Business for sale

Business description

Cupid Homes are pleased to offer this very impressive retail shop for sale on a long lease,situated in a prominent main road location this is a well established business popular with the local residents & businesses,current average weekly takings are stated to be circa £5.000pw with 1 bed self contained flat
Key features:

* Main Road Location + Corner Position
* Recently New Refitted
* Grocers + Off Licence + General Store
* CCTV- Tiled Flooring- New Fixture & Fittings
* 1 Bed Self Contained Flat Included In Rent-Producing £4800

* Rent Only £8400 P.A Including The Flat
* www.cupidhomes.co.uk ---- 01162 988 555
* VIEWING HIGHLY RECCOMMENDED

Letting information
Date available: Now
Furnishing: Furnished
Letting type: Commercial
Full description:

IMPRESSIVE DOUBLE FRONTED CORNER LOCATION SALES SHOP. Recently newly fitted at we understand a cost of approx. £60,000, with ceramic tiled floor, concealed fluorescent lighting, equipment includes modern adjustable shelving, glass toped chest freezers, two open dairy cabinets one used for dairy products/soft drinks while the other one is used for wines, beers, larger, cctv, slated walls, wooden wine rack, etc.

Staff cloakroom with W.C. and wash hand basin.

Turnover WE ARE INFORMED the turnover currently averages £4900/5200 p.w. in our opinion offering tremendous potential for further increase in the right hands; In addition the business has further revenue from Paypoint which we understand provides a further income in form of commission.

Staff The business is at present operated by the vendor with the assistance of his family.

Opening Hours 9.00 a.m. - 10.00 p.m. six days per week Sunday 10.00am -10.00p.m

Accommodation The accommodation in the form of a self contained one bed flat over with gas central heating, double glazing and is at present let on a shorthold tenancy at a rental of £400 per month producing additional income of £4800 p.a. The accommodation comprises:
1 bedroom
Bathroom with bath, electric shower, w.c. and wash hand basin
Lounge
Open plan dining room/kitchen (fully fitted)

Outside Yard at rear of the flat and car parking space for 2 cars on the side.

Tenure We understand the premises are held on a 15 years lease from the 2 July 2010 at a rental of £8400 p.a. exclusive of rates for the first 3 years with rent review every 3 years.

Uniform Business Rates: £1200 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price TO INCLUDE THE SECURE LEASE,GOODWILL,FIXTURE & FITTINGS £45.500 Plus STOCK AT VALUATION (£15.000/ £20.000 approx)

Free Valuation

We would be happy to provide you with a free market appraisal/valuation of your own property, should you wish to sell or rent. Please speak to one of our staff to arrange a mutually convenient appointment.