commercial property for sale in Melrose
Property highlight: Profitable e-Bike retailer in heart of Melrose.
In a fast moving market, Willow e-Bikes have established themselves as a quality and trusted dealership; with excellent contacts working alongside top global manufacturers and stockist, a forward-thinking provision of in-hand stock to carry forward into the next trading year amid current shipping delays, the business goes from strength-to-strength and fully realises the incredible local potential being situated in the heart of the Scottish Borders.
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Willow e-Bikes
This growing business, with the sector experiencing sales increased by 23% in 2020 and an anticipated 200% in the next five years; with a firm finger on the pulse of this booming industry, Willow e-bikes currently trades from their base in Melrose with a fully functioning web and social media presence also serving their clientele. The leasehold for the property currently runs to 2023 and is available with relevant permission of the landlord, negotiable for a longer term.
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Location
The ever popular Melrose retains a traditional market town feel with plenty to do - while still extremely well connected for modern requirement. The area is surrounded by historical landmarks; with Border heavy weights such Sir Walter Scott’s residence and the St Mary’s Abbey just a short walk, with the backdrop of the Eildon hills on one side, and the River Tweed to the other making it quite the idyllic spot. In addition to stunning local scenery, the well-connected area takes advantage of major road and rail links; sitting just off the A68 and A7 with connections to the recently opened Borders Railway at Tweedbank and Galashiels, as well as a local bus service. Edinburgh is within striking distance, just a swift 40 minute drive for the commuter, with the railway opening up the region for both work and leisure. Local schooling is available from nursery through to primary, with private schooling at the highly regarded St Mary’s. Melrose is also within the catchment for Earlston High School – a well-considered and popular secondary, achieving excellent academic results with great extracurricular opportunities. There is no shortage of sporting amenities from golf to tennis, football to rugby, and the town is proudly home to the world famous Melrose Sevens.
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Business
Willow eBikes is an approved dealer for Batribike, Gepida, Corratec, Raleigh, Haibike, Victoria, MBM, LaPierre and Bianchi ebikes. All brands synonymous with top quality, design and value. Shop and online sales on target for £200,000 in 2021/22. Business, leasehold interest, fixtures & fittings for sale at offers over £100,000 plus stock at valuation.
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Further Information
This profitable e-bike retailer is in the enviable position of having agencies for many of Europe’s leading manufacturers. With average sales values per bike of £1,500 – £2,000 the business is on target to sell well over 100 e-bikes this year. With global demand growing rapidly this is a market where there is no need to discount and good margins are made on every bike sold.
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Financials
This is a growing market sector where only authorized dealers can get significant stock from the manufacturers. This is an easily managed profitable business with low overheads. Net sales expected to be £200,000 in 2021/22. Stock at cost varies but can be £50,000 – £70,000. Staff: It is run by a husband and wife. Opening hours: 10am – 5pm Monday to Friday and 10am – 4pm Saturday.
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Premises
The shop extends to 90m2 (957sqft) over two floors with the ground floor being retail and office space and the upper floor being used for storage of bike stock. There are toilets on both floors. The shop has a useful outdoor space for owner’s parking and the display of bikes.
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Tenure
Leasehold. Rent £600 per month. Current lease runs until 2023 but can be extended by negotiation. Rateable value only £7,900 so no rates payable.
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Energy Efficiency
To be confirmed.
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Services
Mains water, drainage and electricity.
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Additional Information
Trading figures will be made available at the owners discretion to enquirers in a position to progress following initial viewing. The lease currently runs to 2023; the permission of the landlord to continue the lease will be negotiated by the incoming tenant.
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Viewing
To arrange a viewing contact the selling agents, Hastings Property on 01573-225999-lines open until 10pm 7 days a week.
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Price & Marketing Policy
Offers around £100,000 are invited and should be submitted to the Selling Agents, Hastings Property Shop, 28 The Square, Kelso, TD5 7HH, 01573 225999, Fax 01573 229888. The seller reserves the right to sell at any time and interested parties will be expected to provide the Selling Agents with advice on the source of funds with suitable confirmation of their ability to finance the purchase. All measurements are approximate and are taken at the widest point. Whilst these particulars have been carefully prepared, no guarantee is given as to their accuracy and they shall not form part of any contract to follow hereon.
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Borders at a glance*
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Average selling price
£213,281
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Median time to sell
33 days
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Average % of Home Report achieved
101.6%
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Most popular property type
3 bedroom house
Marketed by
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Hastings Legal - Property Department
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01573 922603
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28 The Square, Kelso, TD5 7HH
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Property reference: E442015
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