DIY & Hardware Store (Freehold or Leasehold)

Key Features:

• Established DIY & Hardware Retailer
• Extensive Product Range
• Approx. 2,400 Sq Ft Retail Premises
• Prominent Norwich Road Corner Plot With Parking
• Available Leasehold or Freehold
• Redevelopment Potential (Freehold Only, STP)
• Potential to Divide into Two Units
• Lapsed Consent for Two Flats Above
• Paint Mixing, Key Cutting & Shoe Repairs
• Operational E-Commerce Website

FREEHOLD OR LEASEHOLD DIY & HARDWARE STORE COSTESSEY, NORFOLK

Wensum DIY is a well-established independent retailer offering an extensive range of DIY, hardware, home improvement and garden products to a loyal local customer base. The business occupies prominent double-fronted premises at the junction of Norwich Road and Oval Road, benefiting from excellent roadside visibility and steady passing trade. Its position opposite a busy convenience store and alongside an established parade of shops further enhances footfall and local awareness.

The core retail offering is complemented by several specialist services, including paint mixing, key cutting, shoe repairs and gas retailing. An operational e-commerce website, supported by integrated stock-control systems, extends the business beyond its physical location and provides a strong foundation for further online growth.

With multiple income streams, established systems and scope for continued development, Wensum DIY represents an attractive opportunity for an owner-operator or an existing retailer looking to expand into a strong local trading position. The business is available either with the freehold property or on a new leasehold basis, providing flexibility to suit the purchaser's requirements.


BUSINESS:

Wensum DIY offers an extensive range of home and garden supplies, maintenance products and general hardware. Additional services include Dulux paint mixing, shoe repairs, gas sales, and the cutting of mortice, cylinder and other household keys - including precision cutting with a recently acquired laser key-cutting machine.

The business employs one member of staff, with administration managed separately off-site. A delivery and collection service is available for bulky goods, while aggregates are supplied and delivered by the tonne. A tipper van is available by separate negotiation.

A fully integrated EPOS system provides stock control and connects directly to the operational e-commerce website and Google Merchant. The online operation offers significant scope for further development.


PREMISES:

The premises provide approximately 2,400 sq ft of retail space, fitted with shelving, display units and product stands throughout. The front retail area measures approximately 12.2m × 9.1m, with a further 12.2m × 8.39m to the rear. Ancillary accommodation includes a manager's office, separate WC and kitchenette.

A full-width glazed frontage provides excellent visibility from both Norwich Road and Oval Road, while forecourt parking accommodates approximately four to five customer vehicles. A secure gas-storage cage is located at the front of the property, with an external compound for bagged aggregates positioned alongside the building.

The property comprises flat-roofed front and rear sections with a pitched-roof section at its centre. The main retail area benefits from gas-fired warm-air heating. A currently unused side entrance could be reinstated, while the existing layout offers scope to divide the premises into two separate retail units. The site also includes a small strip of land beside the car park, subject to a right of way serving a neighbouring fire escape.

The property is available either freehold or leasehold. A new lease is offered on terms to be agreed, at an annual rent of £33,000 for the entire site. Lapsed planning consent for two residential flats above the retail premises is recorded on the planning portal. The freehold site also offers further redevelopment potential, subject to obtaining the necessary consents.


KEY INFORMATION:

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

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: D36475E.

OPENING HOURS: Monday to Saturday, 8:30am to 5:30pm. Sunday & Bank Holidays, 10:00am to 4:00pm.

TENURE: Freehold or Leasehold (a new lease is to be granted to the purchaser on terms to be agreed.)

RENT PAYABLE (LEASEHOLD ONLY): £33,000 per annum.

The purchaser will be responsible for the landlords costs and fees in connection with the grant of a new lease.

RATES PAYABLE: £3,532.93 for the 2026/2027 financial year.

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.

STAFF: 1 full-time member of staff. Correct at the time of listing.

EPC: The Energy Performance Certificate shows a rating of 'D/80', full document available on request.

PRICE:

FREEHOLD: £395,000 PLUS STOCK AT VALUATION.

LEASEHOLD: £45,000 PLUS STOCK AT VALUATION.

Stock is currently estimated to be in the region of £90,000.

Comprising the freehold or leasehold interest, business goodwill, fixtures, fittings, and equipment. Stock to be purchased separately at valuation upon completion. Business offered for sale as a going concern and not as a vacant premises.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our specialty. If you're curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.


DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.

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