• IMPRESSIVE RETAIL AND TAKE-AWAY BUSINESS

Price:

Leasehold - £25,000

Seller Ref:

b34907

Location:

Cornwall, TRURO

Business Type:

Commercial Property, Retail businesses

See Other:

Convenience stores for sale in Cornwall
Retail space for sale in Cornwall
Retail businesses for sale in Cornwall
Commercial property for sale in Cornwall

Description:

THE BUSINESS:

PRIME LOCATION IN COVERED MARKET
EXTREMELY WELL EQUIPPED AND PRESENTED
621 SQ. FT. OVER ALL (POSSIBLE SUB-DIVISION)
IMPROVING SALES WITH ENHANCEMENT POTENTIAL
NEW SIX-YEAR LEASE AVAILABLE
FIRST TIME AVAILABLE IN THIS HIGHLY SOUGHT AFTER TRADING LOCATION
The Larder occupies a corner position as one enters the market from Lemon Street and is currently configured to cover two units (5 and 6), which totals circa 621 sq. ft. (244 sq. ft. and 377 sq. ft. respectively), which makes this one of the largest operations within the market.

The Larder also has the benefit of doors opening onto a courtyard with space for three bench tables, which will be included within the Lease.

The Larder is currently trading as a delicatessen with a fine array of specialist goods and has fresh produce and meats etc.

In terms of the trade, we understand for the latest year end the turnover was in the region of £123,000 (net of VAT), which we understand represented a 7% increase on the previous year. We are acting for the owners of the building who are now looking to pass The Larder onto a prospective tenant who can enhance the current business and also add to this quality driven business.

The business is to be sold with the benefit of a new 6-year Lease on an internal repairing basis at an initial passing rental of £20,000 per annum (for both units 5 and 6), with a 3-year rent review pattern.