3 bedroom convenience store for sale

Camborne, Cornwall

£215,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Situated within densely populated residential area
  • Spacious premises to include 3 bed Flat & Yard
  • Retail area refitted at cost of approx. 40,000
  • Long established business, only 2 owners in last 60
  • Sales 321,744 ex Vat plus commissions
  • Easily manageable, ideal for owner operator
  • Benefits anticipated from new housing developments
  • Sound all year round local trade
  • Freehold option excluding flat also available, price 139,995 + sav
  • EM&F reference number: G34269M

Full description

Tenure: Freehold

Description: A long established well known business trading as a modern day Convenience Store with only 2 owners in the last 60 years. Under current ownership considerable improvements have been made to include a full refit of the retail area at substantial cost. In addition to the retail area the property boasts 2 storage rooms and staff cloakroom whilst above is a spacious self-contained flat providing kitchen/breakfast room, lounge/diner, 3 bedrooms, a bathroom and separate shower room whilst outside is an elevated display forecourt and an enclosed rear yard area. Such is the trading position within a densely populated residential area the business enjoys a great deal of regular all year round local trade.

Location: Situated in a popular and densely populated residential area, nestled within a terrace of properties, benefiting from free unrestricted on street car parking ensuring easy access for passers-by. Close by is the local primary school whilst to the rear of the property is an area of attractive grassed parkland. Camborne is an important trading centre, of late it has been the subject of considerable investment, lying just off the main A30 dual carriageway ensuring easy access to all areas of Cornwall. Both the North and South coasts can quickly be reached by car, St Ives Bay on the North coast and Mount's Bay on the South coast. Truro, the capital of Cornwall with its excellent shopping facilities lies approximately 13½ miles away whilst Penzance to the West lies approximately 12½ miles away.

Premises: Refitted at a cost in the region of £40,000 in recent years, aluminium framed glazed single entrance door, protected by roller shutter when closed, opens to RETAIL AREA, tiled floor, suspended ceiling, inset lighting, CCTV system installed to include wall mounted monitor. Initial SERVE OVER COUNTER, confectionery display to the front, houses EPOS till and Lotto machine, cigarette gantry and chemist lines display behind. To one side, magazine display racking, coffee machine (subject to lease), triple deck ice cream conservator, substantial open front dairy/soft drinks chiller. Two central double sided sales gondolas, additional side wine display shelving and open fronted beer/lager chiller. To the rear, glazed double upright freezer and households display shelving, access to STOREROOM fitted with storage racking, additional secure STOREROOM and staff CLOAKROOM fitted with toilet and hand washbasin.

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

Accommodation: Deceptively spacious, situated above the business premises, totally self-contained, benefiting from gas fired central heating and upvc framed double glazing, suit owner occupation or could be let to provide additional income which has been undertaken in the past with rental income of £550 per calendar month achieved. Upvc front entrance door opens to HALLWAY, stairs rise to FIRST FLOOR and central LANDING AREA from which all rooms lead off. KITCHEN/BREAKFAST ROOM (4.45m x 2.96m), rear aspect, ceramic tiled floor, fitted with work counters, base and wall storage units, oven, hob, extractor and wall mounted gas fired boiler, plumbed for automatic washing machine. LOUNGE/DINER (5.23m x 4.50m max), 2 windows providing front aspect, laminate flooring, fitted shelving. BEDROOM 1 (5.50m x 3.10m), a double with 2 windows providing front aspect, laminate flooring. BEDROOM 2 (3.10m x 2.58m), rear aspect, laminate flooring. BEDROOM 3 (2.90m x 1.60m), laminate flooring, access to attic. BATHROOM with rear aspect, tiled walls, fitted with bath, hand washbasin, toilet, heated towel rail and extractor, additional SHOWER ROOM leading off fitted with shower cubicle and hand washbasin.

Outside: To the front of the property, raised display FORECOURT where the entrance to the shop and separate entrance to the flat is situated. To the rear of the property, enclosed YARD AREA, accessed from the shop storage room, a rear gate provides access to rear service lane and the parkland.

Business: Long established, acquired by the current owner in 2013, reputed to have been in the hands of the previous owners in excess of 50 years, only offered for sale due to other business interests. Under current ownership considerable improvements have been made to the property to include the full refit of the retail premises. Operating as a modern day convenience store, retailing groceries, frozen foods, household lines, dairy items, confectionery, beers, wines and spirits, cigarettes, hot and cold soft drinks, newspapers and magazines, the business benefits from being a National Lottery outlet. The majority of trade relates to regular repeat custom from the surrounding residential community with additional trade from passers-by.

Trading Hours: Trades Monday to Sunday 6.00am through to 10.00pm.

Staff: Due to the other business interests of the vendor, the business is predominantly operated by staff on a day to day basis, 4 part time members of staff are employed, the business is easily manageable, only 1 person required on the shop floor the majority of the time.

Takings: Accounting information provided confirms consistent levels of Sales, in respect of the financial year ended 31st May 2018 Sales amounted to £321,744 ex Vat returning a Gross Profit of £65,453, additionally commissions are receivable, there is also rental income should new owners decide to rent out the accommodation. The low day to day overheads associated with the business ensures the business remains profitable, if operated by a couple Net Profits in excess of £40,000 could be achievable.

Comments: The sale of Arkwright's Stores provides an opportunity to acquire a long established popular profitable business considered ideal for owner operators. New owners will benefit from spacious premises to include a refitted retail area and spacious self-contained flat.

Tenure: Freehold.

Rates: Currently nil after 100% rate relief.

Notes: PART OF THIS PROPERTY IS OF MUNDIC CONSTRUCTION AND MAY NOT BE SUITABLE FOR MORTGAGE PURPOSES SHOULD PROSPECTIVE PURCHASERS NEED TO BORROW MONEY AGAINST THE PROPERTY TO FUND THE PURCHASE.

Price: £215,000 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation OR £139,995 for the benefit of the Freehold (Excluding the Flat), Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Camborne (0.6 mi)
  • Redruth (3.1 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

  • Camborne (0.6 mi)
  • Redruth (3.1 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.

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