The Pavilion Garden Centre, Bridgnorth Road, Pattingham, Wolverhampton, West Midlands, WV6 7EZ
- SIZE
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- SECTOR
Out-of-town retail property for sale
Key features
- Established garden centre business
- Available on new long term lease
- Gross internal area 1033sqm (11,129sqft)
- Strong concession rental income (c. £44k pa)
- Affluent local catchment
- EPC instructed
- Christie & Co Ref: 4211009
Description
A rare opportunity to acquire a going concern garden centre business on a new lease, located on a main A-road in an affluent area on the south west of Wolverhampton.
The garden centre is a long established business, well known in the local area and offers a great opportunity for a new operator to acquire the business on a new lease. Pavilion Garden Centre is a profitable business with considerable scope to grow the business.
The garden centre is located on the A454 and is an extremely prominent landmark on this road, easily visible to vehicles travelling in either direction. The garden centre is well positioned to benefit from the high numbers of people living within a 20km radius of the site, at the last census this figure was approaching 1,300,000 people. Analysis of the more immediate population shows there to be around 40,000 people living within a 5km radius of the site and the demographic indicators are favourable with higher than national average employment, home ownership and numbers of individuals in the higher SEC 1 and SEC 2 groups, indicating higher levels of income.
The centre also benefits from a degree of passing and tourist trade, given its location between the Midlands and Wales, and close proximity to the Shropshire Hills area of outstanding national beauty.
The garden centre is a striking glasshouse offering a fantastic customer experience and charming garden centre retail area. The first floor is currently an office and storage, but offers scope for further retail.
The building is offered in a good state of repair, following several years of improvements and renovations by the current owner. To the front of the site is a large customer parking area, the maintenance costs of which are shared with neighbouring businesses. To the side of the centre is the goods in and storage and operations area. The plant area is a good size and offers a mixture of covered and non-covered retail.
The garden centre currently offers a limited range of products, focusing largely on Horticulture and pots and horticultural products. The outdoor living and garden furniture is run by a concession holder at present. In the last two years the business has increased the range of homewares, giftware and seasonal offerings but there remains much scope to continue to grow this side of the business.
The large plant area is well laid out, level and benefits from recent improvement works and now offers a great platform for an operator to drive this profitable aspect of the business.
The business is run by the owners with the assistance of a number of part time staff. The wage bill for the Year ending March 2023 was £135,479. The staff are anticipated to be transferring under TUPE.
Trading InformationFull accounting information is available to potential purchasers upon request. The business currently receives a strong rental income of circa £44,000. The garden centre has a strong retail performance with the adjusted net profit in both of the last two years being over £125,000.
Business RatesThe rateable value for the garden centre from April 2023 is £56,500. The current rates payable for the year 2023/ 2024 is £7,232.
Energy Performance Certificates
EPC 1Brochures
The Pavilion Garden Centre, Bridgnorth Road, Pattingham, Wolverhampton, West Midlands, WV6 7EZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Codsall Station4.7 miles
- Bilbrook Station4.7 miles
- Albrighton Station5.1 miles
Notes
Disclaimer - Property reference 4211009-lh. 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 Christie & Co, Retail. 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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