6 bedroom convenience store for sale

New Street, IP21

Guide Price £675,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops and C3 Dwelling Houses

Key features

  • Highly profitable business
  • Rural village location
  • Delightful accommodation
  • Redevelopment potential (STPP)

Full description

Tenure: Freehold

LOCATION
The property is located in the highly sought after village of Fressingfield, home to two pubs/restaurants; the acclaimed and award winning Fox and Goose, a fine restaurant and country pub and the Swan, a traditional pub and restaurant. Fressingfield also has a primary school and medical centre and is situated 12 miles east of Diss which offers high speed rail services to London and is just a 40 minute drive from the popular coast at Southwold. The resident population is approximately 1,000, however there is a much larger catchment area beyond which is within easy reach of the village. Fressingfield is also ideally situated for access to the market towns of Bungay, Harleston and Halesworth which are all only a short drive away.

DESCRIPTION
The store has an advised floor area of approximately 1,000sqft (enclosed plan is for indication purposes only). The store is fitted with equipment for the sale of general and convenience goods, frozen and chilled products, off licence, bake-off area, newspapers, magazines, cigarettes, local products, fresh fruit and vegetables, greetings cards, stationery, pharmacy, household and hardware products. A new chilled off-licence section has recently been installed at an advised cost of 4,000. There is also a fully equipped catering kitchen with bake-off oven and boiling top and a storage area.. All the fixtures and fittings are owned by the vendor outright.

BUSINESS
This shop has been owned and operated by our clients since 1998, during which time they have continued to expand and develop the business, update fixtures and fittings and have increased both product range and turnover, whilst trading under the Mace banner, with no other shops in the vicinity.
The whole premises offers a sustainable and profitable opportunity to purchase a highly desirable shop with spacious residential accommodation and a large garden to the rear. The house can either be occupied by the owners, or rented out as a viable independent residential investment (currently producing 995pcm). The shop is sustained by strong demand within the village and surrounding area.

TRADING HOURS
Monday to Saturday 06.30 to 20.00
Sunday 07.30 to 18.00

STAFF
The business is operated by 2 part time working owners with the assistance of 6 part time staff.

TRADING INFORMATION
Sales for the year end 31st March 2016 were 595,917, with a gross profit of 125,317
Further and more detailed accounting information will be made available to interested parties following a formal viewing of the business.

www.fressingfieldstores.co.uk

PRICE
The vendors are seeking 675,000 for the freehold interest of this business. (All fixtures, fittings and stock are specifically excluded from the sale, the stock will be valued at the time of sale)

LICENCE
The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licencing Act 2003 that properties retailing alcohol have a designated premises supervisor who must be the holder of a Personal Licence.
Prospective purchasers are advised to take the appropriate specialist advice.

FIRE RISK ASSESSMENT
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more employees, the property is under enactment of a licence or where an alteration notice has been served.

SERVICES
Mains water, electricity and drainage are available. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Selling Agents.

LOCAL AUTHORITY
Rateable Value 4,000
Rates payable 0-100% rural business rate relief

EPC
Commercial Energy Performance Certificate is Band c (69)

LEGAL COSTS
Both parties are to pay their own legal costs incurred in this transaction.

RESIDENTIAL ELEMENT
The residential element of the property is accessed at the rear and has half glazed Upvc entrance door leading into a spacious hallway with stairs to the first floor, tiled floor, useful storage cupboard with space for hanging coats and doors to all downstairs rooms. The kitchen/breakfast room is well fitted with an extensive range of matching 'shaker style' wall and base units including a wine rack, solid wood worktops, ceramic butler sink, tiled floor, windows to front and rear, double doors opening into the rear garden, dishwasher, plumbing for washing machine and 'Rangemaster' range cooker with gas hob and electric oven (available by separate negotiation) with extractor over. The dining room has an impressive brick fireplace housing a multi-fuel stove on a tiled hearth, window to front aspect and wood laminate flooring. The sitting room is a lovely sunny room with double doors opening into the rear garden and open fireplace with timber surround and brick hearth.

Stairs lead to the first floor landing with window to side aspect, exposed timbers and door leading to the roof space. The master bedroom has a step up from the landing with windows to the front and rear and door to en-suite comprising bath, WC, pedestal wash basin, fully tiled shower cubicle and windows to the rear and side. Bedroom three has a window to the rear aspect, wood laminate flooring and wardrobe cupboards with sliding doors and airing cupboard housing the pressurised water tank. The family bathroom has a Velux window and suite comprising corner bath, WC and wash hand basin. A step us from the landing takes you up to an inner landing with door to bedroom two with window to the front aspect and storage cupboard. The remaining three bedrooms are interconnecting, two singles (one currently being used as a study) and at the far end of the house is a large vaulted bedroom with dressing area with two windows to the front aspect and Velux window with door leading to the en-suite comprising fully tiled shower cubicle, WC, pedestal wash basin, tiled floor and Velux window.






More information from this agent

Nearest station

  • Halesworth (8.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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.

Floorplans


To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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 station

  • Halesworth (8.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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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