3 bedroom convenience store for sale

Poole, Dorset

£369,950

Property Description

Commercial information

  • Business for sale

Key features

  • Modern Convenience Store in Poole
  • High profile main road position
  • Valuable property, garage block to rear
  • Modern, well equipped retail area
  • Self-contained 3 Bed Flat
  • Sales 31st August 2018 286,169 ex Vat plus Lotto
  • Regular repeat trade and passing trade
  • Long established and easily manageable
  • Freehold 369,950 OR Leasehold 39,000 sav
  • EM&F reference number: G34335R

Full description

Tenure: Freehold

Description: A modern Convenience Store established a substantial number of years, offering a range of groceries and services to include some niche retail lines which prove lucrative. Operating from modern very well equipped premises, professionally fitted out in recent years to include a host of chilling equipment. In addition to the retail area can be found a storeroom which could be used to extend the retail area if required, staff kitchen and cloakroom facilities. Above the business premises is a spacious self-contained 3 bedroom flat, ideal for owners or could be rented out to provide additional income of approximately £800 per month, comprising kitchen, sitting room, 2 double bedrooms, single bedroom and bathroom. Outside to the rear is a garage block, suit numerous uses such as storage or could also be rented out to provide additional income. The business enjoys regular repeat trade together with passing trade such is the trading position.

Location: Occupying a high profile trading position, fronting the busy Ashley Road with restricted stay on street car parking immediately in front, a primary commuter route linking Poole with nearby Bournemouth, also a popular shopping area being surrounded by densely populated residential housing. Of late Ashley Road has been the subject of investment adding to the popularity of the area as a shopping destination, benefiting from free unrestricted on street car parking and shoppers car parks. At the time of our inspection the business was situated on a pedestrian crossing, close to bus stops, nestled between Timpson Shoe Repairs and an Estate Agent, other nearby businesses comprised Greggs Bakers, Savers, G & T's, the Post Office and a number of High Street banks ensuring good pedestrian foot flow which is in addition to passing trade from motorists with both Poole and Bournemouth town centres lying approximately 3 miles away.

Premises: Modern aluminium framed glazed double frontage, protected by roller shutter when closed, central aluminium framed glazed entrance door opening to RETAIL AREA, tiled floor, suspended ceiling incorporating fluorescent strip lighting and comprehensive CCTV system complete with wall mounted flat screen monitor. To the front of the retail area, Lotto stand, crisp display, photocopier, glazed front double upright chiller, bagged sweets peg display shelving and open front 3.75m drinks chiller. Substantial side SERVE OVER COUNTER, confectionery display to the front, houses EPOS till, Lotto machine and Paypoint terminal, concealed ceiling suspended cigarette gantry above, spirits display behind. To the rear of the retail area, 2 central double sided sales gondolas in respect of groceries, wall magazine display shelving, greetings card display, open front 3.75m alcohol chiller, wine display shelving. Through to REAR LOBBY, provides KITCHEN facilities, fitted with stainless steel sink/draining unit with CLOAKROOM leading off fitted with toilet and hand washbasin. Also leading off is the OFFICE/STOREROOM albeit this could be used to provide additional retail space if required. Back door provides access to the rear of the property.

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

Accommodation: Situated above the business premises, the subject of recent investment to include new gas fired boiler, as previously mentioned, could be owner occupied or rented out with rental income of £800 per month considered achievable. External covered side stairway leads to entrance door opening to spacious HALLWAY, could provide STUDY AREA, offers loft access, and from which all rooms lead off. KITCHEN fitted with work counters, base and wall storage units, and stainless steel sink unit, plumbed for washing machine space for fridge/freezer. Front SITTING ROOM benefiting from bay window, BATHROOM fitted with toilet, hand washbasin, bath with shower over. BEDROOM 1, a double with rear aspect, BEDROOM 2, also a double with rear aspect, BEDROOM 3, a single with front aspect.

Outside: To the rear of the property, hard standing providing BIN STORAGE and CAR PARKING, detached double GARAGE offering an abundance of STORAGE or can be rented out to provide additional income. Subject to obtaining the necessary planning permissions development potential may exist for the garage block.

Business: A long established business which has evolved over the years, previously a newsagents but now a modern day convenience store, only offered for sale to enable the vendor to pursue an alternative career. Retailing groceries, households, newspapers and magazines, soft drinks, beers, wines and spirits, snacks, cigarettes, confectionery, ice creams and greetings cards. Offering the full range of Lotto products, a Paypoint service and photocopying service. Some niche grocery lines are stocked which prove lucrative as they cannot easily be found elsewhere, assisting in attracting regular customers.

Trading Hours: The business trades Monday to Saturday 6.00am through to 9.00pm and Sunday 6.00am through to 8.00pm.

Staff: Operated by a husband and wife team, the business is easily manageable with only 1 person required on the shop floor the majority of the time.

Takings: We have been advised Sales are in the region of £6,000 per week, accounting information provided in respect of the financial year ended 31st August 2018 confirms Sales of £286,169 ex Vat returning a Gross Profit of £53,868. The business enjoys low day to day operating costs ensuring it remains profitable to owner operators.

Comments: The sale of Parkstone News provides an opportunity to acquire an established business coupled with a spacious valuable property enjoying a prime trading position with the added benefit of accommodation and an abundance of storage.

Tenure: The vendor owns the Freehold, both Freehold and Leasehold options are available. In respect of the Leasehold option a new negotiable Lease is available with a commencing rent of £20,400 per annum to include both the flat and the garage block. Should the flat and/or the garage block be rented out then the overall rent can be reduced considerably, renting the flat out would reduce the rent payable to £10,800 per annum.

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

Price: £369,950 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation OR £39,000 for the benefit of the new Lease, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Parkstone (0.7 mi)
  • Branksome (0.8 mi)
  • Poole (2.1 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?

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Map & Street View

Nearest stations

  • Parkstone (0.7 mi)
  • Branksome (0.8 mi)
  • Poole (2.1 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 G34335R. 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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