Retail Property (high street) for sale

High Street - LN12

£299,999

Property Description

Commercial information

  • Business for sale

Key features

  • Excellent seaside location
  • Planning Permission granted
  • Massive retail potential
  • Viewing highly recommended

Full description

Tenure: Freehold

Description
This is an excellent and very rare opportunity to purchase a very well, established convenience store with stunning potential for future growth, occupying a prominent main road trading position in the seaside town of Mablethorpe, Lincolnshire.

This fantastic convenience store is located on a main road plot at the very heart of the town, within a large number of quality residential dwellings.

The business comes with accommodation above the business, which is currently used as storage. This accommodation has not been lived in for a number of years and will need refurbishment.

The property comes with full planning permission for a property expansion of both the residential and commercial areas.

Having successfully operated in the village for over 100 years and under current ownership for the last 38 years, this highly renowned business has earned an excellent reputation for offering all lottery services, newspapers, cards, stationary, off license and all manner of general goods. These services always come with a warm friendly and a very local service. The business therefore enjoys an extensive and loyal customer base attracting repeat trade from the immediate vicinity.

The business operates from a highly visible single fronted shop premises with an excellent range of fixtures and fittings to go with the sale.

West End Stores is a thriving and lucrative business, which is currently run by the owner and two part members of staff.

West End Stores is an essential piece within the local community and operates 7 days of the week. The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic owner that has the opportunity to extend and add to the stock already on offer. These enhancements will undoubtedly increase the already impressive weekly sales, whilst also enabling the additional staffing levels to be kept to a minimum, therefore maximising overall profitability.

This is a

Sales
Weekly Retail Turnover - £TBC

Accounts
Current records and accounts can be inspected when viewing.


Trading Hours
Monday — Sunday 6am — 6.30pm

Staff
The business is managed by the owner and 2 part time members of staff.

Building External
The business operates from a single fronted premises occupying a prominent main road position in the area. The accommodation can be accessed from either the front or rear of the business.

Building Internal
The main trading area is located at the front of the property with a small internal storage area and kitchenette to the rear of the property.

The retail area covers the length and breadth of the single fronted store that comes with an excellent array of display shelving, display coolers and fridges.


Residential Accommodation
The business comes with a 4 bedroomed accommodation that can be accessed from the rear of the property, which is complete with a kitchen and bathroom.
The property has not been lived in for a number of years and will benefit from a full refurbishment.

The property also comes with full planning permission for a property expansion of both the residential and commercial areas.

We have been advised that, with the expansion, the residential accommodation could yield an additional income of approximately £22,000 a year if rented out.


Tenure
We are advised that the business comes to market as freehold.

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



Summary
This is a fantastic and very rare opportunity to purchase a highly profitable business with terrific potential for future growth and improvement. A viewing is highly recommended.


Nearest station

  • Skegness (14.0 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 station

  • Skegness (14.0 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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