Petrol Station for sale

Knowle Petrol Filling Station Knowle Braunton, Devon, EX33

Offers in Region of £420,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: sui_generis_1

Full description

Tenure: Freehold

KNOWLE, BRAUNTON, DEVON EX33 2NA
On major tourist route
Petrol Service Station & Forecourt
General Store & Post Office.
Let repair workshop
High 6 figure turnover
Average 12k per week
Possible development potential
EPC rating D.
OIRO 420,000 FREEHOLD

LOCATION
The premises are in a high profile trading position on the main tourist route connecting Barnstaple, which is some 8 miles to the South, with the coast at Ilfracombe and Woolacombe approximately 4 miles to the North. The main road is the A361 and is a busy tourist route throughout the year. The village itself is a small hamlet with a very popular public house called the Ebrington Arms and numerous houses in the vicinity. A regular customer base is attracted to the post office and shop. In addition, in the summer months there is an additional boost of trade from holiday makers who flock to the area.

THE PROPERTY
A lock-up main road petrol filling station and Londis Convenience Store with adjoining Vehicle Display Area and small outlet on the right hand side and on the left hand side a Car Repair Workshop which is currently being let to provide an additional income of 1,700 per calendar month.

The shop offers approximately 797sq ft of retail space and is well fitted with shop counter, shelving and furnishings, subject to trade inventory. The site offers a wide eye-catching forecourt with four dispensing fuel pumps and illuminated canopy over and to the right a shoppers' car park. The forecourt provides a two lane concrete surfaced area with in and out access and over is a 2 post steel canopy with high intensity lighting and incorporating three pump islands with three dual pumps (4 unleaded, 2 diesel nozzles). Adjoining the small store is a toilet and log/coal cage.

TENURE
The premises are offered as a freehold property that is subject to an existing lease granted on the workshop for a term of 20 years from May 2005 with a current rent of 1,700 per calendar month.

THE BUSINESS
The business is that of a main Petrol Filling Station and General Store with Off-License (currently branded under Londis). Opening hours reflect the time of the year; generally Monday to Sunday, 7am to 8pm in the summer. The post office trades Monday, Tuesday, Thursday and Friday only opening 9am until Midday. The current Post Office salary is 5,921 per annum. The shop turnover averages, in the summer, between 8,500 and 10,000 per week and the remaining quieter months of the year between 7,000 and 8,000 per week. The Petrol Forecourt is supplied by BWOC. The current fuel volume lies in the region of 800,000 litres per annum and a margin in the region of 3.5p per litre is achieved of a reasonably competitive pole price. In recent years the unit on the right hand side has been utilised and let as a shop and could be utilised for a similar opportunity. Solar Panels were installed in June 2013 for own consumption and a feed in tariff.


MAIN FORECOURT SHOP 797 sq ft.

INTERNAL POST OFFICE 81 sq ft.

STOCK ROOM 187 sq ft.

UNIT 389 sq ft.

TENANTED PROPERTY:

WORKSHOP 2,389 sq ft.

MEZZANINE 150 sq ft.

FRONT OFFICE 108 sq ft.

CAR DISPLAY AREA Located on the left hand side of the forecourt for 7-8 vehicles.

SERVICES The premises are connected to mains water, electricity (along with PV panels with feed in tariff) and drainage. Security is provided by 7 CCTV cameras.

AGENTS NOTE This is an excellent opportunity for a family to acquire an established business. Alternatively the property could be purchased as an investment and the whole premises let providing a substantial rental income.

VAT We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

Nearest station

  • Barnstaple (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

The Wright Property, Barnstaple

19 Cross Street, Barnstaple, EX31 1BD

01271 374062 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

  • Barnstaple (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

The Wright Property, Barnstaple

19 Cross Street, Barnstaple, EX31 1BD

01271 374062 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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