Profitable virtually Freehold Spacious Modern (built 1960's) (Leasehold Property 125 years unexpired at a Ground Rent of £10 p.a. fixed) SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE.
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WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 20% approx. In addition, the business has Paypoint and we understand this provides a commission of approx. £100 p.w.
Price
TO INCLUDE TO INCLUDE THE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION (£25,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
SPACIOUS DOUBLE FRONTED SALES SHOP approx 800 sq. ft. sales area, in our opinion could be enlarged, if desired, with lino floor, fluorescent lighting. 2 Air Conditioning Units. Fully equipped including counter, 1 till with scanning, modern adjustable shelving, centre display gondola, 4 glass topped chest deep freezes, 1 open cool display cabinet, 3 upright double door drinks display fridges (including 1 on loan from Lucozade), in-store bakery etc.
2 Stockrooms with shelving
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by a husband and wife team with the assistance of 2 part time staff.
The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
Outside
Large Garden. 2 Garages
Tenure
THE PROPERTY IS LONG LEASEHOLD, WE UNDERSTAND HAVING APPROXIMATELY 125 YEARS UNEXPIRED AT A GROUND RENT OF ONLY £10 P.A. FIXED FOR THE REMAINDER OF THE TERM.
Uniform Business Rates: £3,220 p.a. + water rates
