Three Commercial Properties & Accommodation
Current Rental Income from both shops £13,600 Per Annum
Prev Rental Income from student accom £18,000 Incl PA over 38 weeks
Busy Main Road Trading Location
Annual Turnover £243,000
Gross Profit £138,000
Fish & Chip Shop 5* Hygiene Rating
Close To University
Densely Populated Residential Area
Well Equipped & Presented Throughout
EPC - EREF 6709 – Freehold Fish & Chip Shop + Investment Properties
Blacks Brokers are pleased to bring to the market this freehold fish & chip shop and investment properties located close to Preston city centre, Lancashire. INTRODUCTION
This freehold property is made up of three commercial ground floor units and a selection of first floor student accommodation. The sale includes our client’s long- established fish and chip shop.
Umbertos has been trading on Watery Lane for 46 years. Our client established the business here due to the superb main road position. The business is well known and has a superb reputation in the area with a large base of regular customers. Umbertos is licenced to sell takeaway until 03:00.LOCATION
The business is positioned on a busy main road only one mile from the centre of Preston. This is close to a range of local businesses and large multiples including DW Fitness, Lidl and Morrisons. The area is well linked by the M65 and A583 with good links to Blackpool. Public transport links are good and free parking is available in the immediate vicinity. REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale.LEASE
Both the Barbers and Florists are currently let on a rolling lease. The Florist brings in a rental of £100 Per Week and the Barbers brings in a rental of £165 Per week. The student accommodation consisting of 8 rooms are currently not being let out however when the rooms were let 7 large rooms brought in a rental of £60 Per Week Inclusive and the smaller room brought in a rental of £53.00 per week inclusive.STAFF
The business is currently operating with eight members of staff in employment supporting our client working on a full- time basis. FINANCIAL DETAILS
Umbertos has traded well during its long and impressive trading history. We are advised the business has annual turnover of £243,000 and gross profit of £138,000. Full financial details are available after viewing. BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.SUMMARY
This freehold business and investment proposition offers a range of opportunities for a new owner from full rental to full use and a change of business type – the fish and chip shop could accommodate any cuisine and there is scope to extend into the other units to add seating if desired. The property has been well maintained and our client has good relationships with current tenants. Early viewings are strongly advised. Fixtures:
Upright Drinks Fridge x 3
Large Three Pan Range - Elidge and Fairley
EPOS Till System
Chest Freezer x 4
Chipper and Rumbler
Spare Upright Fridge
MON - SUN: 11:00 - 21:30
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
This is a mid-terraced, multi fronted property. There are three shops, a florist letting one unit on a rolling contract. A hair salon/barbers which has been at this location for over 70 years, again on a rolling contract. Finally, the fish and chip shop occupied by our client.
The florist is double fronted with main door into a large shop. There are steps down into a cellar, which can be used as storage or workspace, and there is also a toilet.
Next door there is a single fronted barbers’ shop, which has a storage room to the rear, and a small toilet.
The third property is Umbertos. This is a single fronted unit with a main door into the servery/waiting area. To the rear there is a preparation kitchen and washing up area, and further storage areas. There is an outside toilet, and space for two vehicles to the rear. The fish and chip shop also have a large cellar which runs underneath the barbers also and is used as preparation area for chipping and rumbling.
On the first floor above Umbertos there is a spacious apartment with a kitchen, bathroom, large lounge, office, one single bedroom and two double bedrooms which is currently occupied by the owners at present
There is also student accommodation on the first floor - above the other shops, with a kitchen, 4 large bedrooms and two shower rooms with a fire exit to the rear.
On the second floor the ground floor comprises of a shower room and kitchen. The first floor comprises of two bedrooms (1 large, 1 small) and a wet room and the second floor comprises of two further large bedrooms, and a lounge. The student’s accommodation has previously been rented out for 38 weeks of the year however a new owner could increase the income by renting the rooms out 52 weeks a year.
Two car parking spaces are available to the rear of the block and colour CCTV is fitted throughout the entire property.