Convenience Stores for sale in Portsmouth

View the "Convenience Store & Subway Franchise,*Freehold or Leasehold*, with 2 S/C Flats or Lock-Up, Residential Outskirts of Portsmouth, Hampshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Convenience Store & Subway Franchise,*Freehold or Leasehold*, with 2 S/C Flats or Lock-Up, Residential Outskirts of Portsmouth, Hampshire

Portsmouth, Hampshire, England

  • Freehold Price: £665,000
  • Leasehold Price: £225,000
  • Annual Turnover: £745,226
Seller Reference: GC3713
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Business Description
 
 
 
 
 
 
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Seller Reference: GC3713
Request Details
Business Description
NISA LOCAL CONVENIENCE STORE & SUBWAY FRANCHISE, *FREEHOLD WITH 2 S/C FLATS OR LOCK-UP WITH A NEW LEASE*, PROM. MAIN RD CORNER SITE, AMIDST RESI NEIGHBOURHOOD, OUTSKIRTS OF PORTSMOUTH, HAMPSHIRE. Showpiece shop (approx. 1,900 sq.ft). Fitted out in March 2015 at a cost of £160,000. Optional 2 S/C Flats both let on ASTs produce income of £14,340 p.a. Family run. Retail T/O £14,000 pw + Nat Lott & Pay Point etc. GP 18%. Subway takings £4,000 pw. GP 63%. Accounts Rec. Combined T/O of £745,226. - Either £665,000 + S.A.V. FREEHOLD with 2 s/c flats OR for the L/U shop with a new lease @ £26,000 p.a.x. - £225,000 + S.A.V. (Ref. GC.3713). PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com
Trading hours:
Both businesses are open 7 days a week – the Convenience Store opens at 6.30 am (7.30 am on Sunday), closing at 10.00 pm and the Subway opens at 7.00 am (8.00 am on Sunday) and closes at 9.30 pm.
Number of employees:
Family run with 2 full-time & 2 part-time staff.
Tenure:
Leasehold, Freehold
Is accommodation included?:
Offering excellent owners or staff accommodation, the two self-contained flats are approached via a separate entrance and comprise: Flat 1 - a spacious one bedroom apartment with a living room, a bathroom and a kitchen. Flat 2 - has 2 good size bedrooms, a large sitting room, a bathroom and a kitchen. We understand that both flats are well maintained and are currently let on Assured Shorthold Tenancy Agreements for £500 and £695 per month respectively.
Number of bedrooms:
3
Location Details:
Occupying a prominent corner site, fronting a busy main road, amidst a thickly populated residential neighbourhood, on the outskirts of Portsmouth. Enjoying both a regular local and passing trade, being situated close to a secondary school and college, with the benefit of ample on-street car parking in neighbouring side roads.
Leasehold Term:
The lock-up shop premises are available with a new lease, length to be agreed, commencing at an initial rental of £26,000 p.a.x.
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