The well established business trading as:

 

SINCLAIR OFFICE SUPPLIES

 

from premises at

·        71-75 John Street, Stromness, KW16 3AD

and

·        25 Bridge Street, Kirkwall, KW15 1HR. 

 

Busy retail and commercial stationers; two prominent high street locations; consistently good turnover with excellent profit margins. 

 

OFFERS OVER £115,000


25 Bridge Street, Kirkwall

Retail area: 38'6" x 14'4"

Located on the busy main thoroughfare with good footfall, the shop has a spacious and well laid out retail area with large illuminated display windows.  Fitted out in slatwall with 2 large gondola display units and a glass fronted counter.  Public car park conveniently located to the rear of the premises.


Manager's Office:
10'3" x 5'6"

Desk; filing cabinet; PC terminal; CCTV terminal; wall safe and shelving units.


Toilet:
7' x 4'8"

With w.c. and whb.


Rear Store:
  20'2" x 13'2"

Shelved up to ceiling along three walls to maximise storage space.  Workbench; sink; immersion; kettle; fridge; microwave oven and cupboard.  Rear fire door for deliveries.

 

71-75 John Street, Stromness

 

Ground floor:

Retail area:    28' x 17'8"

Located on a busy street with free parking bays directly outside.  The shop has a front retail area with large illuminated display windows.  The retail area is fitted out partially in pegboard with 2 large gondola display units and various wall units plus a spacious counter.


General Office:  15'9" x 8'10"

With built-in desking and cupboards along two walls.  Large safe; PC terminal; convector heating and a window onto the street.


Manager's Office:
  9'8" x 7'6"

With built-in desking and cupboards; convector heater; PC terminal and windows overlooking loading bay.


Inner Store:
  24'2" x 13'7"

Shelved along three walls with a gondola; PC terminal; printers.  Used for checking in goods as well as storage of stock.


Outer Store:
                    18'10" x 15'8"

With double doors leading to the loading bay, this is the main goods inwards and dispatch area.  Also used for storage of larger items.


Toilet:
   6'3" x 5'2"

With w.c.; whb; heated towel rail; hand drier and over sink instant water heater.

 

First Floor:
 

Picture Framing Workshop:      37'3" x 25'10" 

Spacious professional workshop, accessed from shop area or via external metal staircase.  Heated by two wall mounted halogen heaters.

 

Top Floor:


General Store:
   27'11" x 14'10"

With direct outside access to the south of the building.  Used primarily for archiving.  Also for displaying office furniture and occasional print finishing.

 

 

 

 

 

 

 

 

External:      41'2" x 10'10"

A covered loading bay and parking area with external light.  Accessed from main street and outer store.

 

GENERAL DETAILS:


Turnover:

The turnover for the year ended 30th September 2014 was £486,190 net of VAT.  Accounts will be made available to genuinely interested parties at the sole discretion of the seller.


Staff:

There are currently 3 part-time and 4 full-time staff employed between the two shops.


Stock:

To be purchased at valuation.  Stock values at September 2014 were approximately £74,000.


Details of Leases:

The Kirkwall shop is held on a 10 year full repairing and insuring lease granted in 2008 at a rent of £10,000 per annum plus VAT.  Rent reviews every 4 years.

The Stromness shop will be leased on terms to be negotiated.  The current valuation is £9,600.00 per annum. 

 

Rateable value (2010):

Kirkwall shop:               £9,900

Stromness shop:            £8,700

 

Trading hours:

Kirkwall shop:                                                 Stromness shop:

Monday to Friday:        9am - 5pm;                Monday to Friday:    9am - 5pm

Saturday:                       10am - 5pm               Saturday:                   10am - 1pm; 2pm - 5pm

 

Price:                                                  Offers over £115,000 plus stock at valuation are invited.       

Items included in the sale:                The moveables throughout together with 2 vans will be included in the sale with the exception of the seller's personal belongings. An inventory of the moveables and fixtures and fittings included in the sale is available.

Viewing:                                             By appointment with the selling agents.                                

Services:                                             Mains water, drainage and electricity; telephone.

Date of Entry:                                   By arrangement with the seller.              

History of Business:                          See paper attached.

Offers:                                                 Written offers should be lodged with the selling agents.

 

 

Only those who have formally noted interest through a  Scottish solicitor will be advised of any closing date for offers. 

 

While the above particulars are believed to be correct they are not warranted and should not be referred to in any missives or conveyance of the subjects.

 

J.E.P. Robertson & Son

Solicitors and Estate Agents

26 Victoria Street, Stromness, Orkney KW16 3AA

Tel:  01856 850232          Fax: 01856 851085

Email: enquiries@jeprobertson.co.uk     Web: www.jeprobertson.co.uk