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Convenience Store for sale

32-36 Monkmoor Road, Shrewsbury, SY2 5AR

Guide Price* £255,000
129 sq. m.

Property Description

Commercial information

  • 1,393 sq ft (129 sq m)

Key features

  • Ground Floor Retail
  • Ground Floor Storage
  • Residential Above
  • Freehold Title
  • 129.5m2
  • Prominent Corner Position

Full description

Tenure: Freehold

FOR SALE BY AUCTION on 12th December 2016 at 1PM. Auction to be held at Nottingham Racecourse Colwick Park Close, Nottingham NG2 4BE. Terms and conditions apply.

Pattinsons are delighted to offer this commerical property with residential above located in Shrewsbury, the picturesque county town for Shropshire, England. With a population of 100,000, the town is set amidst glorious countryside near to the Welsh Borders and is one of England's finest medieval market towns. The property is a mini supermarket with a complete range of retail shelving, counters, fridges and freezers as well as a magazine rack, greeting card racks, point-of-sale merchandise, sweet racks, two electronic tills positions, lottery machine terminal and a scratch card point-of-purchase display. The store also has a cigarettes gantry, Pay Point terminal and internal cash machine along with a fully fitted alarm, double glazing and air conditioning.

Current average weekly takings are in the region of 9,500 with scope to increase excluding services. The current news bill is 800 per week, Lottery 1,000 per week and Pay Point of 500 per week. Trading hours are 7am to 10pm, 7 days a week. Business Rates are approx 4,340 PA, Council Tax TBC.

Please note that Pattinsons have not inspected this property.

This substantial property is set off a main road leading to the town centre with road links to the A5, M54, A458 and A49. It is a freehold two storey end-of-terrace premises which is situated on a very visible corner and has a wide frontage onto the main Monksmoor Road. The area as a whole is predominately residential and the surrounding streets provide ample parking for customers and passing trade with regular footfall and key bus root via the busy road.

GROUND FLOOR (main sales area, approx. 900sq. ft):
The ground floor provides a public entrance to the open plan fully fitted retail sales area.

GROUND FLOOR (storage area, approx. 300sq. ft):
The back of the store houses a storage room, ground floor W.C. and a rear access doorway with small yard space for deliveries etc.

FIRST FLOOR (residential):
The first floor is a two bedroom flat, accessed from the rear of the shop via a separate entrance. It can also be accessed via the back garden door should any potential purchasers want to lease the accommodation as a standalone unit. The upstairs apartment has been refitted and comprises of the following: spacious lounge, office/study, fully fitted kitchen, two good sized bedrooms, fully fitted bathroom and double glazing.

Freehold. Title number SL131521.

The adopted rateable value is 9,400 as effective from 01 APRIL 2010.

Available upon request.

Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.

The subject property is sold under the buyer's premium section of the auction; this means a successful buyer shall pay a premium of 5% against the final agreed purchase price plus VAT, subject to a minimum fee of 5,000 + VAT, to Keith Pattinson Ltd on acceptance of an offer. THIS FEE IS NON REFUNDABLE.

This commercial property is also unconditional; this means that a successful bidder upon acceptance of an offer must pay the buyer premium plus VAT to Keith Pattinson Ltd, and is also required to exchange contracts on the day together with the submission of a 5% deposit against the purchase price. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. This means any interested parties wishing to make an offer on a property/site must be in funds for both the buyer premium and the deposit, both to be placed with and held by Keith Pattinson Ltd.

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Disclaimer - Property reference 1110. The information displayed about this property comprises a property advertisement. 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 Pattinson Estate Agents, Commercial. 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 4251507.

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