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Trescobeas Stores, 2, Trevaylor Road, Falmouth, Cornwall

£65,000

Property Description

Key features

  • ESTABLISHED COMMUNITY CONVENIENCE STORE
  • CIRCA 380 SQFT PLUS STORE
  • 2-BEDROOM OWNERS' ACCOMMODATION
  • CONSISTENT TURNOVER AND PROFITS
  • NEW SECURE LEASE
  • ENERGY PERFORMANCE ASSET RATING 'D'

Full description

AN ESTABLISHED COMMUNITY CONVENIENCE STORE WITH 2-BEDROOM OWNERS' ACCOMMODATION IN THE POPULAR TOWN OF FALMOUTH ON THE SOUTH COAST OF CORNWALL
CONSISTENT TURNOVER OF £300,000 (NET)
THE BUSINESS IF OFFERED WITH THE BENEFIT OF A NEW SECURE LEASE

Location - Trescobeas Store occupies a prominent trading location on a residential estate, close to the popular harbour town of Falmouth. Falmouth has seen significant investment in recent years in its infrastructure, residential and commercial property and indeed the university, which has brought great prosperity and interest to the town.

The Property/Business - The store operates as a community convenience store and comprises approximately 380 sqft of retail space and to the side and the rear of the property a further store. We understand the business has trading on this site since circa the 1950s, and has been in our client's tenure since 2006, trades 7 days a week between 7.00am and 10.00pm and is concerned with the sale of general groceries, has the benefit of the Lottery and Payzone and an alcohol licence.

We are advised the turnover is in the region of £300,000 (net of VAT), with a gross profit level of 22%. The business is to be sold with the benefit of a new Local Authority 18-year lease commenced October 2015, with a current passing rental of £5,500 for the first year, rising to £6,500 in the second year and £7,500 in the third year, then reverting to a regular 3-year rent review pattern; held on a Full Repairing and Insuring basis and which includes the addition of the adjacent 2-bedroom property.

The Accommodation - (All areas and dimensions are approximate)





Retail Area - 7.3m (overall length) x 4.84m (average) and is of irregular shape plus further area 2.55m x 2.05m. A well-equipped retail area with tiled floor, window and door to front elevation. Fixed and freestanding shelving, Chiller cabinet, Tiller cabinet, fridge and freezer. Built in serving counter. To the rear of the shop is a staff WC.

From the rear door access into a cupboard area and in turn leading to a:

Store - 4.37m x 2.8m.

Owners' Accommodation - Attached and situated to the side of the property, front garden with central pathway leading to entrance of the property heading into:

Lounge - 4.84m x 3.72m, window and door to front elevation, feature fireplace through to:

Kitchen - 4.98m x 2.48m, tiled floor, two windows and one door to rear elevation. Base units, central drainer unit, under stairs cupboard. Door to rear patio garden. Stairs ascending to first floor:

Landing - With access to loft and storage cupboard.

Bedroom 1 - 4.92m x 3.01m, window to front side elevation, feature fireplace, built in wardrobe.

Bedroom 2 - 3.15m x 3.02m (maximum), reducing to 1.30m. Window to rear elevation.

Outside - As previously noted, small front and rear garden.

Tenure - We are advised the turnover is in the region of £300,000 (net of VAT), with a gross profit level of 22%. The business is to be sold with the benefit of a new Local Authority 18-year lease commenced October 2015, with a current passing rental of £5,500 for the first year, rising to £6,500 in the second year and £7,500 in the third year, then reverting to a regular 3-year rent review pattern.

N.B. We are advised the adjacent property can be occupied by the tenant themselves, or indeed an employee of the business.

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

Energy Performance Certificate - The Energy Performance 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.

Vat - 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.


More information from this agent

Nearest stations

  • Penmere (0.5 mi)
  • Falmouth Town (1.1 mi)
  • Penryn (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 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

  • Penmere (0.5 mi)
  • Falmouth Town (1.1 mi)
  • Penryn (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 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.

Disclaimer - Property reference 26451853. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Commercial, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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