Business for Sale in BUSY MAJOR FEEDER ROAD LOCATION CONVENIENCE STORE OPPORTUNITY WITH 2 FLATS, NEWPORT

Leasehold Price £90,000
Freehold Price £385,000
( Offers Accepted)

Key Information

Reference
G34699J
Tenure
Freehold, Leasehold
Status
For Sale
Region
South Wales
Sector
Convenience Stores
Annual Sales
£230,000.00 Exc. VAT
Rent Payable
£20,000 p.a INCLUDES SHOP & 1 FLAT..LEASEHOLD SALE OPTION
Business Rates
£ 2500 appx p.a
Accommodation
2 flats...Owners 3 bed Plus S/contained 2 bed flat
  • WELL ESTABLISHED STORE IN BUSY, MAIN ROAD TRADING LOCATION.
  • £230K P.A SALES, LOTTERY/PAYPOINT/MONEY TRANSFER OUTLET.
  • RETIREMENT/RUN VERY LOW KEY...GOOD POTENTIAL TO DEVELOP SALES.
  • 2 FLATS (2 BED AND 3 BED). 1 CURRENTLY LET OUT..ACHIEVING £650 P/M.
  • FREEHOLD or BRAND NEW LEASEHOLD OPTION (WITH 1 FLAT)

Business Information

A well established Convenience Store, situated in a busy trading location, upon a very busy main road into the major city of Newport, South Wales.

Vendor looking to retire after 14 happy and successful years of trading. No staff to handover also advised.

Enjoying sales of circa £230,000 p.a. (as supported by up to date accounts/vat returns), this is a substantial package having 2 flats also included in the sale. One flat used by the vendors and a fully self contained flat alongside/above, which is currently let out and achieving rental income of £650 p/month advised.

Our Vendor is happy to offer for sale as a complete package via its lucrative freehold, or via a brand new leasehold option (with business and the owner's flat included).

A great opportunity and only coming to market due to our vendors impending well earned retirement.  

EPC Rating Shop: C      EPC Rating Flat: D

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