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BUSINESS REFERENCE : 8291 / RightBiz DEVELOPMENT OPPORTUNITY IN NORTHERN IRELAND | | | | | | Retail/Investment Opportunity Dromore, Co Tyrone Weekly t/o £24,000 GP 17% profitable vivo convenience store with redevelopment plans approved to provide cafe, off licence, replacement Chinese takeaway, new 3200 sq ft supermarket and 2 first floor unit | | | BUSINESS LOCATION: | Undisclosed County Tyrone UNITED KINGDOM | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Land & Development Companies | | SALE: | Agent Sale | FREEHOLD: | £2,100,000 + SAV | | | | | | | | | | | BUSINESS DETAILS: | Dromore Vivo is a 1,600 sq ft convenience store located in the centre of Dromore town in County Tyrone. The property is in a highly visible trading location within a popular residential area. The site spans over an acre of land and includes a Chinese takeaway, which is currently leased out. Dromore lies on the main arterial road between Omagh and Enniskillen, just 8 miles from Omagh and 15 miles from Enniskillen.
Bag A Business is delighted to offer for sale this fantastic investment opportunity. Established in 1980 and under present ownership since 2005, Dromore Vivo has steadily grown to its present weekly turnover of £24,000 achieving a gross profit of 17%. Our client has plans approved to redevelop the site to include a 2,500sqft shop, 3 new retail units and 2 offices. Rents to be achieved from these are £200 per week on the 3 ground floor units, £100 per week on the two upper units and £1,000 per week on the retail store. Annualised rents will therefore achieve a total income of approx £100,000. Currently the Chinese restaurant owner has signed a lease agreement for another twelve years. This is a solid investment opportunity and any buyers can ultimately choose to follow this or substitute their own ideas. You may, for example, be interested in running the store yourself. Projected annual gross profits of around £500,000 per year are easily achievable. Bag A Business urges prompt action on this investment opportunity as our client, an experienced investor and retailer, will withdraw this from the market within 6 months to pursue this himself. Copies of the plans are available from SBS Commercial.
FINANCIAL DETAILS
T/O: £1,300,000 approx
GP: 17% approx
OPENING HOURS
Convenience store:
Mon - Sat: 7.30am - 11.00pm
Sun: 8.30am - 11.00pm
PROPERTY DETAILS
1600 sq. ft convenience store, set over one acre of land with Chinese takeaway on site, which is to be developed.
PROPOSED DEVELOPMENT
Full planning approved for:
2,500 sq ft Shop
3 retail units
2 offices
TENURE
Freehold | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8291 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
