Convenience Store for sale

St. Ives, Cornwall

£42,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Valuable busy town centre thoroughfare
  • Newsagents & Off Licence plus some Convenience Lines
  • Attractive 1,700+ sq. ft. air conditioned premises
  • Well-equipped retail area, storage & staff areas
  • Gross Sales 515,710, Commissions 13,249
  • En route to harbour, close station, info centre
  • High level of passing trade
  • Huge number of visitors to the town
  • Scope to add additional lines
  • Everett Masson & Furby reference number: G34675MM

Full description

Tenure: Leasehold

Description: An established Newsagents and Off-licence also retailing some Convenience lines, benefiting from being a National Lottery outlet generating substantial commissions. Trading from spacious prime positioned town centre air conditioned premises in excess of 1,700 square feet, providing well fitted and equipped retail area, storage, office and staff facilities. Such is the trading position a great deal of passing trade is enjoyed from those working in the area together with that from the huge number of visitors to the town.

Location: Enjoying a prime town centre trading position considered most valuable, nestled amongst important High Street shops, at the time of our inspection opposite Weatherspoon's, close Warrens Bakery, a jewellers, barbers, Barclays Bank and next to the local Tourist Information Centre. Tregenna Place is a primary route to the town centre for both vehicles and pedestrians, leading from the station and its car parking facilities to the harbour ensuring huge pedestrian flow throughout the year.

Area: St. Ives, one of the most famous holiday towns in Cornwall, situated at the south-western tip of Cornwall yet readily accessible by road, rail and air. Life centres around the harbour where fishing boats still moor alongside the piers, the old town is a maze of cobbled streets lined by fishermen's cottages. As well as its tradition of fishing St. Ives is world famous as an art centre with numerous studios, shops and galleries. The Tate St. Ives, part of the Tate Gallery in London was opened in 1993 ensures visitors to the town all year round. Evenings in St. Ives provide a truly cosmopolitan atmosphere with bars, restaurants and cafés to suit all tastes.

Premises: Good size glazed frontage, glazed double entrance doors opening to RETAIL AREA, vinyl floor tiles, suspended ceiling with inset lighting and 3 ceiling mounted air conditioning units. Initial ice cream conservator, substantial wall mounted newspaper and magazine display racking and greetings card display units. Freestanding central double sided sales gondolas in respect of confectionery, boxed chocolates and snacks, open front water chiller, open front dairy chiller, 2 open front soft drinks chillers, central ATM and households display shelving. Side SERVE OVER COUNTER offering 2 till positions with cigarette gantry and spirits display behind. To the rear, ALCOHOL SECTION, wood effect vinyl flooring, wine and beer wall display shelving, 5 glazed front double upright wine and beer chillers. Through to rear STOREROOM, contains storage racking and secure store, also provides an OFFICE, step up to STAFFROOM, fitted with sink/draining unit, contains back up milk chiller, separate ladies and gentlemen's CLOAKROOM facilities whilst a back door opens to the rear of the property with alleyway to front street. (None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

Outside: Newspaper 'lock-box' in respect of newspaper deliveries.

Business: An established business operated by Martin McColl's Ltd, operating as a newsagents and off-licence in addition to offering some convenience lines. Retail lines comprise newspapers, magazines, greetings cards, confectionery, ice creams, beers, wines, spirits, soft drinks, stationery, some dairy items and household lines. The business benefits from being a National Lottery outlet and offering an ATM service. Regular trade is enjoyed from local residents and those working in the town together with the huge number of visitors to the area, in particular during the summer months.

Trading Hours: The business trades Monday to Sunday 7.00am through to 8.00pm, staying open slightly longer to 10.00pm during the busy summer months.

Staff: A company owned store which is fully managed and whereby staff would be included in the sale.

Takings: Accounting information provided in respect of the 52 weeks trading ending 30th November 2018 confirms total Gross Sales of £749,753 split £515,710 in respect of Retail Sales and £234,043 in respect of Services returning a Commission of £13,249.

Comments: The sale of McColl's St Ives provides a rare opportunity to acquire spacious town centre premises occupying a sought after valuable trading position, the likes of which rarely become available. Coupled with this is an established popular business which lends itself to further development though the introduction of additional retail lines.

Tenure: Leasehold, current Lease running to 21st November 2025, current rent £32,000 per annum.

Rates: In the region of £15,000 per annum payable with the premises carrying a rateable value of £30,000.

Price: £42,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.

Note: As this is a company disposal any sale will be subject to the attached Terms & Conditions which interested parties should refer to.


More information from this agent

Nearest stations

  • St. Ives (0.2 mi)
  • Carbis Bay (1.2 mi)
  • Lelant (2.7 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

  • St. Ives (0.2 mi)
  • Carbis Bay (1.2 mi)
  • Lelant (2.7 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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