SUPERBLY FITTED FREEHOLD NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, CONV
Price:
Freehold - £400,000
Leasehold - £150,000
Location:
Wales, South Wales
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : No Parking Problems
IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 2,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including counter,2 tills with EPOS scanning system, modern adjustable shelving, 1 upright double door glass fronted deep freeze, 2 ice cream deep freezes (owned), 2-2.5m open cool display units (1 used for wines & beers whilst the other is used for soft drinks and sandwiches), 8 greeting card display stands with drawers etc.
Office
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £5,000 p.w. Gross profit 27% approx. In addition the business has Paypoint and we understand this provides a commission of £40/£50 p.w.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop with accommodation over at a rental of £24,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (Alternatively should the accommodation over not be required, the vendor is prepared to grant, subject to satisfactory references, a new 15 years full repairing and insuring lease in respect of the shop premises only (excluding the accommodation) at a rental of £18,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years).
Uniform Business Rates: £8,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade of shops, sought after residential area with a park and library opposite, SOUTH WALES
Winter Months i.e. October - April - 6.30 a.m. - 8 p.m. seven days per week
Summer Months - 6
The accommodation in the form of a SELF CONTAINED FLAT over, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Yard at rear with parking space for 3 cars
North Yorkshire
£ 750,000
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