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Spar, 15 Market Place, Louth, Lincolnshire, LN11 9PB

£149,995

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Convenience store for sale

Key features

  • Great location with excellent footfall
  • In-house bakery
  • Weekly turnover of approximately c. £18,400
  • Close to a number of amenities
  • Located on a busy high street
  • Excellent sized plot with good frontage, EPC Rating D
  • Christie & Co Ref: 5710882

Description

Location

The Spar is well located in a market town in Lincolnshire. The store is approximately 15 miles from Mablethorpe and 28 miles to Lincoln respectively. As a result, the area has good public transport and a great road network with easy access to the A16. The closest rail service is Market Rasen Station, which provides good links to all the major cities across the UK. Louth offers a wide variety of amenities ranging from shops, restaurants, cafes, medical institutions a secondary and primary school.

Internal Details

Internally the retail trading area extends to approximately 1,808 sq.ft. The trading area has several central gondola units with a number of dedicated chillers and freezers around the perimeter of the shops trading area. The payment kiosk is located to the right-hand side of the entrance which showcase a range of alcoholic spirits and cigarettes. To the rear of the trading area, you will find the ancillary areas which include: 4 storerooms, a bakery and 3 fridges. The stairs to the first floor are located in the hallway and lead to a staffroom and 3 W.C’s.

Fixtures & Fittings

All fixtures and fittings will be listed before an exchange of contract in a detailed inventory.

External Details

Externally, the property benefits from on-road parking.

The Opportunity

The Spar offers an excellent opportunity for an experienced operator to acquire a business with scope to increase the turnover. The store will suit a multi operator who is looking to build on the excellent foundation of the current operator.

Staff

A staff schedule can be provided upon request.

Trading Information

We are in receipt of till data for the past 52 weeks which shows an average turnover of £18,400. These can be provided upon request.

Trading Hours

The store currently opens 7am – 9pm Monday to Wednesday, 7am – 10pm Thursday, 7am – 11pm Friday to Saturday & 8am – 9pm Sunday.

Tenure

The property is available for leasehold. The current rent payable is £41,000 per annum and there is approximately 13 years left on the existing lease.

Business Rates

The current rateable value is £41,250 as of the 1st of April 2023.

Energy Performance Certificates

EPC 1

Brochures

Spar, 15 Market Place, Louth, Lincolnshire, LN11 9PB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cleethorpes Station13.6 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5710882-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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