Freehold For Sale Of Conveince Store With 2 Bed Flat |
| Exeter Devon |
| Freehold for sale of a conveinence store with self contained 2 bed flat above.This store is currently under an ongoing lease which is active for the next 7 years and will generate an income of over £32,000 in rental with a possible £46,000 in flat rental. Freehold to buy Freehold For Sale Of Conveince Store With 2 Bed Flat is located in Devon. |
| BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 11391
ADVERT IMPRESSIONS : 18,640 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Private Sale | FREEHOLD: | £170000 | | | | | | | | | | Add this business advert to your: | | | | | | | |
| | | | | | | BUSINESS DETAILS: | This property is being run under a 10 lease with 7 yrs left to go.It is situated within 5 minute walk of Exeter city centre in the middle of a high student populated area with a reliable lease owner who is prompt and reliable with regards to rental payment.I use to operate this profitable business before selling a 10 year lease option on the ground floor store. The current proprieter has 7 years left on his lease before having to vacate the premisis. There is a refurbished 2 bed self contained flat above the property which has been let for the past 2 years.It has been fully double glazed,rewired and plumbed with a new bathroom suite and economy boiler. I am currently selling the freehold of the building due to my relocation and wish to release my capitol in the business for other business ventures. The business will generate in excess of £32,000 in rental seeing it to the end of current lease and the flat has been generating £550 pm in rent up to June 08 when it has now been vacated.
The whole property can generate in the region of £75,000 in rental income for the length of the shop lease and then would be open to either redevelopment into a student rental house or be continued as a conveince store with large living accommodation above. | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 11391 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | |
