FREEHOLD OR LEASEHOLD VILLAGE STORE & POST OFFICE WITH RESIDENTIAL PROPERTY KIRBY CANE, NEAR BUNGAY ON SUFFOLK NORFOLK BORDER

Busy Village Store & Post Office
Freehold or Leasehold Option Available
Planning in Place for 2 Bedroom Apartment
Limited Competition Locally
Lots of New Homes due to be Built in Area
Can Include Neighbouring Residential Property
Scope to Increase Offering & Turnover
Further Development Potential STP
Premises Licence
Viewing Essential - Call to Book Now

AGENTS NOTE - FREEHOLD LISTING TO INCLUDE BUSINESS & FREEHOLD SHOP NO. 15:

£225,000.

This is a business for sale as a going concern, not an empty premises for sale or let.

PARTICULARS

We are pleased to be able to bring to the market this interesting opportunity, which will offer appeal to a broad range of buyers. The option is available to acquire either on a freehold or leasehold basis with the benefit of a new lease, together with the adjoining residential property or just the commercial shop only.

In addition, planning is already in place to convert the first floor of the commercial parts into a 2-bed apartment. This could then be used by the new owner for their own purposes or to provide an additional income.

The busy shop and property are situated in a popular village between the towns of Beccles and Bungay on the Suffolk/Norfolk border. We understand that plans are in place for the village to be expanded with the building of new homes, which one would expect would further increase the turnover currently achieved.

With clear scope to increase the value of the business and site through refurbishment and development, this is an ideal project for someone new. It would provide an income and residence from day one. With this in mind, we expect interest to be strong and would urge you to contact us at your earliest convenience if you think this may be of appeal to you.

THE BUSINESS ITSELF

The current owners have run the business for the past 16 years and have enjoyed a steady income during that period, currently in the region of £7,000 per week. In our opinion, this could be further increased by expanding the range of products offered for sale.

The Sub Post Office counter is well-utilised by the local community and provides a good level of additional income, as does the sale and delivery of newspapers. The shop also benefits from an alcohol license and sells other typical convenience products such as tobacco and the Lotto.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

Upon entering the shop, you will find the service counter to your right with an EPOS till point, together with a separate Post Office counter alongside it. There is a central display unit with shelving on three sides and further shelving on the front and side walls. The rear wall has display fridges and shelving for fresh produce and drinks. Through an opening in this wall, you can find a secondary retail area with greeting cards, alcoholic drinks, confectionery, and frozen goods. To the side of the service counter is a door leading to a further room that is not currently used for anything of note. If a new owner takes the business on a leasehold basis or with the freehold of the shop/no.15, this room will be incorporated back into the neighbouring house, no.17.

Outside to the rear is a concrete yard with an outside toilet and two good-sized storage sheds. In addition, there is a separate two-story brick building currently used for further storage on the ground floor, with upstairs divided into a further store room and office.

Above the shop are two rooms currently accessed via the adjoining house. There is planning permission in place for the conversion of the upstairs of the shop and store into residential accommodation, with the addition of a link at first-floor level between the two buildings. This will provide separate independent access to this part. Full details can be provided upon request.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

Attached to the shop is a good-sized residential property that can be included in the sale of the business if a buyer wishes. As stated in these details, it will be available as part of the whole site on either a leasehold or freehold basis. Upstairs, there are two double bedrooms and a third single room, along with a bathroom and large landing. There are two additional bedrooms above the shop, but they are accessed from the house. These will either be included or excluded from the house depending on the purchaser's requirements. Downstairs, there is a reception room with an open fireplace fitted with a wood burner, a kitchen, utility room, and conservatory. There is a gravelled front garden and a hard-landscaped garden to the rear.

FURTHER INFORMATION

REFERENCE NUMBER

T35729E-FHBS.

OPENING HOURS

7:30am to 8:00pm Monday to Saturday. 8:00am to 8:00pm Sunday.

TENURE

Both Freehold or Leasehold option available. The owner of the property is willing to consider a sale of the freehold of the whole site to include the commercial property and neighbouring residential property or just the commercial part on its own. Similarly, they would consider granting a lease of the whole site or part only.

RENT PAYABLE & LEASE TERMS

£10,500 per annum for the leasehold interest in the commercial part only.
£25,000 for the whole site to include the residential property.
5 yearly upward only rent reviews. Length of lease to be agreed but expected to be 10/15 years. Full Repairing Lease.
The purchaser will be responsible for the landlord's costs and fees in connection with the grant of a new lease.

RATES PAYABLE

Nil - The business currently enjoys the benefit of Small Business Rate Relief.

We are advised that the residential property is currently in Council Tax Band C.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC

The Energy Performance Certificate for the whole site shows an 'E' rating and a score of 114.

PRICE

£85,000 -Business only on Leasehold basis.
£225,000 - Business + Freehold Shop No. 15.
£445,000 - Business + Freehold Shop & House No. 15 & 17.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING

Strictly by appointment only, please contact our Norwich Office to make an appointment.

FINANCE

Finance may be available to suitable purchasers.

BUSINESS TO SELL?

Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING

We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?

Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01603 662662.