Retail Property (out of town) for sale

Great Bridge, Tipton, West Midlands, DY4

£100,000

Property Description

Full description

Tenure: Leasehold

PROMINENT FURNITURE RETAILER - WEST MIDLANDS
Superb trading location on busy high street
Ideal first time buyer opportunity
Potential to introduce new lines
Currently run at a pace to suit
Genuine retirement sale
Large corner premises
LEASEHOLD

Location
This large furniture retail business is located in a prominent corner position on a busy high street in the popular town of Tipton, West Midlands. The business benefits from healthy passing trade and high levels of footfall due to it being surrounded by a wealth of complimentary shops and commercial concerns. The premises are well signed and enjoy a prime location being next to a crossing and directly opposite a bus stop. As well as four private parking spaces the business is within easy distance of free communal car parks and on road parking which makes shopping easy for customers. Tipton is a bustling commercial and residential town having good schools and hospitals, affordable housing, historic attractions and reliable public transport services. There are many neighbouring areas within a short drive such as Wolverhampton, Dudley, West Bromwich and Walsall. Birmingham city centre is approximately 9 miles away where attractions like the Bullring Shopping Centre and the National Indoor Arena are situated. Accessing the area is very easy via the M5 motorway which is within a short distance and links to the wider motorway network including the M6, M40 and M42.

Business History
Meridian Business Sales are delighted to offer to the market this superb household furnishings business which was established in 1990 and has been in the careful hands of our client since 2012. During our client's ownership of the business they have enjoyed regular and repeat trade and have built a solid reputation for quality products at reasonable prices. The only reason the business is being offered to the market is due to our client's well deserved, pending retirement. Customers are attracted to the business by impressive window displays and a varied product range. The spacious showroom was originally four shops and as such boasts a large open plan and welcoming retail area. This enables our client to display large and diverse products. Our client's inform us that they currently generate a respectable annual turnover which is derived from the sale of a wide range of products such as beds, sofas, suites and all manner of furniture items. Currently our client relies solely on passing trade and existing reputation and we believe the business could be further enhanced with pro active marketing and a web presence. Our client is prepared to offer assistance during any handover period to ensure a smooth transaction. Viewing is highly recommended.


Tenure
We are advised Leasehold
Original Length 5 years
Remaining 1 year
Review 5 years
Rent 20,000pa

Opening Hours
To be confirmed

Accommodation
Highly visible single storey corner premises briefly comprising:

Prominent signage
Fully glazed frontage
Eye-catching window display
Main double door entrance leading to large, bright, open plan retail sales area
Impressive stock displays
Well fitted to suit trade
WC

Small cellar (not currently utilised)

EXTERNAL

Rear car park for four vehicles



Nearest stations

  • Dudley Port (0.8 mi)
  • Black Lake (0.9 mi)
  • Swan Lane (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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

  • Dudley Port (0.8 mi)
  • Black Lake (0.9 mi)
  • Swan Lane (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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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