Convenience Store for sale

Spar Stores & Rock Estate Post Office, 96-100 Hall Road, Oulton Broad, Lowestoft, Suffolk, England, NR32 3NN

£420,000

Property Description

Commercial information

  • Business for sale

Key features

  • Total sales Y/E 30/04/2017: 282,967
  • Gross profit Y/E 30/04/2017: 48,729
  • Post Office 'local' salary c. 14,000 p.a.
  • Extensive 4 bedroom accommodation
  • Established high quality convenience store
  • Ideal family business. Energy Rating E

Full description

Tenure: Freehold

Description

A linked, two storey building constructed of brick elevations under a pitched tiled roof, with the convenience store and Post Office located on the ground floor and the accommodation on the first floor.

Location

Located in the centre of a residential estate in Oulton Broad, which is on the outskirts of the Suffolk town of Lowestoft and can be reached via the A12 from London, approximately 140 miles to the south and the A47 to the west, with Norwich approximately 50 miles distant.

Lowestoft also has a mainline intercity rail link to London Liverpool Street.

Internal Details

The store has an open plan sales area of approximately 1,500 sq ft and is fitted and equipped for the sale convenience goods, frozen and chilled products, a full off licence, a chilled off licence, confectionery, newspapers, magazines, cigarettes, fresh fruit and vegetables, local products, pharmacy and medical products, stationery, hardware and DIY products, fancy goods and gifts and pet food. The business is also a National Lottery and PayZone Agent.

To the rear of the store there is a staff restroom and stockrooms, with an office located on the first floor.

The store further benefits from full CCTV and alarm systems.

Fixtures & Fittings

We are advised by our clients that all of the trade fixtures and fittings are owned outright, with the exception of any free loan soft drink chillers.

External Details

The store is situated in a highly visible, corner location, leading into a large housing estate, which is on a main local bus route.

There is ample on road parking for several cars close by and there is also a disabled ramp into the store.

Owner's Accommodation

The modern, self-contained accommodation has recently benefitted from a high level of investment and comprises four bedrooms, kitchen/diner, lounge, bathrooms/shower rooms & WCs and there is also further accommodation available in the loft conversion.

The accommodation can be reached via the rear of the property and is accessed via a metal staircase onto a rooftop patio area.

The Opportunity

The business has been owned and operated by our clients since 2009, during which time they have invested in excess of £100,000 into both the convenience store and Post Office and the living accommodation.

We believe this to be an ideal opportunity for a family or operated as a second business by an experienced local operator.

Staff

The business is run by two part time family owners, with the assistance of three part time members of staff.

Trading Information

Total sales for the year ended 30 April 2017 were £282,967, with a gross profit for the same period of £48,729. The new 'local' Post Office model is receiving circa £14,000 per annum in commission payments.

Further and more detailed trading information will be made available to interested parties following a formal viewing of the business.

Trading Hours

Monday to Saturday 7:00am to 8:30pm
Sunday 8:00am to 8:00pm

Business Rates

The Rateable Value is £10,250 for the year commencing April 2017.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • Oulton Broad North (0.4 mi)
  • Oulton Broad South (0.6 mi)
  • Lowestoft (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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

  • Oulton Broad North (0.4 mi)
  • Oulton Broad South (0.6 mi)
  • Lowestoft (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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.

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