FOR SALE - DM Hall · facing brick construction with a mansard style slate roof. Internally, the...
Transcript of FOR SALE - DM Hall · facing brick construction with a mansard style slate roof. Internally, the...
businessdmhall.co.uk
FOR SALEICONIC INTERNATIONAL TARTAN BRAND
Strathmore Woollen Co. LtdStation Works, North Street, ForfarAngus, DD8 3BN, Scotland
Commercial DepartmentUnit 34, City Quay, Camperdown Street, Dundee, DD1 3JA 01382 873100
INTRODUCTION:Due to the planned retirement of the principal Directors of
this long established textile company, this unique business
and associated premises are being brought to the market.
The family owned business has traded for around 30 years
serving a substantial customer base throughout the UK
together with a significant level of international sales. The
company operates from extensive modern premises in
Forfar and benefits from strong and loyal members of staff.
The purchase of this business, which shows a consistently
rising turnover, offers an excellent opportunity for further
development of this unique heritage product and iconic
brand.
LOCATION:Forfar is the main administration centre for the Angus Council
area with the town lying adjacent to the A90 Dundee to
Aberdeen road enjoying excellent transport links to both
cities. The town has a resident population of 14,000 and
serves a large surrounding rural area.
The subjects occupy a prominent corner site off the east side
of North Street at its junction with Service Road, to the north
of Forfar town centre. This is a mixed residential and light
commercial area with the property well placed to the usual
local amenities and facilities.
The location of the premises is shown on the undernoted
plan.
DESCRIPTION:The business is contained within a two storey detached
building, purpose-built in the 1970’s and predominantly of
facing brick construction with a mansard style slate roof.
Internally, the extensive accommodation extends to around
453 sq m (4,870 sq ft) with the majority of the premises
occupied by Strathmore Woollen Co. Ltd, although part of
the first floor office space is let separately at a passing rent of
£10,000 per annum.
The internal accommodation can be summarised as follows:
Ground Floor: Entrance Hall, Reception, General Office,
Showroom, Work Room, Store, Fabric Store, Boiler Room and
Toilet.
First Floor (Strathmore Woollens): Landing, Store, Work
Room, Office, 2 Stock Rooms, Kitchen and Toilet
First Floor (Tenanted):
Landing, Large Open Plan General Office, Private Office,
Board Room, Kitchen, Shower Room and Toilets.
A surfaced car park is provided to the front of the building
for around 12 vehicles with additional rear servicing facilities.
ASSESSMENT:We have consulted the Tayside Assessor’s website (www.
saa.gov.uk) and note that the premises are entered in the
current Valuation Roll as follows:-
Shop etc, Rateable Value: £8,700
Office Rateable Value: £9,900
The Uniform Business Rate for the financial year 2013/2014
is 46.2p.
Small Business Relief may be available and this should be
checked with Angus Council.
ENERGY PERFORMANCE RATING:A copy of the Energy Performance Certificate will be made
available to interested parties. The EPC grading is C.
GENERAL REMARKS:This long established and profitable Scottish company is
an iconic tartan brand with the business benefitting from an
experienced and loyal workforce. The family run business
enjoys an excellent reputation within the industry with an
extensive and supportive customer base throughout the UK
and internationally.
Our clients have indicated that they would be prepared to
assist following the transfer of the business, if required, on
a short term basis. Further more detailed information on
the business will be given to prospective purchasers on an
individual basis.
VIEWINGS:Viewing is strictly by appointment and can be arranged via
the Marketing Agents.
REFERENCE:JGH/A22/TCP00584
FINANCE/BUSINESS MORTGAGESD M Hall is in regular contact with specialists involved in
the financing of business and property purchases in Scotland
and would be happy to effect the necessary introductions if
required.
DATE OF PUBLICATION:January 2014
CONTACT:[email protected]
BUSINESS:Strathmore Woollen Company Limited is a quality and well
established business which has operated under the same
family guidance for around 30 years with the proposed sale
due to the retirement plans of the principal Directors.
It is our clients’ preference to effect a sale of the business
and premises as a single entity however consideration may
be given to selling the business element and leasing the
heritable property.
Despite the recent difficult economic and market conditions,
the company has continued to trade well and profitably with
a significant increase in turnover during the last trading
year. Turnover levels have consistently been in excess of
£700,000 and an Accounts Summary will be made available
to interested parties after viewing and confirmation of a
continuing formal interest.
PRICE:Our clients are seeking offers in excess of £350,000 for the
heritable property interest together with the trade fixtures,
fittings/equipment and business goodwill.
Stock will be purchased separately at valuation.
OFFERS:All offers should be submitted in Scottish legal terms to D M
Hall LLP
ENTRY:Early entry can be given on conclusion of legal formalities.
IMPORTANT NOTEDM Hall for themselves and for the vendors or lessors of this property, whose agents they are, give notice that:
(i) The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.(ii) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intended purchasers or tenants should not rely on them as statement or
representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.(iii) No person in the employment of DM Hall has any authority to make or give any representation or warranty whatever in relation to the property.(iv) All prices, premiums and rents quoted are exclusive of VAT.(v) The information contained in these particulars has been checked and, unless otherwise stated, it is understood to be materially correct at the date of publication. After these details have been printed, circumstances may change outside
our control.(vi) These particulars are provided for record purposes only and are not intended to create, nor to be relied upon as creating, any contractual relationship or commitment. Any contract shall only be entered into by way of our clients’ solicitors.