Property advertisement

Gunns Art Gallery, 11 Lee Road, Lynton

Ref: N/A
Available for sale

£595,000
Retail Property (high street)

Main Property Photo

LOCATION
In a prime tourist trading position almost directly opposite the main town hall in the thriving Exmoor resort of Lynton, which together with its sister resort of Lynmouth is often referred to as the little Switzerland of England.

THE PROPERTY
The premises comprise of a substantial mid-terrace commercial property with two apartments, one on the first and one on the second floor and on the garden level there is a further one bed apartment currently utilized for storage purposes but easily reconfigured to provide owners accommodation. Each flat has independent central heating and the whole property has a fire alarm system. To the rear is a small courtyard garden with pedestrian access from the main car park in the village centre. The property was in fact a former Victorian hotel built by the Jones Brothers later responsible for Lynmouths famous cliff railway. The art gallery was founded by George Gunn in 1893 and has been trading for over a century. Our clients currently let the two apartments but the property will be offered with full vacant possession of the upper floors and the going concern of the ground and lower ground floors providing a lucrative income. All shop fittings are included but with stock to be purchased for an additional sum at valuation.

THE BUSINESS
Our clients operate the business as an art gallery and arts/crafts shop selling a range of paints and artists materials as well as undertaking picture framing and the sale of original art work and prints from artists thorough out the United Kingdom. There is a valuable online website www.gunnsgallery.co.uk which has approximately 6,643 images of art work to choose from. We understand the turnover is approximately £120,000 per annum with a profit margin of approximately 47%. Accounts will be made available to those seriously interested parties who have inspected the property. This is a genuine retirement sale by our client who has been in occupation for some 20 years and operates the business as a single proprietor with part time help if and when required. The opening hours are to suit, during the busy summer months this is 7 days a week and during the winter months occasional weekends. The commercial shop, basement and storage room are also equipped with a burglar alarm.

The accommodation briefly comprising:


MAIN GROUND FLOOR    TRIPLE FRONTED SHOP - Internal frontage 9.6m (31'6") Being L-Shaped with Maximum Depth 7.92m (26'0") The shop is configured into various sections as follows

MAIN RETAIL AREA 9' x 31'6" (2.74m x 9.6m). To the right:

FURTHER GALLERY AREA 8'4" x 26'1" (2.54m x 7.95m). With access to

REAR INNER GALLERY RETAIL AREA 17'2" x 11'6" (5.23m x 3.5m). On the left hand side to the rear

MAIN PROPRIETORS WORK AREA 16'2" x 12'4" (4.93m x 3.76m). With intercommunicating access to rear inner gallery area as mentioned above and also access to rear hallway. With door to outside and stairs to lower ground floor.

LOWER GROUND FLOOR    (Garden Level) A former apartment now used for storage purposes briefly comprising:

MAIN WORKSHOP 31' x 10'6" (9.45m x 3.2m).

MAIN FRAMING STORAGE AREA 13' x 12'9" (3.96m x 3.89m).

FURTHER STORAGE AREA 12'11" x 13'2" (3.94m x 4.01m). (Former kitchen)

FURTHER STORAGE AREA 2 26' x 13'2" (7.92m x 4.01m). (Formerly a lounge) for internet sales goods. With door to outside rear enclosed courtyard.

FIRST FLOOR    Apartment number 2

MAIN LANDING    With door to

INNER LOBBY

LOUNGE 14'7" x 11'8" (4.45m x 3.56m). For private owners use with access to

EN-SUITE CLOAKROOM

Apartment comprising:

MAIN LOUNGE 11'11" x 13'4" (3.63m x 4.06m). With radiator

MAIN KITCHEN 6'1" x 12'5" (1.85m x 3.78m). Comprehensively equipped.

BATHROOM/WC 6'1" x 6'4" (1.85m x 1.93m). With three piece suite and radiator.

MAIN BEDROOM 1 12'4" x 11' (3.76m x 3.35m). Radiator

FIRST FLOOR GALLERY 25'5" x 9'4" (7.75m x 2.84m). Above the shop to the right.

SECOND FLOOR

APARTMENT 2    Briefly comprising

LANDING

SEPERATE CLOAKROOM

LOUNGE 14'8" x 12' (4.47m x 3.66m). With radiator.

BEDROOM 1 11'4" x 15'5" (3.45m x 4.7m). With radiator.

BATHROOM    With two piece suite and radiator.

ADDITONAL STORE/BEDROOM 2 9'9" x 11' (2.97m x 3.35m). With radiator.

KITCHEN/DINER 12' x 13' (3.66m x 3.96m). With sky light and door to

SECOND FLOOR STORAGE ROOM 11' x 19'10" (3.35m x 6.05m). Above the shop to the right. Used as a stock room with a sky light and radiator.

AGENTS NOTE    Pavement fronting. To the rear far reaching views are enjoyed of the village and the property overlooks the rear main car park. Whilst there is no parking with the property there is ample off street parking available nearby. The current proprietor also rents a garage nearby which could be available with seperate negotiation.

VIEWING    Strictly by appointment through the selling agents.

VAT    We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC

RATEABLE VALUE    Flats - £4,200 per annum. Gallery - £10,250 per annum. UBR, as of April 2017, 47.9p in the £   Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.

WEBBERS DO NOT JUST SELL HOUSES    Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.

WANT TO KNOW MORE?    We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk


Room Details

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Floorplans


EPCs


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