LOCATION
The business is prominently located within the Pelham Centre, located directly off Canwick Road on the southern outskirts of Lincoln City Centre, with ample on-site car parking and within close proximity of the Bus and Railway Station and Lincoln University.

DESCRIPTION
Thriving Party/Balloon Sales/Fancy Dress Business For Sale - We are pleased to offer for sale a rare opportunity to purchase a unique thriving business prominently located within Lincoln City Centre, offering an excellent business opportunity with no nearby competition and having a large open-plan showroom with office and storage space to the rear and ample on-site car parking. The business specialises in a full range of party supplies including decorations, tableware, balloons and costumes, having been established for over 25 years and the business includes a large fully equipped showroom on Lease, together with a sign written delivery vehicle, being offered for sale as a profitable 'Going Concern'.

ACCOMMODATION
The large open-plan showroom has a frontage of 12 metres and a depth of 25.4 metres, providing for a retail sales area of 305 sq.m (3,280 sq.ft). The showroom incorporates a large retail counter and is fully equipped with shelving/racking and incorporates two customer changing rooms.

To the rear is a large storage area including a staff room with kitchen and WC facilities and a works office, extending to a further 80 sq.m (860 sq.ft) and in addition, there is mezzanine storage space above the ground floor office providing for a further storage area of 16 sq.m (172 sq.ft).

SERVICES
Mains electricity, drainage and water are connected. Heating and cooling is provided via an air-conditioning system throughout the showroom space.

EPC Rating - D

TERMS
The property is available to let by way of assignment or new Lease at a current Passing Rent of £25,000 per annum, plus VAT. Full details regarding the Lease terms are available to seriously interested parties.

OUTGOINGS
Rateable Value - £23,000 but is subject to a Retail Discount of 75% resulting in a rates payable for the financial year 2024 - 2025 of £2,869.25. Further details are available on request.

VAT
VAT to be confirmed.

LEGAL COSTS
The ingoing Tenant is responsible for the Agent's referencing fee of £120 inc VAT together with the Landlord's reasonable legal costs associated with creating/transferring the Lease.

SERVICE CHARGE
A Service Charge of circa. £2,000 per annum is payable to contribute towards the maintenance of communal areas. Buildings Insurance is also payable which is approximately £1,200 per annum.

OTHER
Stock & Goodwill - The price includes all stock and business fixtures and fittings including the delivery van. Details regarding turnover and profitability are available to seriously interested parties after having undertaken a viewing of the property and business.

VIEWING
Via prior appointment with Mundys