Convenience Store for sale

George Street, Luton, Bedfordshire, LU1

Guide Price £120,000

Property Description

Commercial information

  • Business for sale

Key features

  • Convenience & general store
  • Weekly taking approx. 16,000 plus Lotto
  • Next to shopping mall
  • All fixtures and fittings included

Full description

Tenure: Leasehold


DESCRIPTION
This is an exciting opportunity to purchase a well established and well known Premier Store, which occupies a prominent trading position, within a densely populated residential and commercial area of Luton situated on the entrance to one if the main shopping malls within the town centre. The area is subsequently a hive of activity throughout the day with continual footfall and activity ensuring the business attracts high levels of regular local and passing trade at all times although in our opinion trades with limited opening hours.

The business has been trading from the same location for many years, has forged strong relationships with the community and enjoys an enviable reputation and an extensive and loyal customer base built up by our client since the property was purchased in 2006.

The business operates from highly visible and imposing premises with a trading area approaching 3000sq ft (STS) plus basement facilities.

The store retails a good range of beers, wines, sprits, soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods, kitchen goods, tools, general household hard wear and additional services such as PayZone and mobile phone repairs operated by a third party who currently pay 10,000 per annum in rent.

Sanderson News benefits from good fixtures and fittings along with energy efficient fridges and freezers
This store is a thriving and highly lucrative business yet still offers terrific scope for future growth and improvement with the introduction of fresh fruit, vegetables and bread and would therefore ideally suit an energetic family unit who can develop the business to its true potential which will undoubtedly increase the weekly sales whilst ultimately enhancing overall profitability. To fully appreciate this business opportunity, viewing is highly recommended.

WEEKLY SALES
Advised weekly takings in the region of 16,000

LOTTO
Vendor to confirm lotto sales

ACCOUNTS
Current records and accounts can be inspected after viewing.

TRADING HOURS
Monday - Saturday 07:30 - 18:30
Sunday 10:00 - 18:0

STAFF
Managed by the owner along with help from additional full and part time staff.

PROPERTY
Highly visible premises situated at the entrance to a main shopping mall, offering spacious ground floor retail space with rear storage and staff areas along with a basement for additional storage.

TRADING AREAS
The sales area is bright and airy and is fitted to a reasonable standard with a comprehensive range of fixed and movable shelving, CCTV and ample refrigeration which include a 3m fridge for soft drinks and an additional 3m fridge for beers and wines along with further wine shelving.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is owned by the current operators who will provide a new 15 year lease on change of ownership with an initial rent of 40,000 exclusive (correct as advised on 11.07.14) with rent reviews at 5 yearly intervals.

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

SUMMARY
A fantastic opportunity to purchase a successful business situated in a densely populated residential and commercial area within the town centre. To avoid disappointment, viewing is highly recommended.

More information from this agent

Nearest stations

  • Luton (0.2 mi)
  • Luton Parkway (0.9 mi)
  • Leagrave (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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

  • Luton (0.2 mi)
  • Luton Parkway (0.9 mi)
  • Leagrave (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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.

Disclaimer - Property reference 42822. 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 ALTIUS GROUP LIMITED, Kings. 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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