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2 bedroom commercial property for sale

Heath Street, WA3

294 sq. m. | £235,000

Property Description

Commercial information

  • Business for sale
  • 3,164 sq ft (294 sq m)

Full description

Tenure: Freehold

LOCATION
This investment property occupies substantial freehold premises, comprising of a butcher's shop with living accommodation, one terraced house and one shop, currently let out as a barbers, generating 300 rent per month, with a one bedroom flat above, which is currently empty. The property is ideally located within the town of Golborne near Warrington. The business is surrounded by a mix of residential and commercial properties on the busy Heath Street, therefore benefiting from a high volume of passing trade. The business further benefits from on-street parking facilities within the immediate area.

According to the 2011 census, the town had a residential population of 24,169. Historically in Lancashire, Golborne owes most of its growth to the mining and textile industries. There was also significant agricultural activity, and most of the farms still belong to the families that originally owned them.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Newton-le-Willows, which is approximately 2 miles away. The area is also well served by the A-roads, with the A573 being within close proximity, which links to the national A-road and motorway networks. Golborne lies 5 miles southeast of Wigan, 6 miles northeast of Warrington and 14 miles west of Manchester.

BUSINESS
Hilton Smythe is delighted to welcome to the market this substantial investment, with a terraced house and a shop, currently let out as a barbers, generating 300 rent per month, which is ideally located within Golborne, near Warrington.

The business was originally established by our client's father in 1949 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of 200,000 per annum, with a good gross profit.

Our client offers a good variety of meat choices, fruit and vegetables, ready meals and pies/pasties. Haydock Park Racecourse is close by, and the shop is well recognised for its fabulous pies, with a lot of custom coming from the race goers.

The properties consist of the butcher's shop, which comes with large living accommodation above. A two-bedroom terraced house, which could be let out to generate further income and a shop, which is currently being used as a barbers, generating 300 per month. Our client has gained excellent recognition for his work in the community and has been presented with many awards.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours and perhaps offering Sunday trading. A new owner could also embark on a modest marketing campaign to promote the high quality goods and service offered.

This is an excellent opportunity for a new owner to take this popular business, along with a two bedroom terraced house and shop to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial premises, in an ideal trading position, briefly comprising:

38 Heath Street:

Trading as a butchers with:

Ground floor butchers shop with original features.
Serve over counter.
Butchers block.
Window display.
Shelving for home cooked wares i.e. jams, marmalades and savoury sauces.

To the rear:

Large preparation area with walk-in freezer, Rangemaster cooker, refrigerator, freezer, stainless steel sink, microwave oven, pans, utensils and mincer.

38a Heath street:

First floor owners' accommodation:

Separate access.
2 x lounges.
Dining room.
Kitchen with wall and base units.
Bathroom with WC, wash hand basin, shower over bath.
2 x double bedrooms.

40 Heath Street:

Terrace house:

Ground floor with:

Hallway.
Lounge.
Dining room.
Kitchen.

First floor:

2 x double bedrooms.
Bathroom with WC, wash hand basin and bath.

Ground floor shop:

Currently being used as a barber's shop, generating 300 per month.

Large single fronted shop area.
Large room to rear with feature fireplace.
WC and wash hand basin.

Lower ground floor:

Large cellars run the whole way through the properties, making a substantial area under the three properties.

First floor:

Lounge.
Kitchen.
Bathroom.
Bedroom.

External with:

Garden area to rear of properties, each property has a separate back door.
Large lockable storage area to side.
2 x sheds.

TENURE
We are advised Freehold.

HOURS
The butchers is open:

Monday - Saturday: 9.00am - 5.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 2 x full time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 200,000 per annum, with a good gross profit.


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