The property occupies a prominent corner position within this densely populated residential area. Initially a pair of semi-detached houses, the property was converted into one dwelling to incorporate a well-appointed retail unit, combined with extensive living accommodation, incorporating Six Bedrooms, Spacious Sitting Room (31ft x 11ft 5in), external tarmacadam forecourt car parking, and enclosed flagged garden to the rear.
The property has been occupied by our clients for the past 30 years, and is now being offered for sale pending their retirement.
Turnover 30th September 2018 £347,419, gross profit £70,131 plus Lottery/other commissions make a total gross figure of £81,962. Net profit approximately £64,000 for Directors salaries.
An excellent opportunity not to be missed, early viewing recommended.
PRICE: FREEHOLD PROPERTY/BUSINESS, FIXTURES AND FITTINGS:
£325,000 PLUS STOCK
LEASEHOLD OPTION - BUSINESS FIXTURES AND FITTINGS: £75,000 PLUS STOCK
PROPERTY - RENT £15,000 PER ANNUM EXCLUSIVE
Location: Hollingwood is situated to the east of Chesterfield, accessed via the A619 Chesterfield Staveley Road.
Description: The detached property is constructed of brick and tile roof, and occupies a prominent corner position, with excellent car parking within the immediate vicinity, together with tarmacadam forecourt.
The extensive accommodation is not apparent from the external appearance, and an internal inspection is recommended.
Ground Floor Sales Shop:
With suspended ceiling and fluorescent lighting, counter unit with electronic cash register, extensive gondola displays and slat wall system with further display shelving. There is a display freezer, ice cream freezer, and magazine news display. Double glass fronted chiller, refrigerated beer/wine display.
Leading off the sales unit is a lobby opening into an inner hall, off which is a stock room.
Cloakroom with WC and wash basin.
To the rear of the property there is a kitchen, having Formica work surfaces, drawers, cupboards. Fitted stainless steel sink, gas hob and oven, together with extractor canopy over.
Sitting/ Dining Room (31ft x 11ft 5in Overall), a spacious room with windows and patio doors opening onto the rear terraced garden.
From the adjoining hall there is a walk-in cupboard, additional kitchen.
First Floor Landing. Bedroom One (8ft 8in X 11ft 5in) with views to the rear. Bedroom Two (11ft 5in X 15ft 1in) with full length wardrobe cupboards. Bathroom having bath with shower over, pedestal wash basin and low flush WC. The bathroom is fully tiled. Bedroom Three (14ft 11in X 11ft 5in) (rear). Bedroom Four (11ft 5in X 8ft 9in) (rear). Bathroom No. 2 with paneled bath, pedestal wash basin and low flush WC, with over bath shower. Bedroom Five (11ft 9in X 7ft 9in) with fitted wardrobe cupboards. Bedroom Six (11ft 11in X 11ft) (front).
Outside tarmacadam forecourt parking with space for several vehicles, and an enclosed rear garden which is flagged and has two store sheds.
The shop has a CCTV system and heating to the property is provided by two separate central heating boilers. Therefore this would allow part of the accommodation to be sublet if desired.
Business: Operated by our clients for over 30 years, this represents an exceptional opportunity for a hardworking couple/family. Certainly the accommodation provides extensive living quarters, with the benefit of being extremely adaptable.
The business has enjoyed an excellent net profitability. It should be noted the business currently operates as a Limited Company, and is being sold as an asset of the company. Our clients own the freehold property independently, and therefore charge a rent to the company of £12,000 per annum. This, together with Directors salaries when added back to the net profit, show an adjusted figure of approximately £64,000.
The business can be purchased without the freehold property, offered at £75,000 (plus stock) to include the business fixtures and fittings, with a rent of £15,000 per annum for the premises.
Early viewing recommended.
Tenure: The tenure of the property is freehold.
The sales unit has a rateable value of £2,650 and is currently exempt from the payment of business rates.
The residential part of the property is listed as two separate properties – numbers 13 and 15 - allowing them to be split and rented separately, with both properties being listed within valuation band A, the rates payable for the year 2019/2020 are £1,251.03 for each property respectively.
Services: All mains services are connected. Central heating to the property is provided by two independent gas boilers.
EPC: Cedar Stores - Rating C.
13 Cedar Street – Rating D
15 Cedar Street – Rating D
Viewing: Strictly by appointment with Fishwick & Co. (01246 558995)
Is accommodation included?:
The property occupies a prominent corner position within this densely populated residential area. Hollingwood is situated to the east of Chesterfield, accessed via the A619 Chesterfield Staveley Road.