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Retail Property (high street) for sale

61-63 Lower Cathedral Road - CF11

£24,950

Property Description

Commercial information

  • Business for sale

Key features

  • Well established licensed convenience store
  • Weekly turnover approximately £2,500
  • Prominent main road position, densely populated area
  • Genuine potential for growth, owner retiring, viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is an excellent opportunity to purchase a well established licensed convenience store, which occupies a prominent trading position in Cardiff, South Wales.

The convenience store is situated on a busy main road amongst a number of local businesses, within a large number of residential dwellings all in the immediate locality. This ensures the business attracts high levels of regular repeat and passing trade throughout the day.

Having served the area for many years, this well known business has forged strong relationships within the community.

The store operates from highly visible shop premises, providing deceptively spacious ground floor retail space.

The business is fitted with a good range of quality fixtures, a till, CCTV and ample refrigeration. The business retails a range of newspaper and magazine titles, confectionary, tobacco products, soft drinks, traditional beers, wines, spirits and a selection of groceries.

The convenience store is a successful and lucrative business, which is run mainly by the owner and family. The business would be an ideal proposition for an ambitious and energetic owner operator, who can extend the opening times whilst also introducing a much wider range of convenience lines and frozen foods and also a rebranding to regenerate interest in the business.

These enhancements will significantly increase the weekly sales. This successful business is only now being offered for sale due to retirement and viewing is highly recommended to avoid disappointment.


Sales
Currently shop sales average £2,500 approximately.

OTHER
News Sheet £150.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Sunday 09:00 — 22:00

STAFF
Managed by the owner.

Building External
The mid terraced premises offers excellent and deceptively spacious retail space.

BUILDING INTERNAL
The good sales area is light and airy, creating a welcoming environment. The business is well fitted with CCTV and ample refrigeration. To the rear of the property there are storage and toilet facilities.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.


TENURE
The vendors own the property and will grant a new FRI lease (subject to contract) for a period of 10 years at an initial rent of £12,000 exclusive of rates. Rent reviews are at 5 yearly intervals.

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


SUMMARY
A fantastic trading location with excellent levels of turnover and profitability. Only offered to the market due to retirement. Great potential for development for a full time owner operator or as an addition to an existing portfolio. Not to be missed.


Map & Street View

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