Convenience Store for sale in Southampton

Southampton, Hampshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Detached property, excellent main road trading position, residential, office and commercial area, opposite Bus Stop, HAMPSHIRE

WE ARE INFORMED by the owner that the turnover averages £7,000 p.w. with a Gross profit in the region of 20% approx.

We have not had sight of the lease but the vendor has stated that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2011 with reviews every 5 years (next review 2016) at a current rent of £18,000 p.a. (£15,000 rental income received from the flat above)

Business Rates from April 2015 £1,500 payable (after small business relief)

REDUCED FOR EARLY SALE

THE SELF CONTAINED ACCOMMODATION, at present let on a shorthold tenancy providing a rental income of £1,250 per month entrance via door to the side of the shop comprising;

• 5 Bedrooms
• Kitchen.
• Bathroom with bath, w.c. and wash hand basin

7 Day week (Monday - Sunday) 8 am - 11pm

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Viewing Strictly by appointment.

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business information

Sale price: £75,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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