Retail Property (high street) for sale

41 Oakleaze Road - BS35

£94,950

Property Description

Commercial information

  • Business for sale

Key features

  • Independent butchers trading over 40 years
  • Excellent reputation, own speciality products, loyal clients
  • Income 2017 of £177,533, EBITDA £38,709, current sub let flat £7,200PA
  • Leasehold with additional scope to expand on products and services in this very affluent area.

Full description

Tenure: Leasehold

Description
Alan Pendrey Butchers is an independent butchers and has been established in Thornbury in Bristol for over 40 years, being in the current ownership for the last 22. The Leasehold ground floor shop is centrally located on a shopping parade within a residential area which is currently expanding with many new houses being built and more in the pipeline too. It comes complete with a 2 bedroom owners accommodation with landlords permission to sub let. Located in the affluent area of Thornbury, it boasts a thriving healthy local population. Serviced and within easy reach of the M5and M4 motorways.

The business offers an assortment of UK only meats and is described as fully traditional. The business benefits from its offerings of local cheeses and preserves, fruits, vegetables and eggs. In addition the business generates a healthy income from its own home made speciality of burgers and cooked meats, all made on site.

Unlike a variety of butchers, Alan Pendrey Butchers have the facilities and equipment to produce their own boiled hams and cooked meats, a popular favourite with the locals.

The business was established over 40 years ago, The current owners purchased the business 22 years ago, at the time he had already been the manager for 8 years. The business is now only being reluctantly sold due to his retirement.

The current vendor has grown the business to what we see today and it’s impressive standard.

Available by rear access offers a 2 bedroom accommodation of substantial size. This serves as owners accommodation. The current owner sub leases this and it provides an annual rental income of £7,200 per annum. The business is available with the flat if the remaining 8 years on the lease is taken over. However the landlord would issue a new lease without the accommodation should the new buyer require this. The shop is a lock up leasehold, and has 2 floors above for the residential accommodation.

The business has shown steady growth over the year

Weekly Sales
Currently shop sales average £3,410 net approximately

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday, Wednesday and Saturday 08:00 - 13:00
Tuesday, Thursday and Friday 08:00 — 17:00
Sunday Closed


Staff
Managed and run by the owner, he employs a Saturday boy.

Property
The property is of terraced construction and is located upon a parade in the centre of a residential estate in Thornbury. There is ample parking in front of the parade and ample additional on street parking locally. The shop is a lock up and is located in the centre of the parade. The building is traditionally constructed from brick with a tiled roof and is maintained to very high standards. The 2 bedroom 2 storey maisonette is located directly above the shop and is accessed by the rear via its own entrance.



Shop Area
The shop is accessed from a single fronted double doorway aluminium entrance. The shop is bright with a large multi sectional window. To the LHS is the main cool display unit (comprising of 3 independent units) and the main serving counter. There is a series of shelves where the fruit and veg, cheeses and preserves are displayed. To the rear of these areas is a wooden prep area for cutting meats. Facing the entrance is another series of shelves for fruit and veg. To the rear of the shop is a partition with a 2 x walk in fridges and beyond this is an additional preparation and freezer area. To the rear of the premises is a small kitchenette and toilet. A rear door leads out to the rear of the property. The rear windows have security bars to them.


Residential Accommodationi
The optional (only if existing lease is taken over) is accessed from the rear of the property via a multi staircase leading to a large open plan terrace. This terrace supports the entrance to all the flats located above the parade and offers a seating area for the residents.

The accommodation is laid out over two floors and briefly comprises of:
Entrance hall, leading to a kitchen with white wall and base units, black onyx style worktops linoleum flooring and electric cooker. (note there is no gas in the building)

Beyond the kitchen is the main living room measuring approximately 6m x 4m and is split into a living room and dining room area. Carpets are of good quality and the room offers full length windows recently fitted in UPVc

A staircase leads to the 3rd floor from the hallway. Here 2 x double bedrooms can be found, both carpeted. Both bedrooms have built in storage areas with additional storage areas located upon the landing and in the hallway. A family bathroom offers a bath with an electric shower over the bath, sink and wc and has a linoleum floor.


Tenure
We are advised that the property is leasehold. Currently there remains 8 years on the lease but the vendor has stated the landlord is extremely flexible and would issue a new lease. Should a new lease be issued the landlord would possibly only offer the shop. Several other properties on the parade have experienced this. Current rental is £14,400 including VAT, per annum and the vendor offsets some of this rental by sub letting the accommodation, producing £7,200 per annum

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.



Summary
It is rare for such a good business opportunity to become available as we see here. Being in walk in condition and offering exceptional lifestyle possibilities, viewing is highly recommended to offer the best opportunity of securing this business.
The business offers scope to expand and trading figures showing year on year growth. The business would suit an individual skilled in butchery or a group wishing to expand into the area. Truly, an opportunity not to be missed.
Viewings strictly by appointment only.



Nearest stations

  • Yate (6.0 mi)
  • Pilning (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Yate (6.0 mi)
  • Pilning (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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