Business for Sale in BUSY MAJOR FEEDER ROAD LOCATION CONVENIENCE STORE 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
£270,000.00 Exc. VAT
Rent Payable
£20,000 INCLUDES 1 FLAT..LEASEHOLD SALE OPTION
Business Rates
Nil Advised Payable Currently.
Accommodation
2 flats...Owners 3 bed Plus S/contained 2 bed flat
  • WELL ESTABLISHED STORE IN BUSY, MAIN ROAD TRADING LOCATION.
  • £270K P.A SALES, LOTTERY/PAYPOINT/MONEY TRANSFER OUTLET.
  • RETIREMENT..RUN LOW KEY AND WTH POTENTIAL TO DEVELOP SALES.
  • 2 FLATS (2 BED AND 3 BED). 1 CURRENTLY LET..ACHIEVING £650 P/MONTH.
  • 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 business rates to pay and no staff to handover also advised.

Enjoying sales of circa £270,000 p.a. (as supported by 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, currently let out and achieving rental income of £650 p/month advised.

Our Vendor is happy to offer for sale via its lucrative freehold, or via a brand new leasehold option (with 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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