Knight Frank is pleased to offer for sale an outstanding Business and Freehold opportunity being the 'Riverview Nursery'.
Located in the idyllic semi-rural setting of Don (just west of Devonport), the Riverview Nursery enjoys a high profile as a destination for traditional nursery products well combined with its onsite cafe, homewares, giftware and furniture. Its easy access and large on-site car park ensure its ability to compete with other operators in the sector by providing a 'destination retail experience' which caters well for its customers encompassing both locals and tourists alike.
Situated on land of approximately 24,700 sqm, the freehold property is ample in future proofing the likely land requirements of the business for many years and also provides a potential source of additional revenue via the leasing of surplus land and buildings. The property is further enhanced by the main buildings comprising the retail building, cafe, display yard, glasshouse, covered walkways, shade structures and back of house storage, growing areas and storage yards.
Originally established circa 1980, the current owners acquired the business and freehold in early 2011 with a vision to create a destination experience providing a mix of complimentary offerings whilst maintaining its reputation for a high standard of green life.
The obtainment of this vision and the expansion of the business to include a licensed cafe circa 2012 has seen continued growth in revenue and a diversity in income streams across the business.
The sale of business and property as a going concern, provides a rare opportunity to purchase a substantial landmark property and business located close to an established city with strong tourism and agricultural links. As part of this process the Vendors will also consider a sale of the business component only, with a lease to be negotiated with the new operator over the freehold land and improvements.
For further details or to inspect the property, please contact Nicholas Bond of Knight Frank.
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