| (REF: NW008100) Empty / Development Property - Milnthorpe |
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| Seller Reference: |
NW008100 |
| B4S Reference: |
28657 |
| Asking Price: |
£275,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Milnthorpe, Cumbria, United Kingdom |
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LOCATION
This character property is situated in the heart of this vibrant market town and occupies a good high street trading position amongst other shops, businesses and offices. Milnthorpe supports a variety of successful commercial enterprises and is ideally positioned, being close to the M6 motorway at Carnforth.
THE PROPERTY
A stone built, terraced period property that combines commercial premises with self contained 2/3-bedroom accommodation. The vendors have spared no expense in refurbishing the accommodation and have recently installed, Gas central heating, Double glazing, New roof, New kitchen and an En-suite bathroom. The property briefly comprises ground shop sales area, rear store, outbuildings, garage and a 2/3-bedroom apartment on the first floor. The apartment comprises 2/3 bedrooms, bathroom, lounge, kitchen and rear porch. The self-contained apartment could be let for c£500pcm.
COMMERCIAL PREMISES
Double fronted shop with prominent external signage. The vendors have run a successful general store here for c32yrs and are now looking to retire. Sales are approx. 436sq.ft. having non-slip floor, strip lighting, shelving, racking and several display units as fitted. All fixtures and fittings of the business are available by separate negotiation. There is no heating in the ground floor shop.
Door through to rear store room approx. 68sq.ft. with s/s sink unit, Hot water heater, window and door to rear.
Rear yard area with outside WC. Further store / workshed approx. 180sq.ft. Pathway leading down to a further yard and garage. Steps leading up to apartment.
In our opinion, the commercial premises could be let for between £7000-£8000 per annum.
BUSINESS
Adams and Co. are delighted to offer to the market this long-established Grocers / General store with the benefit of spacious family accommodation. The business has been in our client's careful ownership for c32yrs and enjoys a loyal and discerning customer base. Only now is the business offered to the market due to our client's wish to retire. The store offers a range of items including dairy products, fruit and vegetables, alcohol, cereals, confectionery and household items. The store is run on minimal hours as a lifestyle operation that could easily support a single trading owner operator. Huge scope to expand the product ranges and increase the hours to maximise the potential.
TRADE
Net sales for the year ending 2008 was £47,198 with a gross profit of 33% and modest expenses. Accounting information will be made available to seriously interested parties following a viewing.
HOURS
Monday to Friday 8.30am to 5pm
Saturday 8.30am to 12pm
Sunday CLOSED
STAFF
Our clients run the business with no additional staff.
RATES
Rates payable are £1190 per annum with small business rate relief.
PRIVATE ACCOMMODATION
Accessed via steps from the rear of the property.
ENTRANCE VESTIBULE / PORCH
Approx. 5ft x 5ft. having windows overlooking rear yard. Plumbing for washing machine. Part glazed doors to:
KITCHEN
The newly fitted kitchen (approx. 12ft x 11'3") has expensive Cardeen wood effect flooring. Strip lighting. Fully fitted wall and base units with complimentary work surfaces and tiling. S/S sink unit. Electric cooker point. Space for fridge freezer. Radiator. Carpeted hallway with radiator.
LOUNGE
Approx. 16ft x 12ft having two windows to front. Gas fire. Radiator. TV and telephone points.
BATHROOM
Approx. 12ft x 6ft. having part tiled walls and carpeted flooring. White three piece bathroom suite. Window to rear. Cylinder cupboard housing Halstead Combi Boiler and radiator. Radiator.
Staircase up to top floor landing with radiator and roof window.
BEDROOM ONE
Spacious double bedroom approx. 14ft x 12ft having carpeted flooring. Window to rear. Part restricted height. Radiator. Door to En-Suite approx. 5ft 5" x 11ft having part tiled walls. Carpeted flooring. New 4-piece suite with shower cubicle. Heated towel rail.
BEDROOM TWO
Large double bedroom approx. 14ft x 12ft affording plenty of light with two windows to front. Carpeted flooring. Part restricted height. Radiator. TV cable. Leading to door into:
STORE ROOM / BEDROOM THREE
Approx. 12ft x 5ft 5". Carpeted flooring. Radiator. Space for a single bed and wardrobe. Previously used as a bedroom.
EXTERNALLY
Enclosed rear yard. Gated access at the rear of the property. Garage approx. 18ft x 12ft. leading onto the adjoining pub car park. Access only to garage / gate over pub car park.
TENURE
Freehold
SERVICES
We understand from the vendor that all main services are connected to the property.
COUNCIL TAX
From information supplied by the vendors council tax payable is £1150 per annum.
COMMENTS
A fabulous opportunity to purchase a period property in the heart of this popular S. Lakeland market town. An excellent buy either as a viable business proposition or as an investment property providing a stable income. Internal viewing is highly recommended.
FINANCE
Finance for this business is available through Adams and Co(Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs.
Additional Services
When purchasing a business (particularly for the first time) there are many important issues to consider and organise. With over 50 years experience of the Business Transfer market we at Adams and Co are ideally placed to help purchasers. We are able to arrange competitive finance, insurance, and stock-takers, if required. Please telephone for further information.
THE PROPERTY MISDESCRIPTIONS ACT 1991
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase. References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co have not had sight of the title documents. Buyers are advised to obtain verification from their solicitor. All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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