Off License and Convenience Store for Sale in Barnsley with Owner's Accommodation and Flats
Barnsley, South YorkshireEst. 27 years
- Status
FOR SALE
- Advert ID
658539
- Reference
591794 / Rightbiz
- Call Agent:
- Leasehold: £400,000
- Turnover: £247,000 (£4,750 per week)
- Profit: Not Applicable
Business Details
Off License & Convenience For Sale in Barnsley
CONVENIENCE STORE WITH THREE SELF-CONTAINED FLATS PLUS OWNERS ACCOMMODATION in Wombwell for SaleAn excellent opportunity to acquire a substantial convenience store investment occupying a prominent trading position within the popular South Yorkshire town of Wombwell. The property comprises a well-established ground floor convenience store together with three self-contained one bed residential flats plus owners accommodation (which could also be self contained if not required), creating a mixed-use asset with significant income and investment potential.
The property is situated just off a busy roundabout in this densely populated residential / industrial area loads of industrial units and residential housing all around.
The ground floor retail premises benefits from strong roadside visibility and serves the surrounding residential community, offering a wide range of everyday convenience goods.
The spacious sales area is well presented and supported by ancillary storage and staff facilities.
There are three double bed self-contained flats (with kitchen, lounge and bathroom) – Flat Two and Flat Three are rented out at £500 per month each (market rent is higher) and the owner occupies Flat One but could be rented out if required. The flat income provides additional income enhancing the overall attractiveness of the investment.
Flat One adjoins the sales shop and could be knocked through (subject to any necessary consents) to provide a substantially larger retail area – viewing essential to appreciate the potential available.
The residential accommodation offers scope for owner occupation, long-term letting or further income generation, subject to the purchaser’s requirements.
Large head high cellar for storage.
Externally yard area with parking for a number of cars.
The shop currently takes £4,500 to £5,000 per week but could do much more, especially with increased retail shop space. Our client currently runs the business himself with his daughter and one member of staff.
This is a rare opportunity to acquire a mixed-use freehold property combining a retail business presence with residential accommodation under one title. The property would suit owner-operators, investors seeking diversified income streams, or developers looking to maximise future potential.
Our client is only selling due to retirement after over 26 years here.
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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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