Spacious mainly Freehold well fitted SELF SERVICE CONVENIENCE STORE (including Polish, Asian, Indian, Srilanken and Chinese Foods) plus FRUIT & VEGETABLES & FULL FREE OFF LICENCE
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WE ARE INFORMED the turnover averages £21,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx.
Price
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY TO INCLUDE THE 2 FLATS OVER AND ADJOINING LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £1,300,000 million plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
SPACIOUS SALES SHOP with multi display windows. Total sales area in the region of 4,000 sq. ft. (it should be noted that the majority of the property is freehold, however, there is an adjoining and intercommunicating shop of approx. 800 sq. ft. included in the overall sales area which is held on lease with a current rental of £13,500 p.a. exclusive of rates payable.
Large front forecourt area utilised for display of fruit and vegetables.
The SPACIOUS SALES SHOP has 3 entrances, suspend ceiling with concealed lighting and is fully equipped including 8 large glass topped chest display deep freezes, 3.75m open cool display unit, checkout counter, 3 tills with EPOS scanning sytem, modern adjustable shelving, display gondolas, fully equipped butchery department. CCTV system with 16 cameras, 2 monitors plus DVD recording.
Large stockroom, walk-in coldroom
3 staff w.c's with wash hand basins
Staff
The business is at present operated by the owner with the assistance of 3 full time and 2 part time staff.
Opening
Hours
7 a.m. - 9 p.m. seven days per week
Accommodation
The accommodation in the form of 2 SELF CONTAINED FLATS over both at present let on shorthold tenancies, however, we understand vacant possession can be given on completion.
Flat No. 1 is at present let on a shorthold tenancy and provides a rental income of £900 per month. This flat is DOUBLE GLAZED and comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Dining Room
Kitchen
Flat No. 2 also at present let on a shorthold tenacy and provies a rental income of £800 per month, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Outside
Service road at rear of parade
Tenure
As stated the majority of the property is Freehold, however, an intercommunicating adjoining shop comprising approximately 800 sq. ft. is held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £13,500 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £21,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS SELF SERVICE CONVENIENCE STORE COMBINED WITH FULL FREE OFF LICENCE WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
