Retail Property (high street) for sale

35 Hobs Road - WS10

£585,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well established and lucrative licensed convenience store
  • Weekly turnover £15,000, terrific potential
  • Prominent main road, busy residential area
  • Spacious lock up unit, S/C 2 bedroom flat, viewing highly recommended

Full description

Tenure: Freehold

DESCRIPTION
This is a rare opportunity to purchase a well established and heavily relied upon licensed convenience store, which occupies a prominent trading position in the popular area of Wednesbury in the West Midlands.

The store is located within a densely populated residential area on a main road. Surrounding the business is a large housing estate and the area is subsequently a hive of activity throughout the day, ensuring the business attracts high levels of regular local and passing trade. Its location also enjoys easy access from the M6 motorway, making it easy access for a new owner if they were to commute.

Having successfully operated since 2002, the business has operated as a thriving store for over 30 years. This well-known store has forged strong relationships with the community and boasts an extensive and loyal customer base.

The business operates from a highly visible and imposing premises, which offers a spacious and versatile retail space which is well fitted, including a two point EPOS system with scanner facility, air conditioning and digital CCTV.

The store retails an extensive range of traditional beers, wines, spirits, soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods.

This is a successful and lucrative business, yet still offers terrific scope for future growth and improvement. The business would therefore ideally suit an energetic owner who can develop the business to its true potential, which will undoubtedly increase the weekly sales, whilst ultimately enhancing overall profitability.

To fully appreciate this superb business opportunity, a viewing is highly recommended.


WEEKLY SALES
Currently shop sales average £15,000 approximately.

LOTTO
Weekly lottery sales approximate to £3,000.

OTHER
News Sheet £300-350pw
PayPoint £14,000 - £15,000pw
Payzone £1,000 pw
Comission £4,800 pa



ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Saturday 07:00 — 22:00
Sunday 08:00 - 22:00

STAFF
Managed by the owners with full/part time members of staff.

PROPERTY
The highly visible and imposing premises provides a spacious and versatile ground floor lock up retail space, plus a 2 bedroom self-contained flat.

TRADING AREAS
The welcoming sales area is bright and airy creating a welcoming environment. The business is well fitted with a comprehensive range of good quality fixtures and fittings, including a two point EPOS system with a scanner facility, air conditioning and digital CCTV.

RESIDENTIAL ACCOMMODATION
The first floor self-contained living accommodation comprises of 2 bedrooms, a bathroom, a lounge and a kitchen. Flat Rental Income is £5,800 Per Annum

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 £27,800pa exclusive of rates. Rent reviews are at 3 yearly intervals.

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


SUMMARY
This is an excellent opportunity to purchase an established and heavily relied upon business, with great future potential for growth. A viewing is therefore highly recommended to avoid disappointment.


Nearest stations

  • Bescot Stadium (0.8 mi)
  • Wednesbury Great Western Street (1.0 mi)
  • Wednesbury Parkway (1.1 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

  • Bescot Stadium (0.8 mi)
  • Wednesbury Great Western Street (1.0 mi)
  • Wednesbury Parkway (1.1 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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