The former K and C Jewellers property now available for £150,000 after price cut.
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The retail landscape in Ellon is witnessing a notable shift as the former K and C Jewellers unit has seen a substantial price reduction. Originally listed at £195,000, the asking price has now been slashed by £45,000, bringing it down to £150,000.
This change, announced by Raeburn, Christie, Clark and Wallace, represents a 23% decrease in the property’s market value.
Background of the property and its closure
The K and C Jewellers, a well-known establishment in Ellon, closed its doors permanently in July 2024.
Owner Kevin Reid decided to retire, leaving the prominent retail space at 2 Bridge Street vacant for nearly a year. The closure has created a noticeable gap in the town centre, as the unit has remained unoccupied since then. Reid’s step-son, Jake Davidson Harold, has since opened his own jewellery business in Peterhead, named Davidson’s, but the absence of K and C has been felt by the local community.
Details of the retail unit for sale
The property, now available for purchase, boasts a well-preserved front room that features ample natural light through generous windows and a charming tartan carpet. Additionally, the unit includes a backroom equipped with a large metal safe, a locker, and shelving, making it suitable for various retail purposes. A bathroom is also part of the premises, adding to its functionality. This retail space presents an attractive opportunity for potential buyers looking to establish a business in a prime location.
Market implications and future prospects
The significant price reduction indicates the challenges faced in the current retail market, particularly in smaller towns like Ellon. With the property remaining unsold for an extended period, the price adjustment aims to attract potential buyers who may have been deterred by the initial listing. Interested parties are encouraged to reach out to the solicitors at Raeburn, Christie, Clark and Wallace for further inquiries regarding the sale. As the retail environment continues to evolve, this property could represent a fresh start for a new business venture in the heart of Ellon.
