Convenience Store for sale

The New Kwiki Mart, 163 Goldsmith Avenue, Southsea, Portsmouth, Hampshire, PO4 8BJ

POA

Property Description

Commercial information

  • Business for sale

Key features

  • Superb shop, recently refitted throughout
  • 6 month core sales 256,766 to Y/E Oct '17
  • Gross internal area approximately 2,992 sqft
  • Potenital for hot/fast food offering
  • High footfall, busy central location
  • Customer parking, Energy Rating F

Full description

Tenure: Leasehold

Description

A superb opportunity to take on a high specification shop with considerable potential for a delicatessen, fast food or café offering, utilising the large first floor seating area (currently an ice cream café).

Advised current weekly sales of c.£12,000 per week.

Additional income revenue streams including ATM, PayPoint and National Lottery.

Location

The store occupies a prime position close to the centre of Portsmouth and Southsea seafront. The thriving local student population and the close proximity to Fratton Park and Fratton Station help to create excellent levels of passing trade.

The shop is located next to a busy petrol station so further benefits from passing trade, helped by ample customer parking.

Internal Details

Following a comprehensive refit in 2014 at a cost of £129,000, the shop is fitted out to an exceptional standard.

Beyond the large trading area there is a potential café/ hot food opportunity and a sizeable first floor seating area.

There are also three storage rooms.

Fixtures & Fittings

We are advised that the fixtures and fittings are owned outright and include new refrigeration units, a comprehensive CCTV system, intruder alarm system, air conditioning, microlights and a new EPOS sytem. An inventory is available on request.

External Details

To the front of the property is a large forecourt offering customer car parking and easy vehicular access for unloading goods.

The Opportunity

Situated in a busy central location with good local demographics, it is popular with tourists and people attending football at Fratton Park.

As an established business which has benefitted from considerable recent capital expenditure, it offers great potential for a new operator.

Business Rates

The Rateable Value is £33,500 which is based on the national non-domestic rating multiplier of £46.60, which equates to £15,611 annually. The owner currently enjoys an additional transitional relief of £3,253.57.

Regulatory

Premises Licence.


More information from this agent

Nearest stations

  • Fratton (0.3 mi)
  • Portsmouth & Southsea (1.0 mi)
  • Portsmouth Harbour (1.7 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Fratton (0.3 mi)
  • Portsmouth & Southsea (1.0 mi)
  • Portsmouth Harbour (1.7 mi)
Distances are straight line measurements from centre of postcode

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