Convenience Store for sale in South Wales

South Wales


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Residential area near SOUTH GLAMORGAN, SOUTH WALES

WE ARE INFORMED the turnover averages £12,500 p.w. Wholesale newsbill £450 p.w. We are advised that the gross profit is in the region of 24%. Post Office income we are advised in the region of £20,000 p.a.

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £24,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,500 p.a. approx. (we understand the rates could possibly reduce subject to small business relief)

RECOMMENDED FOR EARLY INSPECTION

The main accommodation comprises a SELF CONTAINED FLAT, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING comprising:

3 Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Dining Room
Kitchen

This flat, if not required for personal use, we understand could be sublet on a shorthold tenancy to provide a rental income of £600 per month.

In addition there is a STUDIO FLAT comprising:

Bedroom/living room
Bathroom with bath, w.c. & wash hand basin
Separate kitchen

This flat is currently let on a shorthold tenancy and provides a rental income of £300 per month.

In addition there is a third FLAT which does require some refurbishment & we are advised by the present owner would cost in the region of £1,600. This FLAT comprises:

2 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Lounge with kitchen area

We understand this flat could also be sublet to provide a rental income of approximately £550 per month

Monday - Friday inclusive - 7 a.m. - 10 p.m.
Saturday & Sunday opening - 8 a.m. - 10 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£35,000/£40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £135,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Post Offices
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