Retail Property (high street) for sale

New Street, Market Place - WS3

£200,000

Property Description

Commercial information

  • Business for sale

Key features

  • Highly lucrative & heavily relied upon post office, confectionary, tobacco and news, off licence
  • WT £3,100, Post Office salary £94,000 per annum, News Sheet £300
  • Prime town centre position close major multiples, busy shopping area
  • Superbly fitted, potential accommodation, viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a highly lucrative off license, confectionary, tobacco, news and post office which occupies a prime trading position in a popular town in the West Midlands. The business is located on a busy pedestrian area at the heart of a bustling shopping area. Situated amongst a host of major multiple retail and food outlets, with a bus stop close by as well as being surrounded by a large number of residential dwellings. As you would expect, the area is a hive of activity throughout the day with high levels of footfall, generating high levels of both regular local and passing trade.

This well-known and heavily relied upon business has served the locality for over 60 years and during that time has forged strong relationships within the community, boasting an extensive and loyal customer base.

The store operates from highly visible and imposing shop premises, providing spacious and versatile ground floor retail spaces, interconnected with a first floor office suite.

The business is fitted to an exceptionally high standard with excellent quality fixtures and fitments, including a two point EPOS system with scanner facility, air conditioning, CCTV and ample refrigeration.

The business retails an extensive range of newspaper and magazine titles, confectionary, tobacco products, soft drinks, traditional beers, wines, spirits, greeting cards and stationary as well as also offering a host of post office services.

The business is successful and extremely lucrative, yet still offers genuine scope for growth and would therefore prove to be an ideal proposition for an ambitious and energetic family unit, who can extend the retail stock lines and the opening hours with potential to keep additional staffing levels to a minimum. This would naturally increase the weekly sales whilst reducing the overheads, therefore maximising overall profitability.


Sales
Currently shop sales average £3,100 approximately.

POST OFFICE SALARY
Annual PO income approximates to £94,000.

OTHER
News Sheet £300.



ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Saturday 08:30 — 17:30

STAFF
Managed by the owner with full/part time staff.

Building External
The highly visible and imposing property offers excellent ground floor retail space, with potential accommodation to the first floor. To the rear of the property is a large carpark, with greater potential to expand the business and for its location makes the property much sought after. On the first floor there are several offices, cloak room, W/C/s and a first aid room, staff lounge and kitchen.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


Building Internal
The spacious sales area creates a welcoming environment that is light and airy. The post office has a modern four position counter, a photo booth, large back offices, store room. The retail space is fitted to a very high standard, with a comprehensive range of excellent quality equipment with an additional combi till and also includes an EPOS system with scanner facility, air conditioning, CCTV and ample refrigeration.

MEASUREMENTS
Store — Approx. 1000 sq ft
Entrance — Approx. 1079.5 sq ft
Ancillary Offices — Approx. 461 sq ft
Stores (Filing and cleaning) - 237 sq ft
First Aid and locker room — Approx. 644.0 sq ft
Boiler House — Approx. 118.0 sq ft

The store size can be extended to approx. 3483 sq ft


RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available. There is the potential to build further above the flat roof of the premises.


TENURE
We are advised that the property is available as a leasehold, with a monthly rental of £4,000.

We are also advised there is a Freehold option

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


SUMMARY
This is a superb opportunity to purchase a first class business which is extremely lucrative. To avoid disappointment, viewing is highly recommended.


Nearest stations

  • Bloxwich (0.3 mi)
  • Bloxwich North (0.9 mi)
  • Walsall (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 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

  • Bloxwich (0.3 mi)
  • Bloxwich North (0.9 mi)
  • Walsall (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 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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