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EMPTY A5 PREMISES WITH 3 BED FLAT
Price:
Freehold - £270,000
Location:
Hampshire , Gosport
Business Type:
Commercial Property, Food Service Businesses
LOCATION:
Situated in Gosport, a borough of Portsmouth with approximately 17 miles of water frontage on Portsmouth harbour offering beaches, marinas, walks and wildlife to residents and tourists. The town is linked to Portsmouth by a foot-passenger ferry and eventually also by a proposed tram scheme linking Portsmouth, Fareham and Gosport which will provide a fast, reliable and high capacity service. Gunwharf Quays in Portsmouth is a modern development with designer shops, factory outlets and numerous bars and restaurants and a large market takes place in the High Street in Gosport on Tuesdays and Saturdays selling a wide variety of goods. The naval background of the area provides plenty of interest with The Royal Naval Museum and The Naval Dockyard in Portsmouth and in Gosport, the RN Submarine Museum and the Naval Firepower Museum. A waterfront three-day festival in Gosport brings many people to the town. Fareham, just to the north of the town, has a prestigious council hall, which provides an arts & entertainment centre providing three venues for events varying from concerts & ballets to the Royal Marine Band, films, pantomime, meetings and exhibitions.
BUSINESS:
This successful family-owned business has been in the same hands for 39 years having been set up as a Greengrocers shop by the current owner's father 39 years ago. The current owner has diversified the product range having introduced cut flowers, plants and pet foods 8 years ago.
If the Purchaser intends to create a catering business then the purchaser will acquire empty retail premises i.e. currently there is no commercial kitchen installed. There is a Fish & Chip shop and Chinese Take-Away in the parade but this CHANGE OF USE CONSENT will be the last so no other A5 businesses will be allowed. An Indian or Pizza Take Away or Fried Chicken/Kebab outlet would be popular with local residents.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The business is in a parade of popular community retail businesses including Martins Newsagents, a Chinese Take-Away, a Fish & Chip shop, a ladies' hair salon, a bookmaker, an off-licence and a Convenience Store.
The ground floor accommodation extends to 97.20 sq m including internal and external store rooms, kitchen and retail floor. It is accessed via a central doorway with large plate glass frontage protected with an electric security shutter. There is a large open-plan retail area of 54.6 sq m with produce attractively laid out on gondolas and wall mounted display racking. Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
OUTSIDE:
The parade offers a covered walk-way with plenty of free on street parking. The business also enjoys the use of the pavement for the display of plants and flowers on galvanised, all-weather racking.
There is road access to the rear of the premises with a large garage currently utilised as a dry store. A neighbouring business has extended the rear of the shop into the garage to double the retail area.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
The maisonette comprises entrance hall, fitted kitchen, lounge, dining room, separate bathroom & WC with 1 double and 2 single bedrooms currently let privately at a monthly rental of £575 per month. A spacious, carpeted lounge with gas fire and two casement windows. The maisonette has a separate rear stairway and landing.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
ENTRANCE HALL With stairs to first floor.
MIDDLE LANDING Door giving access to rear veranda area, meter cupboard.
FIRST FLOOR LANDING Skimmed ceiling, stairs to second floor.
LOUNGE 12'2 x 11 '11, tiled fireplace with cupboard to side, double doors to:
DINING AREA 10'0 x 11 '0, metal double doors to balcony area.
KITCHEN 8'8 x 8'8, wall and base units with work surface over, gas multi point water heater, larder cupboard.
CLOAKROOM Hand basin, W.C.
ON THE SECOND FLOOR LANDING
Storage cupboard.
BEDROOM 1 - 11'11 x 10'4, 2 built-in cupboards.
BEDROOM 2 - 10'11 x 10'1, built-in cupboard.
BEDROOM 3 - 8'8 x 8'4.
BATHROOM Bath, hand basin, W.C.
TENURE:
Freehold. The property is currently occupied in two separate units. The business trades independently of the maisonette which is let separately. The Purchaser would be free to sell the private accommodation and operate the business as a secure, Lock-Up unit.
RATES:
The rateable value of the business premises is £3,550 with rates of £782.77 net of a 50% Small Business Relief discount, payable in 2007/08. The domestic accommodation falls into Band A for council tax purposes.
NOTE:
This information has been obtained either from the current rate demand for the property, or by telephone from the local authority. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that. Potential buyers make their own enquiries through the local authority to check whether the rateable value remains correct and whether the rates payable will be the figure quoted above.
SERVICES:
We understand from the vendor that all main services are connected to the property.
TRADE:
Accounts produced by the Vendors accountant show turnover for the Year Ended 30 April 2006 to have reached £151,503 with gross profits of £38,488 (25%). VAT returns inspected by Adams & Co for the 12 months to 31/12/06 show net turnover of £140,890 generating gross profits of £35,222 at 25%. Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Please note that if a business is VAT registered, all figures exclude VAT.
HOURS:
Monday to Saturday 08:30 to 17:30
Sunday Closed
STAFF:
The Vendor works part-time in the business which runs under management with an annual wage bill of £19,962.
STOCK:
The vendor informs us that the value of the stock is approximately £1,000.
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs.
Community Shopping Parade
The maisonette comprises entrance hall, fitted kitchen, lounge, dining room, separate bathroom & WC with 1 double and 2 single bedrooms currently let privately at a monthly rental of £575 per month. A spacious, carpeted lounge with gas fire and two casement windows. The maisonette has a separate rear stairway and landing
North Yorkshire
£ 750,000
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