| (REF: Rut-rm) Mace Convenience Store Lease For Sale Whissendine Near Rutland Water |
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| Seller Reference: |
Rut-rm |
| B4S Reference: |
31654 |
| Asking Price: |
£9,500,000
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| Net Profit: |
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| Sales Revenue: |
£390,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
0 Years 10 Months |
| Ownership: |
Leasehold |
| Location: |
Whissendin, Rutland, United Kingdom |
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Location
Situated in a parade, main road trading position, residential village of Whissendine near Rutland Water.
Features
DOUBLE FRONTED SALES SHOP approx. 900 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, attractive shelving, deep freezes, large upright open drinks display fridges, another open cool display unit for soft drinks, greeting card display stand, CCTV, electric metal shutters etc.
Staff cloakroom with ladies and gents W.C. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £6,5000 p.w. in our opinion offering further potential to increase in the right hands as the business was fully refurbished in March 2011 and opened up as a Mace Convenience Store. Gross profit 35% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission; the business also sells local produce from local farms
Staff
The business is at present operated by the vendor with the assistance of the family.
Opening Hours
Monday - Saturday inclusive – 7 a.m. – 7.00 p.m.
Sunday opening - 8 a.m. – 2.00 p.m.
Accommodation
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a short-hold tenancy and provides a rental income of £8,400 p.a. however; we understand that vacant possession can be given on completion by separate negations if required. The accommodation comprises:
3 Bedrooms
Two bathroom with bath, w.c. and wash hand basin
Lounge
2 Kitchen with fitted units
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new a new 15 years full repairing and insuring lease at £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years included in the lease is a attached shop which can be converted in to a hairdressers shop and with estimated rental income would be in region of £6000.00pa.
Uniform Business Rates: £2400 p.a. approx. (after small business relief) but is free at present.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£20,000 approx).
Free Valuation
We would be happy to provide you with a free market appraisal/valuation of your own property, should you wish to rent. Please speak to one of our staff to arrange a mutually convenient appointment.
The Property Mis descriptions Act 1991
The Vendor has supplied the above information. We cannot verify it to be correct, but would recommend that your Legal Adviser check the details. We have not tested any fittings, and the measurements are taken using a sonic measuring device, which is not guaranteed to be 100% accurate. Whilst we endeavor to make our sales/rental details accurate and reliable, if there is any point, which is of particular importance to you, we will be pleased to check the information. This is important especially if you will be traveling some distance to view the property.
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Property: |
Leasehold |
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Lease Terms: |
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new a new 15 years full repairing and insuring lease at £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years included in the lease is a attached shop which can be converted in to a hairdressers shop and with estimated rental income would be in region of £6000.00pa.
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Current Rent: |
15000.00 |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £8,400 p.a. however; we understand that vacant possession can be given on completion by separate negations if required. The accommodation comprises:
3 Bedrooms
Two bathroom with bath, w.c. and wash hand basin
Lounge
2 Kitchen with fitted units
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Location: |
Situated in a parade, main road trading position, residential village of Whissendine near Rutland Water. |
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Rutland Water with no local competition within 5 miles radius |
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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? |
Yes |
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Monday - Saturday inclusive – 7 a.m. – 7.00 p.m.
Sunday opening - 8 a.m. – 2.00 p.m.
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