Seven 12 Convenience Retail Unit To Let
Price:
Leasehold - £79,995
Business Type:
Commercial Property
THE BUSINESS
The business was established as a high quality convenience store from a empty shell format. The unit has been fitted and equipped to a very high standard and offers many product lines.
The business is situated in a prime City Centre trading position and enjoys very high volumes of footfall throughout the day and night.
Due to its central position the business achieves above average gross profit margins of circa 35%.
DESCRIPTION
The Business has been fitted and equipped for the sale of: Hot Coffee, Sandwiches, Stationary, Off License, Frozen Food, Groceries, Newspaper, Magazines and General Supplies.
The business also offers the following services: ATM Cash Machine, Mobile Phone Top-Up, Western Union and Paypoint.
FIXTURES & FITTINGS
The business is equipped with the following:
ATM
Air Conditioning
Open Display Chillers x 2
Dairy Cabinet
Freezers x 3
Coffee Machine
Digital CCTV – 8 Cameras
INTERNAL DETAILS
Trading Area 1200sqft approx
Stockroom
Fully fitted kitchen
WC
Access to rear
EXTERNAL
The business fronts onto a busy main road in Bristol City Centre. The premises is surrounded by many complimentary Businesses, Offices and establishments such as: Colston Hall, The Hippodrome, Bristol Theatre, The City Harbour, Restaurants and Bars.
TERMS, TENURE & RATES
We have been advised the premises is held on a 15 year lease which commenced in 2010, with an annual rent passing of £31,500. Formal rent reviews are conducted every 5 years.
We have also been advised that the business rates payable per annum by our client is circa £9,000. This figure however can be subject to change and different for individual operators. We therefore advise you carry out your own due diligence in relation to this.
TRADING INFORMATION
We have been advised by our client that the average gross weekly turnover for the business is £10,000.
Further trading information including a breakdown of the income streams, will be available after a formal viewing has been conducted.
VIEWING ARRANGEMENTS
All viewing arrangements are to be made via Belleveue Mortlakes. Please contact Cherelyn Elbourne on 0208 3709247 to arrange.
TERMS, TENURE & RATES
We have been advised the premises is held on a 15 year lease which commenced in March 2009, with an annual rent passing of £31,000. Formal rent reviews are conducted every 5 years.
We have also been advised that the business rates payable per annum by our client is circa £10,000. This figure however can be subject to change and different for individual operators. We therefore advise you carry out your own due diligence in relation to this.
The business currently trades the following hours:
Monday - Thursday 07:00 to 00:00
Friday & Satu
North Yorkshire
£ 750,000
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