The Great Oak Bookshop, 35 Great Oak Street, Llanidloes, Powys, SY18 6BW

For Sale - £215,000 for the Freehold

Residential, Retail, Retail High Street

1,901.98 sq ft

Key Features

  • Popular and profitable book shop
  • Freehold building
  • First floor flat
  • 176.7 sq m (1,902 sq ft)

Description

LOCATION

Llanidloes is a town on the A470 and B4518 roads in Powys. The town is

positioned in mid Wales, approximately 22.2km (35.8 miles) to the east

of Aberystwyth.

The property is located on Great Oak Street, at its western end and

close to the junction with Long Bridge Street. The Old Market Hall is

approximately 30 yards away and neighbouring occupiers include a

variety of local businesses, with a newsagent immediately next door.

DESCRIPTION

Formerly a weaving workshop, the property comprises a period

building of traditional construction with frontage onto Great Oak Street.

The ground floor retail premises is double fronted, with a separate

access to the first floor flat, as well as an additional access to the rear of

the shop.

The shop provides one predominantly open plan retail space with a

separate sales room to the rear housing the children's books. There is

a two storey barn to the rear of the building which holds all the second

hand books. There is a dry basement area which holds the bargain sales

area. A covered yard area links the main retail space with the barn.

The first floor flat comprises two bedrooms, a sitting room, a kitchen

and a bathroom.

The Business

Independently owned and established since 1992, the proprietors stock

all kinds of fiction and non-fiction, new and second hand, including

many local and Welsh books.

Operating with two part-time members of staff and a volunteer

sales person, the bookshop is a popular draw for tourists throughout

the summer months, as well as for a loyal clientele from the wider

environs. The business makes appearances at various exhibitions

and is known for its selection of craft books, as well as a wide variety of

cards. It has also published books on Welsh history.

The business is stocked by Gardiners and enjoys excellent profitability,

with trading accounts available upon request.

The bookshop has for many years served as a venue for folk music

evenings and author events, with authors including, amongst many

others, Jay Griffiths, George Marshall, Ofra Yeshua-Lyth, Gwyn

Griffiths, Kim Gravell, and Trevor Fishlock. Evenings of storytelling an

children's events

The Freehold interest in the property is offered for sale together with the business, at an asking price of £215,000 (exclusive). Stock will be priced separately at the date of sale.

Rateable Value 2017/18 £5,800

Rates Payable: due to the government's current policy on rates relief,

there are unlikely to be any rates to pay on the property.

Interested parties should make enquiries to the local authority.

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