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Retail Property (high street) for sale

Bellegrove Road, Welling, DA16

£15,000

Property Description

Key features

  • MODERN CONVENIENCE STORE / BUSY TRADING POSITION
  • WELL PRESENTED SALES AREA OF 750 SQ FT
  • NATIONAL LOTTER AGENCY / BUS PASS SALES
  • SCOPE TO GREATLY INCREASE SALES
  • INTERNAL VIEWING IS ESSENTIAL

Full description

Tenure: Leasehold

LOCATION:
Welling is a district in the London Borough of Bexley. It is a suburban area situated between Shooters Hill & Bexleyheath, north of the A2 and some 10.5 miles East/South East of Charing Cross.

The subject property enjoys a strong trading position in the centre of the town and benefits from a high volume of passing trade. The immediate surrounding area is an established retail area and nearby businesses include, Boots Opticians, Superdrug, Screwfix, Mcdonald's, Ladbrokes, Paddy Power, KFC, Lloyds, Poundland and many independent and specialist retailers. Bellegrove Road and Welling High Street is a very busy local thoroughfare, buses frequently pass the door and Welling railway station is within easy walking distance.

DESCRIPTION:
There is a modern open plan rectangular shaped sales area of around 750 square feet with behind an office of 70 square feet, a small store room of 45 square feet plus a W/C. The custom base comprises a broad mixture of people working within the area, residents within the immediate locality and shoppers.

Due to genuine personal issues our client hasn't been able to attend the shop recently and has relied upon her family to help. This has seen the trading hours having to be reduced to 11am to 5pm Monday to Saturday and a lack of investment in stocking the shop.

Newspapers are purchased through John Menzies with an average weekly wholesale news bill of £150. The limited product range comprises confectionary, newspapers & magazines, greeting cards, cigarettes & tobacco, essential groceries and stationary.

We feel that an excellent opportunity exists for hands on and enthusiastic owners to extend the opening hours and fully stock the shelves to immediately increase weekly sales.

TRADING INFORMATION:
Due to the circumstances mentioned above we have been advised that weekly sales are around £1,500. Supplementary income is generated from the National Lottery Agency and the sales of bus passes. Interested parties are advised to confirm weekly takings at the time of viewing.

TERM:
The premises are held on a 10 year lease from July 2013 at a passing rental of £16,500 which will be subject to a review in 2018.

RATES:
We understand from our enquiries Bexley council that the rates payable are £6,655 and the rateable value is £13,750. We were informed that these figures will not be changing for 2017/18.








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