By . Jennifer Smith . London's oldest record shop and its rare collection of 25,000 albums is being sold on eBay for £300,000. Owner Tim Derbyshire, 59, has decided to sell On The Beat on Tottenham Court Road after falling interest in vinyl records has left him struggling to turn a profit. The shop, which is a stone's throw from famous music street Tin Pan Alley, has been a favourite among music enthusiasts and celebrities since the 1950s. Tim Derbyshire, Owner of One Beat Record, has put the shop up for sale on eBay after struggling to turn a profit . The shop has been put on eBay for a 'Buy It Now' price of £300,000 which includes its vast collection of music and memorabilia . Mr Derbyshire who has spent 35 years in charge of the vast collection of records, said that although he gets to meet 'the occasional pop or rock star', his time at the shop has come to an end. 'I have really enjoyed my time running the shop. I'm just so tired now. 'But even with more people buying vinyl these days, it's a struggle to make ends meet. 'I just can't do it anymore - it has been my life for so many years. It's a real opportunity to live the High Fidelity life. 'Someone will have to have a love for vinyl records in their blood to take over my shop. 'It's got a lot going for it, it just needs the right person. The shop and its entire collection of rare records and memorabilia are on sale for £300,000 . Mr Derbyshire has run the shop for over 35 years but has it is time for another music lover to take over On the Beat and its 25,000 strong collection of records . Mr Derbyshire said though he is 'so tired', he would hate to see the shop disappear after working there for so many years . 'I don’t want to see it disappear completely. I hope a wealthy benefactor or a bohemian can find the cash.' Bachelor Tim says he has already had a lot of interest in his record store, situated in the heart of the capital’s music publishing district. On the internet auction listing, he wrote: 'I’ve given it my heart and soul for all these years but it’s time for me to step down and let another passionate music lover take over. 'An opportunity to live the High Fidelity life': Tim says the whoever the new owner may be, they must have 'a love of vinyl in their blood' to keep the shop going . The astonishing music collection at On The Beat is thought to be worth around £100,000 . Among the most valuable items at the store near Tottenham Court Road are rare Beatles LPs and vintage record players . 'If you’re at the stage in your life . when you don’t have to worry about making money but can live the . bohemian life, meet interesting people every day and the occasional pop . or rock star, here’s your chance to take over the oldest record shop in . the centre of swinging London. 'A vinyl treasure trove with a pulsing, groovin’ history steeped in its very walls. You can make history and take it over!' The store, along with the entire collection of records and memorabilia, including rare Beatles LPs, and vintage record players is for sale.
On The Beat has been a favourite among London's music scene since the 1950s .
Owner, Tim Derbyshire, is selling up after spending 35 years in charge .
The store and its entire collection of rare records and memorabilia is for sale .
By . Jennifer Smith . London's oldest record shop and its rare collection of 25,000 albums is being sold on eBay for £300,000. Owner Tim Derbyshire, 59, has decided to sell On The Beat on Tottenham Court Road after falling interest in vinyl records has left him struggling to turn a profit. The shop, which is a stone's throw from famous music street Tin Pan Alley, has been a favourite among music enthusiasts and celebrities since the 1950s. Tim Derbyshire, Owner of One Beat Record, has put the shop up for sale on eBay after struggling to turn a profit . The shop has been put on eBay for a 'Buy It Now' price of £300,000 which includes its vast collection of music and memorabilia . Mr Derbyshire who has spent 35 years in charge of the vast collection of records, said that although he gets to meet 'the occasional pop or rock star', his time at the shop has come to an end. 'I have really enjoyed my time running the shop. I'm just so tired now. 'But even with more people buying vinyl these days, it's a struggle to make ends meet. 'I just can't do it anymore - it has been my life for so many years. It's a real opportunity to live the High Fidelity life. 'Someone will have to have a love for vinyl records in their blood to take over my shop. 'It's got a lot going for it, it just needs the right person. The shop and its entire collection of rare records and memorabilia are on sale for £300,000 . Mr Derbyshire has run the shop for over 35 years but has it is time for another music lover to take over On the Beat and its 25,000 strong collection of records . Mr Derbyshire said though he is 'so tired', he would hate to see the shop disappear after working there for so many years . 'I don’t want to see it disappear completely. I hope a wealthy benefactor or a bohemian can find the cash.' Bachelor Tim says he has already had a lot of interest in his record store, situated in the heart of the capital’s music publishing district. On the internet auction listing, he wrote: 'I’ve given it my heart and soul for all these years but it’s time for me to step down and let another passionate music lover take over. 'An opportunity to live the High Fidelity life': Tim says the whoever the new owner may be, they must have 'a love of vinyl in their blood' to keep the shop going . The astonishing music collection at On The Beat is thought to be worth around £100,000 . Among the most valuable items at the store near Tottenham Court Road are rare Beatles LPs and vintage record players . 'If you’re at the stage in your life . when you don’t have to worry about making money but can live the . bohemian life, meet interesting people every day and the occasional pop . or rock star, here’s your chance to take over the oldest record shop in . the centre of swinging London. 'A vinyl treasure trove with a pulsing, groovin’ history steeped in its very walls. You can make history and take it over!' The store, along with the entire collection of records and memorabilia, including rare Beatles LPs, and vintage record players is for sale.
music street Tin Pan Alley, has been a favourite among music enthusiasts and celebrities since the 1950s. Tim Derbyshire, Owner of One Beat Record, years in charge of the vast collection of entire collection of rare records and memorabilia for sale.