 36m² with the sales area of an excellent standard. Turnover levels now exceed pre-covid levels. Ideally located on the North East 250 route, the shop has a great position in a popular street generally attracts a steady level of passing trade. The business enjoys a stable footfall all year round, with peaks at Christmas and over the tourist period. The existing lease has around 2 years to run; however, the landlords for the building have indicated that they could be open to extending the lease.

Reason for sale

The current owner has owned the business for 8 years. The vendor is now ready to move on to new challenges leading to this extremely attractive retail business coming to the market.

Trade

Sirology is a very well-maintained business and is ideally equipped with shelving, general display units, numerous storage cabinets, wall displays and a till system. All ideally configured to run a successful male grooming and lifestyle shop. The business provides face care, hair products and a comprehensive range of quality branded accessory and gift items. There is scope to develop all aspects of the business, including increasing the online presence. The whole of the property has been well maintained over the years resulting in a fresh and well-lit environment for customers.

Opening hours

The shop is open 6 days a week, trading Monday to Saturday, 09:30 - 16:30.

Location

The subjects are situated in an attractive retail street within the town centre close to Elgin High School. The local planning plan gives the opportunity for more houses to be built locally. Elgin town centre contains a great mix of mainly ground floor retail with residential or commercial usage on the upper floors. A broad range of high street shops, small retailers, cafés, restaurants and leisure facilities are on offer in the town, none of which directly compete with Sirology. Much has been done in recent years to regenerate the town, the High Street is extremely attractive, retaining many of its original buildings and cobbled streets. Elgin town centre is also the main recipient of the £100 million Moray Growth Deal, bringing large investment and opportunity to the town centre.

Elgin is a lively and charming market town and is the administrative and commercial capital of Moray with a population of around 21,000. It is situated approximately 36 miles east of Inverness and 64 miles west of Aberdeen with good transport links via the A96 trunk route and rail links to Inverness and Aberdeen and their respective airports. Elgin is also home to Moray College uhi which provides a range of courses for around 10,000 students.

Sedate outdoor pursuits such as bird watching and fishing also draw a great many visitors to the area who take advantage of the abundance of wildlife in the region. Moray is also famous for its castles and distilleries which appeals to many tourists who can continue their journey through both the Highland and Grampian regions.

The property

The attractive building is of traditional stone construction with pitched slate roof. The front of the property has an entrance accessed directly from the pavement into the ground floor trading level. To the side of the ½ glass door is a picture window, providing fantastic window dressing opportunities. Above the door and window there is a full width sign advertising the business. Around the door and windows, the building is beautifully presented having been painted dark grey with dark grey polished stone apron. All windows and doors have security grilles / drop down roller shutter.

The property is arranged as follows:

Ground Floor Sales – approximately 19.4m²

Basement Storage – 14.8m²

First Floor Toilet / Storage – 1.8m² (Over shop limited height storage not included)

grounds

The business is set within an impressive period property enjoying prominent roadside frontage. There are no external grounds associated with this unit.

Services

The property benefits from mains electricity, internet, water supply and drainage. The shop unit is electrically heated and is equipped with a portable on-line CCTV system.