Retail Property (high street) for sale

Norwich, Norfolk, NR2/3

£197,500

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

Location, location, location! This chain of three stores has it in spades. Norwich City is regarded as one of the top ten U.K. shopping and visitor destinations and these three stores cater not only for their needs but the many thousands of workers who pass by each and every day. Well located near the main tourist attractions of the castle and cathedral, all are within a small radius in the city centre making management and delivery logistics simple. These highly profitable stores come to market for the first time.

Offering all the traditional items you would expect as well as lotto and instants these well presented stores will offer the new owner a highly profitable business with scope to grow and add even more value.


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
All three stores are immaculately presented and are located in really busy main pedestrian thoroughfares attracting large numbers of regular, tourist and impulse shoppers. They are all within a short walking distance of each other making management easy.

White Lion Street - Located near the castle and opposite Primark and other national retailers, with a large passing footfall, c 300sq ft of retail space, large cellar storeroom and office, w.c. and kitchen, air con, two chillers, selling cigarettes, sweets, papers, magazines, limited groceries, cold drinks, lotto and instants.

Tombland - Located opposite Norwich Cathedral and Norwich School, also with a large passing regular and tourist trade, c 400 sq ft retail space, benefits from ground floor and first floor store rooms, staff room kitchen and w.c. Has air con, two chillers, selling as above plus central gondola with groceries. Also has an ice cream fridge.

London Street - Located at the top end of the main artery of the walk through Norwich City Centre. Some c 500 sq ft of retail space. four metres papers and magazines, three meters sweets, two metres cards, two chiller drink cabinets, ambient fridge for sandwiches, snacks etc. Large rear office, w.c. and storeroom.


THE BUSINESS ITSELF

This excellent city centre business is highly profitable and is ripe for a new owner to exploit further. Run by the vendor, his wife and twelve part time assistants, there is much scope to further increase the profitability of this venture. With a turnover in excess of 1.1 million, net of VAT and lotto sales/commission, the business returns a high G.P for an operation of this nature.


INFORMATION

Our Reference
T327978E.

Tenure
Leasehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

Premier Marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!

Unhappy?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Nearest stations

  • Norwich (0.5 mi)
  • Salhouse (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 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

  • Norwich (0.5 mi)
  • Salhouse (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 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 T32797E. 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 EM&F East Anglia, Norwich. 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.

Map data OpenStreetMap contributors.