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St Breward Stores, Row, Bodmin, Cornwall

Guide Price £349,950

Property Description

Key features

  • ESTABLISHED VILLAGE CONVENIENCE STORE/POST OFFICE
  • SPACIOUS OWNERS 4 BEDROOMED APARTMENT
  • ENCLOSED GARDEN WITH STONE OUTBUILDING
  • PART OF BUILDING LET (FORMAL LEASE)
  • GENUINE RETIREMENT SALE

Full description

An unopposed convenience store with spacious owners accommodation in a picturesque village on the edge of Bodmin Moor. Externally the property has enclosed gardens with a two storey stone barn, part of the main building is let to a local GP's practice at a rent of £380 pcm exclusive.

ESTABLISHED VILLAGE CONVENIENCE STORE/POST OFFICE
SPACIOUS OWNERS 4 BEDROOMED APARTMENT
ENCLOSED GARDEN WITH STONE OUTBUILDING
PART OF BUILDING LET (FORMAL LEASE)
GENUINE RETIREMENT SALE

Location - St Breward is a historic Moorland village situated on the western edge of Bodmin Moor. The village has a resident population of circa 900 and attracts visitors year round to the Moors which sees the store enjoy an uplift in turnover during the tourist season.

Description - St Breward Village Stores stocks a wide range of grocery produce including locally produced bread, dairy products, fresh fruit and vegetables, cold meats, as well as sourced tobacco and general household goods and also benefits from an Off Licence section.

The subject premises comprise in brief the main retail area with basement storage, owners 4 bedroomed apartment, enclosed rear gardens with vehicular access and a bedsit/studio apartment. In addition part of the building is currently let to a local GP who operates a part time surgery from the premises at a rate of £380 per calendar month exclusive (this is via a Formal Lease, which has been successfully renewed and is currently on the basis of the residue of a 5 year term).

We are advised the profit and loss for the most recent year (December 2015) show net sales in the region of circa £300,000, which after costs of sales produces a gross profit level of circa 20% and after making all normal adjustment the adjusted net profit is in the region of circa £30,000 per annum, representing a comfortable lifestyle income. A recent addition to the business (October 2015) was the introduction of the Post Office Local Plus facility, which is commission based and provides Post Office and Parcel facilities to the local community. Also, the introduction of the sale of newspapers and magazines etc which is currently equates to circa £500 per week of revenue.

We are advised the current owners have run the St Breward Stores since 1994 during which time they have become very much a pivotal part of the village and the wider community .

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

Shop - 8.27m x 5.63m whIch extends to 500 sqft is fitted with a range of fixed and free standing price edged shelving with a large refrigerated display unit, 2 clear topped chest freezers, bottle fridge, ice cream freezer, Service Point with enclosed cigarette cabinet, electronic scales, cash register. The business trades year round and is open from 7.30am to 8pm Mondays to Fridays 8am to 8pm on Saturdays 9am to 5pm on Sundays and is closed on Christmas Day and New Years Day.

The business is operated by our clients with the assistance of 3 key experienced part time members of staff.

Steps down to:

Cellar Storage - 8.79m x 5.46m approximately 500 sq ft with slate flagged flooring, 1 chest freezer, 1 fridge, access door to rear gardens.

Owners Apartment - Accessed both via the main retail area and separately from an external staircase to the rear elevation. The owners apartment comprises a spacious sitting room with far reaching panoramic views across the surrounding countryside, a well fitted kitchen/dining room, 3 double bedrooms, single bedroom and separate office and shower room.

Externally the property has a sizable enclosed garden to the rear elevation with vehicular access to one side with a 2 storey stone barn approximately 7.66m x 3.04m with double doors, which we understand has power and light connected.

Accessed from the gardens is a studio apartment in need of some refurbishment but is ideal for a teenager/dependent relative or indeed lettings and comprises a bed sitting room with shower and kitchenette.

Letting Unit - Part of the building which faces onto the main thoroughfare is as previously mentioned currently let to a local GP Practice at a current passing rental of £380 per calendar month. We are advised this part of the building has been successfully let initially on 10 year Leases to the GP Practice and more latterly on a rolling 5 year Lease.

General Information -

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate - The Energy Asset Rating for this property is within Band D.

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 that the premises currently has the benefit of an Off Licence for the sale of alcohol for consumption off the premises.

Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

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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