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Pod Stores, Egloshayle, Wadebridge, Cornwall

Offers in Region of 944 sq. ft. | £499,950

Property Description

Commercial information

  • 944 sq ft (87 sq m)

Key features


Full description

A well presented unopposed Convenience Store situated close to the town of Wadebridge and serving a large residential population. Spacious 3 bedroom owners arranged over 2 floors. Consistent turnover and profits. Internal viewing highly recommended.

Location - Pod Stores is situated on the principal pedestrian and vehicular thoroughfare on the eastern side of Wadebridge, is unopposed servicing a wide residential population. Wadebridge is an attractive town in North Cornwall, which straddles the River Camel, some 5 miles upstream from Padstow, famous for the Camel Trail which is a popular attraction for walkers, cyclists and horse riders.

Wadebridge has a number of national and niche retailers, primary and secondary schools and is famous for the Royal Cornwall Show which draws visitors from far afield. Wadebridge is consistently voted one of the best locations to live in within the Country, such is the desirability of the own, its amenities and proximity to the North Cornish coast.

The Property/Business - We understand a grocers has operated from this site for circa 100 years and is well known within the vicinity. The building occupies a corner position with natural stone elevations under a slate roof and is arranged over 3 floors. The retail area extends to circa 950 sqft in an L shape, with an extensive store to the rear. Accessed through the shop, over 2 floors is the very well presented 3 bedroom owners accommodation.

We understand a business has traded on this site for the past 100 years +, and has been in our clients tenure for the past 12 years who are now selling due to other commitments. The business opens all year with the exception of a few days over the Christmas and New Year period and opens from 7am to 9pm 7 days per week (with the exception of the weekends when the opening hours are 8am to 9pm).

The business is run by our clients with up to 4 additional staff members. The business has the benefit of Lottery, Pay Point, Cash Machine, off sales of alcohol and a parcel collection service. The retail area is extremely well presented and also has the recent addition of a small hot food takeaway facility to the side of the serving counter. It is considered the food operation could be significantly expanded, particularly to offer an in-store bakery.

We are advised the turnover for the year end February 2015 showed net sales of £442,398, producing a gross profit of 22.9% and an adjusted net profit of £55,056 (after deducting all normal overheads associated with the running of the business and wages and salaries). Further accounting information will be made available subject to a viewing appointment in the normal manner.

The Accommodation Comprises - (all areas and dimensions are approximate)

Retail Area - 10.22m x 5.21m plus 9.22m x 3.77m, a well equipped retail area with a comprehensive range of wall and free standing price edged shelving, commercial non-slip flooring, comprehensive range of display equipment including drinks chiller, chest freezers, newspaper racking etc and serving counter with takeaway facility. To the rear of the retail area through to:

Store Room - 7.76m x 3.41m, range of wooden racking and double opening doors allowing deliveries. Through to:

Further Store/Office - 9.67m x 1.89m, racking, space for desk etc and door through to staff wc. Stairs ascending to:

First Floor - Entrance hall, space for shoes and coats etc through to:

Large Landing - Door to:

Kitchen / Dining Room - 3.76m (max) x 5.83m, windows to front elevation overlooking recreational park, feature fireplace, radiator. Range of base and wall units, 4 ring gas cooker with extraction over, pantry.

Living Room - 4.92m x 4.06m, a very attractive room with large windows to 2 sides overlooking the park, radiator. Gas burner with wooden mantel over.

Off the hallway:

Cloakroom - WC, wash hand basin, window to rear elevation.

Bath Shower Room - 2.51m x 1.99m, bath, separate shower, pedestal wash hand basin and heated towel rail.

Utility Area - With wooden racking and space for washing machine/tumble dryer etc.

Stairs - Ascending to the first floor landing with office area.

Bedroom 1 - 4.70m x 2.76m, dormer window to front elevation and one window to the side, built in cupboards, radiator.

Bedroom 2 - 4.81m x 2.19m, dormer window to the front elevation, radiator.

Bedroom 3 - 3.36m x 2.77m, velux window to side elevation, radiator.

Outside - Door to the rear elevation with enclosed private patio with space for a table and chairs and potted plants etc.

Tenure - Freehold -

General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence - We understand the business currently holds a relevant Premises Licence in respect of the sale of intoxicating liquor for consumption off the premises.

Business Rates - We refer you to the valuation office website or call 0300-1234-171

Services - To be taken at valuation

Stock - To be taken at valuation

Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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