Convenience Store for sale

Spar & Post Office, 5 Church Street, Portknockie, Moray, AB56 4LN

Under Offer £199,999

Property Description

Commercial information

  • Business for sale

Key features

  • Coastal village location
  • Weekly sales c. 6,500 (ex vat & services)
  • 2-bed owner's accommodation
  • Monopoly trading position
  • Lifestyle opportunity
  • Energy Rating G

Full description

Tenure: Freehold

Description

An excellent lifestyle business opportunity within an attractive coastal village in the north of Scotland.

The business is very much at the heart of the local community as the only outlet offering such a range of goods and services. In addition the property also offers delightful two bed owner's accommodation.

Location

Portknockie is a cliff-top village overlooking the Moray Firth in the North-East of Scotland, midway between Aberdeen and Inverness. The village boasts a population of around 1,250 residents with local primary school, bakery and Post Offices services within the subjects. Nearby towns Elgin and Banff are 22 and 15 miles away.

The subject property is located centrally with the village along Church Street and next to the main bus stop.

Internal Details

The shop has recently benefited from a full, modern refit and upgraded refrigeration. The result overall is a better customer experience and ability to stock a wider range of ambient and chilled products. The main sales counter is combined with the single Post Office station providing easy access for a single staff member to operate.

Towards the rear is the main store room, staff area and toilet. A garage to the side of the property can be accessed internally although is used for storage only at present.

Fixtures & Fittings

We have been advised that are fixtures and fittings are owned outright.

Terms

The business and 2-bed accommodation is available on a freehold fixed price of £199,999 plus stock. A new FRI lease option is also available with a premium of £10,000 plus stock sought and a starting rent of £10,000 per annum (business only). The flat is available separately.

Our clients are also willing to consider a tenant option to purchase during the lease and are open to negotiation on this point.

Owner's Accommodation

Attractive and recently decorated owner's accommodation consisting of the following: Hallway, bedroom 1, bedroom 2, living room, kitchen and shower room. The accommodation is currently let out at a rental of £440 per month, however, it is anticipated the property will be available with vacant possession.

The Opportunity

As the only store in the village the business has no immediate competition and offers a vital link to the residents and their weekly shopping needs. The range of products are typical with most convenience stores and this includes a range of wines, spirits and beers.

Currently the store is achieving sales in the region of £6,500 per week, excluding services and VAT. The store also offers a Post Office 'Local' service with additional income derived from the services on offer. This is currently generating around £500 per month in terms of income for the business.

Further income streams include the ATM and National Lottery facilities.

Staff

The business is currently run fully under management. Further details will be available on request.

Trading Information

Management accounts will be provided on request post formal viewing stage.

Trading Hours

Monday to Friday - 7.30am-7pm
Saturday - 7.30am-8pm
Sunday - 8am-4pm

Business Rates

The commercial property is currently under the threshold and available for 100% relief (subject the status).


More information from this agent

Nearest station

  • Keith (11.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 station

  • Keith (11.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 5218553-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 , Edinburgh. 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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