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Commercial Property for sale

Week St. Mary, Holsworthy, Cornwall, EX22

£225,000

Property Description

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Tenure: Freehold

LOCATION
Overlooking the village square, in this popular setting within the village of Week St Mary, located approx. 11 miles from Launceston and 8 miles from Bude and the North Cornwall coastline. The village is easily accessed off the A39 Atlantic highway and serves the surrounding rural hinterland. The village is an expanding centre with various new developments due to be completed soon, increasing the number of houses within the village and the population, which will equally increase the customers to the shop.

THE PROPERTY
The property comprises of a mid-terraced commercial premise offering approx. 545 sq ft of retail space, with 2 stock room areas and office on the ground floor. To the rear approached from an external staircase is a self-contained 2 bedroom apartment. The property has a small area to the rear and beyond this a parcel of land which has planning consent for a building plot, planning permission number: E1209/01604. This is for a three bedroom 2 storey dwelling. This part of the land is available at an additional cost, the quoted price of £90,000. The village shop itself as a going concern is available for £225,000 or the two combined together at the price of £285,000.

THE BUSINESS
Now available for genuine reasons due to the impending retirement of the owner who has been in residence for 35 years. The business is that of a traditional village post office store, tobacconist, confectioners and stationary shop. The shop opens 8.30 am - 6 pm Monday - Saturday and 9.30 am- 12 pm on Sundays. The shop offers counter news sales, has a lottery machine, and provides a full range of items for sale. Also trading as an off licence and is staffed under the personal supervision of the proprietor and 2 part time staff (each working 9 hours per week). We understand the turnover is approx. £210,000 per annum, which producing a healthy net profit. The post office is now under the control of Bude Post Office and acts as an outreach office and therefore paid for the amount of work which is conducted through the post office counter. We understand the post office will be offered fully equipped as a going concern, subject to trade inventory and to the items on free loan. The stock can be purchased at valuation, currently running between £15,000- £18,000.
The owners will also consider a lease of the ground floor lock up shop for an ingoing premium of £30,000 and £500 per calendar month rental.

The accommodation briefly comprises:

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