Virtually Freehold (120 Years Unexpired - Nominal Ground Rent Of £10 P.a. Fixed). Semi-detached Self Service Convenience Store, Counter News, Confect | | Undisclosed Gloucestershire | | Double fronted medium sized Sales Shop approx. 550 sq. ft. sales area with ceramic tiled floor, fluorescent lighting. The equipment includes adjustable shelving, 2 glass topped chest deep freezes, 2 upright single door display fridges, 1 upright double door display fridge, electronic cash register, electronic scales. Small stockroom Staff cloakroom with w.c. and wash hand basin | | ADVERT NUMBER : 26161
ADVERT IMPRESSIONS : 22,929 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £175000 | LEASEHOLD: | £175000 | | | | | BUSINESS DETAILS: | Location Situated residential estate, sought after GLOUCESTERSHIREOpening Hours Monday - Saturday inclusive - 7.30 a.m. - 6.30 p.m.
Sunday opening - 8 a.m. - 1 p.m.Turnover WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £400 p.w. Gross profit 20% approx.Tenure We understand the property is leasehold having approx. 120 years unexpired at a nominal ground rent of only £10 p.a. fixed for the whole term plus service charge.
Uniform Business Rates: £500 p.a. approx. (after small business relief)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSEPCTIONPrice OFFERS INVITED TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £175,000 plus STOCK AT VALUATION (£8,000/£9,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of £450 per month, however, we understand that vacant possession can be given on completion. The accommodation is DOUBLE GLAZED has FULL GAS FIRED CENTRAL HEATING, and comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge/Dining Room
KitchenOutside Small garden approx. 30ft x 30ft with lawn
Car parking space for 3 carsStaff The business is at present operated by the vendor with the assistance of 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
