LEASEHOLD PREMIUM: £149,950 PLUS STOCK
ANNUAL RENT: £32,450 p.a. together with residential flat @ £7,500 p.a. total rent payable @ £39,950 p.a. (Rent receivable @ £12,840 p.a.)
**NOW WITH LICENCE TO SELL ALCOHOL**
• Turnover for Y/E 30/6/2018: £498,142
• Gross Profit for Y/E 30/06/2018: £168,172
• Net Profit for Y/E 30/6/2018: £139,911
• Additional Residential Rental Income
• Prominent Brand Trading for c. 100 years
• Energy Rating C
• Premises Licence granted by St Albans City & District Council
• Ground floor retail premises recently refurbished to a high standard
A three-storey brick built building, equipped for the sale of newspapers, magazines, cigarettes, cards, sandwiches and convenience store items such as food and alcohol. There is ample customer footfall and a good visual presence on the high street.
The shop is situated in the heart of the affluent city of St Albans, which is located approximately 25 miles North of London.
The nearest train station is St Albans City (0.6 miles), which offers a journey time to London of approx.18 minutes.
Retail space is circa 450 sq/ft and to the rear of the store is a stockroom/sandwich preparation area, along with a w.c.
Fixtures & Fittings
We are advised by our clients that all fixtures and fittings are owned outright and included in the price sought for the premium.
There is a two bedroom apartment with separate access, currently let at a rent of £1070.00 per calendar month.
Additional storage is available by means of a detached storage unit in the gated rear yard area. The Council has allocated a single parking space to the rear of the store (an annual parking permit is required at additional cost).
This business has been operated by the current occupiers for 36 years. The business before their ownership had been trading for circa 100 years.
There is scope to grow the trade further through increased opening hours and diversifying the product range. We recommend a viewing to fully appreciate this business opportunity.
The business is currently run by the owner and 2 members of staff.
Additional financial and trading information is available on request.
Monday – Saturday 5:00am – 6:00pm
Sunday 5:00am to 4:00pm
The rateable value is £16,260, effective from 1st April 2017.
It is advised that interested parties make their own enquiries with the Local Authority.
Prime location in the town centre.