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Freehold Convenience Store in Nuneaton Warwickshire Offering Rental Income and Development Opportunities

Nuneaton, Warwickshire

CONFIDENTIAL SALE

  • Freehold: £390,000 (Stock at valuation)
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Key Features

  • Offers Invited
  • Ideal for Full Refurbishment
  • Established Business

Business Details

Freehold Convenience Store with Rental Income & Development Potential

Guide Price: £390,000 ( Negotiable) Stock at Valuation (SAV)

Location: Nuneaton

Scenario 1: Run the Shop plus Rent Out Rooms (As-Is)

Perfect for an owner-operator looking to run the shop and earn passive income from the residential part.

Shop (approx. 420 sq ft):

• Current turnover: £3,000–£3,500/week

• Previously reached £6,000/week when Uber Eats & Just Eat were used (limited trial)

• Huge potential to grow with delivery apps, full product range, better hours & local marketing

• Option to let out shop for £500–£600/month if you prefer not to run it

 

Residential (Room Rental Setup):

• 4 bedrooms upstairs

• 1 ground-floor room

• Conservatory/stockroom could become a 6th room

• Potential rent: £450–£500 per room

Rental Income Potential (6 Rooms): £2,700–£3,000/month

Total Income (Monthly):

• Shop run plus Room Rentals: Up to £3,000

• Shop rented plus Room Rentals: £3,200–£3,600

Annual Income Potential: £36,000–£43,200

Gross Yield (on £390k): 9.2%–11%

Scenario 2: Develop & Maximise Value (Investor/Developer Route)

For developers seeking to add value and boost rental yield (STPP).

Potential Plans:

• Extend shop to over 1,000 sq ft (L-shape layout)

• Retain 5-bedroom rental setup

• Convert rear yard & garage into 3 x 2-bed flats or multiple 1-bed flats (STPP)

Estimated Post-Development Rents:

• Shop (larger): £1,200–£1,500/month

• 5 bedroom rental set up: £2,250–£2,500/month

• Flats: £2,550–£2,700/month

Total Monthly Income: £6,000–£6,700

Annual Rent Potential: £72,000–£80,400

Projected GDV (Post-Development):

• Flats (3 x 2-bed): £480,000–£510,000

• Extended Shop plus room rentals: £370,000–£420,000

Total GDV: £850,000–£930,000

Development Cost Estimate: £220,000–£240,000

Highlights:

• Freehold

• Large rear plot with development space

• Rear garage access

• Great location: close to a former factory units now occupied by other industries, Nisa & local shops

• Strong rental and resale demand

• Big uplift potential with improved shop operation or redevelopment

. Extended shop will outperform competitors, especially with added delivery options and proximity to other industries occupying the former factory units.
 

*All figures are estimates and for illustration only. Subject to planning approval. Buyers must carry out their own due diligence.*

 

Important Notes:

Finder’s Fee Applies Once an offer is accepted

Non-Refundable Deposit Required to secure the purchase

Proof of Funds may be required before an offer is considered

 

Serious inquiries only. Contact Bal 0n 07399815289 (Fast Property Hub) today for more details.

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Listing Statistics

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This listing has been withdrawn from the market. We're currently awaiting confirmation from the seller. Please check back soon for updates.

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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