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Commercial Property for sale

Holbrook Lane, Coventry

Offers in Excess of £40,000

Property Description

Key features

  • COMMERCIAL
  • 15 YEAR LEASE
  • GOOD LOCATION
  • OPPORTUNITY TO INCREASE REVENUE
  • POTENTIAL TO RENT MORE SPACE IF REQUIRED
  • SALES AREA 850 SQ FEET
  • SUBJECT O 3 YEAR RENT REVIEWS
  • RENT 12000 PER ANNUM
  • INCOME NET OF VAT FOR 2015 100,353

Full description

LEASE FOR SALE

CONVIENIANCE STORE WITH OFF LICENCE AND LOTTERY LEASE FOR SALE DUE TO RETIREMENT.

This long established business has been running for 42 years and has the potential to increase the current income by opening longer hours. The store opens at present from 6.30 am to 7.30 pm Monday to Saturday although it has a licence to open till 11.30 pm.
The sale price is to purchase the lease which will be 15 years on completion, rent to pay £1000 per month, rates £137. There is an option to purchase the stock and rent the store next door should you require a larger space.

This store is generating an income of £3000 to £3500, Lottery £2000 to £2500 and pay zone £800 per week.

Huge potential to increase income as the store does not currentley open on Sundays and bank holidays, potential 12 weeks increase.

An excellent opportunity to have your own business in a busy area close to residential and commercial businesses providing a steady flow of customers.


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