Convenience Store for sale

One Stop Corner Shop, 143-145 Wallasey Village, Wallasey, Merseyside, United Kingdom, CH45 3LF

£399,950

Property Description

Commercial information

  • Business for sale

Key features

  • Turnover Y/E March 2017 - 276,353
  • Adjusted Net Profit c.67,000 per annum
  • Traditional CTN
  • Huge potential to increase trade
  • Includes two large apartments above
  • Densely populated area. Energy Rating D

Full description

Tenure: Freehold

Description

An extremely rare opportunity to acquire a long standing, well established traditional CTN store within a busy residential and commercial setting.

Location

Wallasey is a town within the borough of the Wirral in Merseyside, some 1.5 miles from the neighbouring town of Liscard and 2.2 miles from Leasowe. The store is within close proximity to the M53 and the A59 providing access to all major motorway networks.

One Stop Corner Shop is situated on Wallasey Village, in the heart of a large residential and commercial area.

Internal Details

The retail area is approximately 800 sq ft with tiled flooring and a suspended ceiling incorporating recessed lighting.

The retail area is fitted with racking, gondolas, and display gantries. The product mix includes greetings cards, confectionery, newspapers, and tobacco.

There is a storage area to the rear of the property.

Fixtures & Fittings

We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.

Letting Accommodation

The double fronted property benefits from a three and four bedroom apartment above. The three bedroom apartment is currently rented out for £450 per calendar month, generating £5,400 per annum.

The four bedroom apartment is currently being used as owners accommodation but could also be rented out.

We feel the market rent for each of these apartments would be between £550 and £600 per calendar month.

External Details

There is on street parking available as well as a garage to the rear of the property.

The Opportunity

The business has been owned by our client for over ten years and they have now taken the decision to retire. The business has been trading under an independent banner and is presented to an adequate standard. It is heavily relied upon by the local community and is in a strong trading position. The store also offers the National Lottery and PayPoint.

There is a vast amount of potential to increase the current figures by increasing the product range, including promotions and extending the currently limited trading hours.

Staff

The business is currently run by the owners with the assistance of one part-time member of staff.

Trading Information

Trading information shows an average weekly turnover of £5,300 per week excluding services. Gross profit margin is in the region of 31% and the net profit is showing £62,432 for Y/E 31st March 2017.

Full trading information will be made available to seriously interested parties, following a formal viewing.

Trading Hours

Monday to Saturday: 5.00am - 6.00pm
Sunday: 5:00am - 2:00pm

Regulatory

Premises License.


More information from this agent

Nearest stations

  • Wallasey Village (0.2 mi)
  • Wallasey Grove Road (0.3 mi)
  • New Brighton (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 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

  • Wallasey Village (0.2 mi)
  • Wallasey Grove Road (0.3 mi)
  • New Brighton (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 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 5613321-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 , Manchester. 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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