Freehold DIY & Hardware Store

Key Features:

• Established DIY & Hardware Retailer
• Extensive Range of Products
• Circa 2,400 Sq Ft Retail Premises
• Prominent Norwich Road Corner Plot
• Potential for Site Redevelopment (STP)
• Paint Mixing, Key Cutting & Shoe Repair
• Operational E-Commerce Website
• Customer Parking
• Building Could be Split into 2 Units
• Lapsed Consent for 2 Flats Above

DIY & HARDWARE STORE - COSTESSEY, NORWICH

Wensum DIY is an established retail business offering a wide range of DIY, hardware, home improvement and garden products to a loyal local customer base. The business operates from prominent double-fronted premises on the corner of Norwich Road and Oval Road, with strong roadside visibility, a busy convenience store directly opposite, and a parade of shops alongside, ensuring consistent passing trade and footfall.

In addition to its broad hardware and product range, the business provides a number of specialist services including Dulux paint mixing, key cutting, shoe repairs, and gas retailing. An operational e-commerce website, linked to both the EPOS stock control system and Google Merchant, extends the business's reach beyond its physical location and offers scope for further online development.

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BUSINESS:

Wensum DIY operates from a retail floor of approximately 2,400 sq ft, fitted throughout with display units, shelving and product stands to accommodate its extensive range of home and garden goods, maintenance products and hardware. Service offerings housed within the shop include a Dulux paint mixing machine, mortice, cylinder and vehicle key cutting machines (including a recently acquired laser-cut key machine), and shoe repair equipment - all positioned behind the customer service counter at the front of the shop. The business also acts as a gas retailer, with a caged storage area to the front of the premises.

The business currently employs one member of staff, and off-site administration is handled separately. A delivery and collection service is in place for bulky materials, supported by a tipper van available by separate negotiation. Bulk aggregates are sold and delivered by the tonne, with bagged aggregates stored in an external compound to the side of the building. The EPOS till system maintains a full stock inventory and is integrated with the e-commerce website, which is linked to Google Merchant and identified as an area for expansion.

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PREMISES:

The premises occupy a prominent corner plot at the junction of Norwich Road and Oval Road, with a full-width glazed frontage offering excellent visibility from both roads. Customer parking for four to five vehicles is available directly to the front of the building. The retail space is arranged across a front section measuring approximately 12.2m × 9.1m and a rear section of approximately 12.2m × 8.39m, with a manager's office, separate WC and small kitchenette. A warm air gas-supplied space heater serves the main retail area.

The building features a flat roof to the front and rear with a pitched roof section in the middle. A side door onto the road alongside the parade is currently closed but could be reinstated. The layout is well suited to division into two separate units, and the site includes a small strip of land to the side of the car park (subject to right of way for a neighbouring fire escape), as well as the external aggregate storage compound. The entire site has an estimated rental value of approximately £30,000–£33,000 per annum.

The property is available on freehold basis, however the vendor may consider a leasehold option. Historic planning consent for residential flats above the retail unit has been noted on the planning portal, and the site offers potential for future redevelopment, subject to the relevant permissions.

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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.

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: £450,000 PLUS STOCK AT VALUATION - Currently estimated to be in the region of £90,000.

Comprising the freehold 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.

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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.