Convenience Stores for sale in Leamington Spa

View the "Freehold Convenience Store & Off-License Located In Polesworth" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Freehold Convenience Store & Off-License Located In Polesworth

Leamington Spa, Warwickshire, England

  • Freehold Price: £1,150,000
  • Weekly Turnover: £19,000
Seller Reference: 2322
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Business Description
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Seller Reference: 2322
Request Details
Business Description
Veritas Business sales are delighted to offer for sale this delightful Freehold Convenience Store & Investment Property which includes a lovely 6 bedroom family home and is located in the village of Polesworth. The property has been in the careful hands of the current owner for the past 31 years but has been in his family since 1962 and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.
Since ownership there has been significant investment to bring the property up to the standard that you see before you today which means that any new purchaser will not need to spend any additional funds for some time. The convenience store generates an average weekly turnover of between £18,500-£19,000. A & A Off-Licence & Stores retails tobacco products, confectionery, beers, wines & spirits, soft drinks, greeting cards, groceries, frozen foods, toiletries, household goods and dairy products. The business is overseen by its owner and employs the help of 1 full time & 7 part time members of staff. We believe that there is further potential to increase trade should you wish by having a more hands on owner operator, adding more food to go products along with fruit & veg, newspapers and The National Lottery. Corals Betting Office is leased out on a 6 year term with 3 years remaining with a rental income of £5,750pa. The 6 bedroom house is where my client resides and this would make an ideal family home or you could rent out easily for £1600 pcm. Alternatively you could covert to a HMO where you could possibly have 9 rental rooms @ £500 pcm to yield £54,000 if fully let. This is a superb opportunity to purchase an established business & investment property which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed. 
Trading hours:
Monday – Thursday – 9.00am – 10.00pm Friday & Saturday – 9.00am – 10.30pm Sunday – 10.00am – 10.00pm Business Rates: £5,500 pa
Is accommodation included?:
Family Home Ground floor Snooker room W/C and wash basin Conservatory Lounge Lounge/diner with gas fire and Inglenook fire place Kitchen with breakfast bar Laundry room First floor Master bedroom Dressing room or single bedroom Bathroom with bath, w/c and wash basin Double bedroom with fitted wardrobes Double bedroom with fitted wardrobes and storage cupboard Large double bedroom with fitted wardrobes Office/single bedroom Bathroom with corner bath, shower cubicle, w/c and wash basin External Gated driveway with parking for (6) Double garage Rear courtyard The property benefits from gas central heating and double glazing
Location Details:
This delightful property is located in the desirable village of Polesworth, Tamworth in Staffordshire. Its very easily accessed and is in close proximity to the M42 motorway.
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