Business for Sale in FAREHAM, Hampshire CONVENIENCE STORE & NEWSAGENTS

Freehold Price £599,995

Key Information

Reference
G35583P
Tenure
Freehold
Status
For Sale
Region
Hampshire
Sector
Convenience Stores
Annual Sales
£567,556.00 Exc. VAT
Accommodation
Yes

Business Information

Long established CONVENIENCE STORE/NEWSAGENTS & large 5 bedroom FAMILY HOME, popular SOUTH EAST HAMPSHIRE town, situated in attractive FAREHAM suburb, the cites of SOUTHAMPTON and PORTSMOUTH easily reached.

Forming part of purpose built shopping parade with no direct competition, attractive leafy aspect, benefiting from free layby pull over car parking ensuring easy customer access, bus stops adjacent, surrounded by popular residential housing.

Substantial 3 storey property, extended over the years, occupying large corner site, viewing recommended to appreciate size and standard of presentation. Double fronted retail premises complete with storage and cloakroom facilities, lends itself to being extended and refitted, possibly introducing a symbol group.

Huge self-contained accommodation extending to the side and 2 floors above business premises, offers entrance hallway, utility room, kitchen/dining room, conservatory, sitting room, 5 bedrooms, bathroom, and masses of storage, also benefiting from garage and large south facing enclosed rear garden with outbuildings.

Well known business, same ownership in excess of 30 years, enjoying sound regular all year round trade. Sales 2022 £567,556 ex Vat, Gross Profit £123,316 (22%), proves most profitable, scope to introduce alcohol which is not currently retailed, plus other lines, and also extend opening hours, currently closing 5.00pm.

Freehold £599,995 sav Ref: G35583P

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