4 bedroom convenience store for sale

Exmouth, Devon

£540,000

Property Description

Commercial information

  • Business for sale

Key features

  • Desirable coastal location in residential area
  • Large property occupying valuable site
  • Modern air conditioned retail area,
  • Forecourt, parking, garage, storage, rear garden with patio and pond
  • Sales 453,515 ex Vat
  • Post Office Commission 20,317
  • Self contained 3 bed & 1 bed Flats
  • Under current ownership in excess of 15 years
  • Well organised and efficiently run shop
  • EM&F reference number: G34410N

Full description

Tenure: Freehold

Description: A superb Convenience Store opportunity with the added benefit of a Post Office ensuring the business remains a destination outlet such is the ease of accessibility. Under current ownership for the last 15 years, very well organised and most efficiently run ensuring a top performing profitable business providing a most comfortable living. Contained within a deceptively large property, originally 2 properties, and occupying a large site which is considered most valuable. The property offers a modern retail area complete with service counter incorporating the Post Office, main storeroom, an office and staff cloakroom. On the first floor can be found a spacious self-contained 3 bedroom flat providing kitchen, dining room, sitting room, 3 double bedrooms (1 with en-suite bathroom) and a shower room. The second floor provides a further self-contained flat enjoying far reaching coastal/estuary views and comprising open plan sitting/dining room, kitchen, bedroom with en-suite shower room. The outside space is quite a feature of the property, it includes a forecourt, multi car driveway, garage, enclosed low maintenance rear garden complete with patio, pond, 2 storage sheds and covered Hot Tub, the property benefits from solar panels, and viewing is recommended to appreciate the size and standard of the premises.

Location: Occupying a prominent easily accessible trading position within a residential area, surrounded by popular housing, benefiting from free unrestricted on street car parking. Lying just off the busy A376 Exmouth to Exeter Road from which passing trade is received, with Exmouth town centre lying approximately 1½ miles away and the popular esplanade/beach/marina approximately 2 miles away, the marina being surrounded by prestigious high spec town houses and apartments, the quay is home to the water taxi service across the estuary to Starcross and is from where boat trips depart, whilst adjacent is the glorious sandy beach, all of which acts as a magnet for visitors to the area. The town continues to expand, enjoying considerable development over recent years, lying approximately 11 miles from the City of Exeter, situated at the mouth of the Exe estuary, the western gateway of the Jurassic coast, a World Heritage site, a mecca for water sports enthusiasts, host to a substantial resident population which continues to grow, benefiting from a summer seasonal boost from holiday makers and day trippers, assisted by the recent construction of a new seafront hotel. The town enjoys excellent road and rail links with the M5 motorway network and West coast main line only a short distance.

Premises: Substantial frontage displaying the Londis livery, ramped access to covered entrance lobby area, glazed double entrance doors opening to RETAIL AREA, tiled floor, wall mounted air conditioning unit, suspended ceiling incorporating LED lighting, all protected by CCTV. Very well organised and presented to high standard, contains an abundance of metal adjustable display shelving, greetings card display shelving, magazine display racking, wine display shelving, open front wine chiller, glazed double beer chiller, spirits display shelving, 2 glazed sliding top chest freezers, glazed top chest freezer, ice cream conservator, glazed triple door upright chiller (new in 2018), glazed double door upright chiller (new in 2018), glazed front double Coca Cola chiller, fruit & vegetable display, Lotto stand, coffee machine and microwave oven in respect of food to go. To one side, SERVE OVER COUNTER, offers 2 EPOS till positions and Post Office section, abundance of space behind where the chemist lines display, cigarette gantry and Lotto machine are located. Adjoining STAFF AREA fitted with base unit, work counter and stainless steel sink unit, also houses CCTV monitor and SECURE ROOM where the back office system is situated. Leading off the retail area, main STOREROOM fitted with shelving and containing storage racking, separate OFFICE also leading off the retail area, fitted with work counter and wall storage shelving, back door opening to the rear of the property, INNER LOBBY where the staff CLOAKROOM is situated and useful inter-connecting door to accommodation.

(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

First Floor Accommodation: Benefiting from uPVC framed double glazing and gas fired central heating, side uPVC entrance door opens to ENTRANCE LOBBY, inter-connecting door to shop premises, stairs to the FIRST FLOOR and inner entrance door opening LOBBY with boiler cupboard, continues to HALLWAY from which all rooms lead off. KITCHEN/BREAKFAST ROOM, front and side aspect, fitted with modern work counters, base and wall storage units, stainless steel sink/draining unit, oven and hob, plumbed for dishwasher and washing machine. Separate DINING ROOM, front aspect, inter-connects with SITTING ROOM, also with front aspect. BEDROOM 1, a double with rear aspect, benefits from EN-SUITE BATHROOM, fitted with Jacuzzi bath having shower over, vanity hand washbasin, toilet and extractor. BEDROOM 2, a double with rear aspect, BEDROOM 3, a double with front aspect and fitted triple door wardrobe. SHOWER ROOM with rear and side aspect, fitted with shower cubicle, hand washbasin and toilet.

Second Floor Accommodation: A self-contained flat which can be accessed either internally or externally via rear stairway with uPVC entrance door opening to FIRST FLOOR LOBBY/UTILITY AREA, provides under stairs storage, plumbed for automatic washing machine, stairs to SECOND FLOOR and 'L' shaped open plan SITTING/DINING ROOM, side aspect providing far reaching estuary views, additional Velux roof windows. Leading off is the KITCHEN/BREAKFAST ROOM, fitted with Velux roof window, work counters, breakfast bar, base and wall storage units, inset sink unit, oven, hob and extractor with space for upright fridge/freezer. Through to spacious DOUBLE BEDROOM, benefits from 4 Velux roof windows, and EN-SUITE SHOWER ROOM, fitted with double shower cubicle, hand washbasin and toilet. A secondary internal entrance exists from the bedroom to main stairway with LANDING AREA offering some additional storage.

Outside: To the front of the property FORECOURT providing CAR PARKING, to one side of the property, pedestrian access to the rear of the property, to the other side of the property, DRIVEWAY with sufficient space for 3 cars, leads to GARAGE. To the rear of the property, large enclosed low maintenance GARDEN, raised patio, seating area with pond, covered Hot Tub shelter and 2 STORAGE sheds. The property benefits from 20 SOLAR PANELS to roof assisting with low electricity costs and providing additional income.

Business: Acquired by the current owners in 2004, only now offered for sale due to re-locating out of the area. Operating as a modern day convenience store retailing groceries, households, dairy lines, bread, frozen foods, confectionery, soft drinks, beers, wines & spirits, chemist lines, cigarettes, newspapers and magazines with a newsbill of approximately £1,500 per week, there being 5 delivery rounds. Benefiting from being a National Lottery outlet and Post Office local which proves popular with income increasing, customers attracted by the ease of car parking. Enjoying regular local trade from the surrounding residential community in addition to passing trade.

Trading Hours: The business trades Monday to Saturday 5.00am through to 7.30pm and Sunday 5.00am through to 1.00pm.

Staff: Operated by a husband and wife team with the assistance of 3 part time members of staff who are all Post Office trained and can operate the shop in the absence of the vendors.

Takings: Trading performance is impressive, the business proving most profitable, in respect of the financial year ended 30th April 2018 Sales amounted to £435,515 ex Vat returning a Gross Profit of £114,063 equating to 25%. In addition to this is Post Office Commission which for the year ended 31st March 2019 amounted to £20,317 producing overall Net Profits in excess of £75,000 ensuring a comfortable living.

Comments: The sale of Rivermead Post Office & Stores provides an excellent opportunity to acquire a solid reliable profitable business together with substantial property occupying a valuable site within a desirable sought after coastal location, the likes of which rarely become available.

Tenure: Freehold.

Rates: Currently 'Nil' after 100% rate relief.

Price: £540,000 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Lympstone Village (1.2 mi)
  • Exmouth (1.2 mi)
  • Starcross (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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

  • Lympstone Village (1.2 mi)
  • Exmouth (1.2 mi)
  • Starcross (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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 G34410N. 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 EM&F , Devon. 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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