Convenience Store for sale

Costcutter, 44c Argyll Buildings, Shore Road, Kilcreggan, G84 0JH

£190,000

Property Description

Commercial information

  • Business for sale

Key features

  • Pre-COVID 9,5kpw (15k pw currently)
  • Stunning location
  • PayPoint, Lottery & scratch cards
  • Internal cash machine
  • Alternative use potential
  • Energy Rating F

Full description

Tenure: Freehold

Description

The business occupies a section of the ground floor of a former two storey merchant mansion building, with Boots occupying the other half along with a small local butcher. This Victorian Building is of stone construction with a pitched tiled roof. The total floor space is 148.3 square metres (1596 sq ft.).

The store has a separate entrance and exit door along with four large windows (currently covered with internal shop graphics).

There are parking spaces directly in front of the store and there is also a car park directly across the road from the shop. The store is situated on Shore Road, the main thoroughfare through the village of Kilcreggan. The ferry pier that links the village with Gourock also sits adjacent to the store alongside the main car park.

Location

Kilcreggan is a resort village located at the South tip of the Roseneath Peninsula, Argyll & Bute. The village is approximately 15 miles from Helensburgh via The Gare Loch, home to Faslane Naval Base and 48 miles northwest of Glasgow.

The Village was formed initially as a summer retreat for wealthy sea merchants from Greenock and Glasgow and this is reflected in the attractive and large residential properties in the village, with many having been converted into hotels and bed & breakfast accommodation.

Internal Details

The store comprises a counter to the right of the doorway and runs the width of the store with spirits and wine for sale along with a cigarette gantry behind it.

Twin gondolas run the length of the store along with perimeter shelving units for a magazine display, general grocery, household goods, alcohol and confectionery. There are chillers for soft drinks, fresh items and alcohol.

The floor is vinyl tiled along with a grid tiled ceiling and strip lighting.

There is a storeroom to the rear of the shop along with office and WC.

Fixtures & Fittings

With the exception of the lottery terminal, all fixtures and fittings are owned outright.

Tenure

Freehold with an asking price of £190,000.

Alternatively, a new lease is available with an asking price of £40,000 with an initial annual rental of £9,600.

The Opportunity

The existing owner has decided to sell due to retirement.

The store is seen as integral to the local community and as such, commands a loyal customer base.

It would suit a first time operator looking to move into the convenience trade. In an enviable location, the business could be transformed by adding to the current offering in-store with services such as hot food to go, seasonal products and local convenience lines along with extended opening hours.

A new owner could increase turnover and profit by adding new chillers and other fittings to the store to modernise the business.

The property could also be changed to alternative use, subject to local authority approval.

Staff

The business currently runs with a mixture of full and part time staff.

Transfer of Undertakings (Protection of Employment) Regulations (TUPE) will apply to any remaining staff.

Full details available on request.

Trading Information

Sales are currently averaging between £15,000 and £16,000 per week and pre-covid sales were consistently at £9,500 per week.

All account information will be made available after a formal viewing has taken place.

Trading Hours

Monday to Saturday
7am - 6pm.

Sun day
8am - 3pm

Development Potential

Due to the stunning location of the business and the seasonal aspect of the village, there may be an opportunity to change the use of the property. Any changes may be subject to local authority approval.

Business Rates

The rateable value of the property is presently £15,600 (2017).


More information from this agent

Nearest stations

  • Gourock (1.6 mi)
  • Fort Matilda (2.1 mi)
  • Branchton (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 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

View in fullscreen
Master Floorplan Image
Master Floorplan Image

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 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

  • Gourock (1.6 mi)
  • Fort Matilda (2.1 mi)
  • Branchton (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 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 6811037-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 , Glasgow. 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.