Commercial Development for sale

Albert Road Dairy, 242 Albert Road, Plymouth, United Kingdom, PL2 1AW

Guide Price £250,000

Property Description

Commercial information

  • Business for sale

Key features

  • Busy high street close to city centre
  • C. 450 sqft of trading space
  • Family run for 90 years
  • Large opportunity for development
  • Located opposite H.M Naval Base, Albert Gate
  • On street parking directly outside. Energy Rating E

Full description

Tenure: Freehold

Description

Albert Road Dairy is in a terrace of 12 retail shops that make up the Albert Road shopping high street. The three storey terraced, brick built property with rendered front and pitched tiled roof operates under a private branded facia.

The shop occupies the ground floor and is accessed directly from the pavement. The property front has display windows and a single door to its entrance.

There is on street parking for several cars to the front and a double garage at the rear.

The property is prime for re-development or change of use subject to planning and consents due to its favourable location.

Location

Albert Road Dairy is located in the western side of Plymouth, Devon. The business is situated directly opposite the H.M Naval Base, Albert Gate and a stones throw from the Torpoint to Davenport ferry crossing. Plymouth benefits from a large increase in population during term time, due to the successful University and colleges Plymouth have to offer. During the summer months there is a tourism footfall boost with attractions such as Drake Circus and the Barbican.

Albert Road Dairy benefits from a variety of independent owned shops complementing the convenience store which trades unopposed in the street. Plymouth is situated 30 miles west of Torquay and 24 miles south of Launceston.

Internal Details

Approximately 450 sq ft of sales area with a further 150 sq ft of storage area to the rear. Tiled floor and suspended ceiling with fixed lighting. One position point of sale near entrance with tobacco gantry and associated shelving. Two wall mounted shelving, one double door fridge for soft drinks and dairy products and one double door Pepsi branded fridge also containing soft drinks. There is a glass fronted deli counter offering fresh meats and food to go.

We understand from the vendor that the store is being constantly updated and maintained throughout to ensure the highest level of quality.

Fixtures & Fittings

We are advised by our client that the fixtures and fittings are wholly owned.

External Details

To the rear of the shop there is a small courtyard concrete garden with several out buildings perfect for storing goods. There is also a double garage to the rear with a sliding door, which is situated beside an alley way through to the rear of the property.

Owner's Accommodation

The two floor maisonette can be accessed via an independent access to the rear of the shop, and comprises:
First floor - Spacious living room and kitchen/diner.

Second floor - Three bedrooms and a bathroom.

The maisonette has previously been let on an Assured Short hold Tenancy for £440pcm.

The Opportunity

The store has traded in its location for c. 90 years and been operated by the current owner for 40 years.

Our client is reluctantly selling the business to retire.

Business is derived from traditional convenience sales including tobacco, news and magazines, National Lottery, fresh, chilled and frozen foods, ambient grocery products, bread and bakery, hot food, confectionary, snacks and soft drinks.

Albert Road Dairy represents an outstanding opportunity to acquire a superb located convenience store which trades unopposed.

Staff

The business is currently run under a husband and wife partnership with no staff members.

Trading Information

We have been provided with certified profit and loss accounts for the years ending 31 March 2014 to 2016. Showing a consistent net profit throughout the three year period of c. £30,000

Profit and loss accounts will be made available to interested parties on request.

Trading Hours

Our clients trade the business from 6:00am – 5:30pm, Monday to Saturday


More information from this agent

Nearest stations

  • Dockyard (0.3 mi)
  • Devonport (0.4 mi)
  • Keyham (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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

  • Dockyard (0.3 mi)
  • Devonport (0.4 mi)
  • Keyham (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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 3217045-fh. 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 , Exeter. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.