BUSINESS FOR SALE
GROUND FLOOR 8-10 MOUNT PLEASANT ROAD DITHERINGTON, SHREWSBURY SY1 3BQ
A prominently located established leasehold convenience store in a popular residential area of Shrewsbury ■ Profitable business with the potential for further business expansion ■ The business benefits from the lottery, off licence and paypoint
Price: £140,000 (exclusive) plus SAV for the business goodwill and fixtures and fittings
Rent: £14,000 per annum to be paid quarterly in advance (exclusive) hallsgb.com
01743 450 700
BUSINESS FOR SALE
Ground Floor, 8-10 Mount Pleasant Road, Shrewsbury SY1 3BQ
For sale an established convenience business LOCATION
ACCOMMODATION
The property is situated fronting onto Mount Pleasant Road, in a popular established residential quarter of Shrewsbury.
(All measurements are approximate) sq m
sq ft
The property is located approximately 1 mile from Shrewsbury town centre and forms part of a parade of lock up shop units ,which include Lloyds Bank and a bakery.
Total Net Sales Area
942
The parade benefits from car parking to the front of the property accessed off Mount Pleaasant road.
DESCRIPTION The property comprises of a ground floor shop unit that is fitted out as a convenience store. The property provides a Gross Internal Sales Floor Area of approximately 87.48 m sq (942 ft sq) with ancillary office and stores. The property benefits from a glazed shop front and benefitting from electronic entrance door, and is presented to a good standard.
Office
33.87
Toilet
FIXTURES & FITTINGS
RATEABLE VALUE Rateable Value (2017): £11,000 Rates Payable: £5,060 pa
EPC To Order.
(Not Tested)
Monday to Friday - 5am to 9pm Saturday - 6am to 9pm Sunday - 6am to 8pm Audited financial accounts are available to genuinely interested parties but the financial information for the last financial year was a turnover of approximately £520,000, and a Gross Profit Margin of 20%. There is potential for further business growth.
365
A full inventory of fixtures and fittings included in the sale of the business is available upon request.
BUSINESS
The trading hours of the business are as follows:
8.57 92
Stores
The business trades as a busy convenience store with the benefit of an off licence, lottery and paypoint. It is reluctantly offered for sale due to the proprietor having another business opportunity. The business is run by the vendor with assistance from one full time employee.
87.48
SERVICES Mains water, electricity and drainage are connected to the property.
VAT It is understood that the property is not elected for VAT.
LEGAL COSTS Each party is to be responsible for their own legal costs incurred in respect of the granting of the lease.
FINANCIAL ACT 1989 All figures are quoted exclusive of VAT. Any intending purchaser should satisfy themselves independently as to VAT in respect of any transaction.
Further information is available from the selling agents upon request.
PRICE Offers are invited in the region of £140,000 (one hundred and forty thousand pounds) (exclusive) plus SAV are sought for the business goodwill and fixtures and fittings.
RENT £14,000 (fourteen thousand pounds) per annum (exclusive) to be paid quaterly in advance by standing order.
TENURE The premises are offered to let on a New Tenants Full Repairing and Insuring Lease for a length of term by negotiation. There will be rent reviews at three yearly intervals.
hallsgb.com
01743 450 700
BUSINESS FOR SALE
Ground Floor, 8-10 Mount Pleasant Road, Shrewsbury SY1 3BQ
LOCAL AUTHORITY
VIEWING
Shropshire Council The Shirehall Abbey Foregate Shrewsbury SY2 6ND
Strictly by prior arrangement. Fore more information, or to arrange a viewing, please contact the agents.
James Evans
E:
[email protected] tel: 0345 678 9000
Rebecca Welch
E:
[email protected] 01743 450 700 James Evans
E:
[email protected] Rebecca Welch
E:
[email protected] 01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an offer or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or
hallsgb.com
her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority.
01743 450 700