640 Square Foot Sales Area
Nice Residential Area
Same Owner Since 2004
Rental Income From 2 Bedroom Self-Contained Accommodation
Leasehold Price £65,000
Description and Trade:
The prominent corner sited store is situated in a parade of six shops in a nice residential area of Solihull.
The trade is that of general groceries, news and off licence products etc. It is a National Lottery outlet.
The well-presented and spacious Sales Area (10.3m x 5.7m) has a suspended ceiling with concealed lighting and is fully fitted with wall shelving, two runs of double sided gondola shelving and news display racking. Fixtures and fittings include lots of refrigeration and freezer self-serve units, serveover checkout with cash register etc.CCTV is installed.
Leading to a Stock Room/Office and a Kitchen with w.c. facilities off.
Accommodation (not inspected by Agent):
The self-contained accommodation is double glazed comprising Lounge/Diner, Kitchen, two double Bedrooms, Bathroom.
The accommodation is currently let for an income of £6,600 per annum.
A very well established business in a nice residential area that has been in the present owner’s hands since 2004. There is scope to increase takings by extending the evening opening hours, especially on off licence products.
Our Client Informs Us That:
Retail takings are around £7,000 per week. There is extra commission income of about £4,000 per annum from lottery, cash machine etc.
The weekly newsbill at cost is around £1,000.
7.00am – 8.00pm Monday to Saturday
7.30am – 7.00pm Sunday
Leasehold. We understand that the landlord will offer a new 10-year lease, with 5 yearly review, at a commencing rent of £14,000 per annum for the business and accommodation.
£65,000 plus stock at valuation for the lease, business, fixtures and fittings.
Is accommodation included?: