• Main road location within pleasant residential area.
• Sales shop extends to circa 300 sq.ft. (28 sq.m.)
• Turnover circa £350,000 per annum.
• Commissions from Lotto, Paypoint and ATM.
• Pleasant 1 bed accommodation above.
• Freehold offers over £120,000 plus stock at valuation.
• Leasehold asking price £40,000 plus stock at valuation.
- Freehold Price:
- £120,000 Furniture / Fixtures included
- Lease Asking Price:
- £40,000 Furniture / Fixtures included
- Sales Revenue:
- £350,000
- Cash Flow:
- Available on request
Property Information
- Property:
-
Available as freehold and leasehold
- Leasehold Rent:
-
£13,500 per annum
- Living Accommodation:
-
First Floor (living accommodation with separate access)
Lounge
Kitchen
Bathroom fully fitted with bath and shower
Bedroom double
External
Designated Parking for one car.
- Location:
-
The property is located within a busy secondary shopping area which serves this suburb approximately 2 miles to the south east of the main town centre. The immediate area comprises a mixture of retail and leisure accommodation together with densely populated residential housing. There are good levels of both captive and passing trade and the shop has the benefit of pull in parking to the front and with bus stops and a large hospital nearby.
- Premises Details:
-
This opportunity comprises a long established business which has been in the clients’ ownership for almost 20 years but is being placed on the market as they wish to retire. The premises offer a compact and easily managed retail area plus additional storage space and is fully fitted and equipped for the trade with little for any new owner to attend to on takeover. There are high levels of captive trade from the local residents and the workers from the commercial properties nearby but the main road also generates a certain level of passing trade, particularly as there is free on street parking outside. The shop has a Paypoint and Lotto outlet, all of which generate commissions and pull additional customers into the shop.
To the upper floors there is a very pleasant 1 bed flat which could be suitable for either owner occupation or could be left with the rental income should a new owner wish. Viewing is recommended to appreciate this rare opportunity and the available residential accommodation.
- Energy Performance Rating:
- C View EPC Graph for this property
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday – Saturday 6.00 am – 8.00 pm
Sunday 6.00 am – 1.00 pm
- Employees:
- The business is currently run by our client with the help of part time members of staff but ideal for owner operation
- Years established:
- 20
Other Information
- Leasehold asking price:
- £40,000 - Furniture / Fixtures included
