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Bargain Booze, 45 Katherine Drive, Dunstable, LU5 4NP

Guide Price
£450,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

Ask agent

SECTOR

Convenience store for sale

Floor/Site plan 1
1

Key features

  • Weekly sales of £28,000
  • New 15 year lease with rent of £26,000 PA
  • 3 bedroom flat included, let for £12,000 PA
  • Fully managed site with staff
  • Good store location with customer parking
  • A great opportunity to add new products and services - EPC: C
  • Christie & Co Ref: 3818321

Description

Description

We are selling a busy Bargain Booze store in Dunstable. This store is well-located on a high footfall parade, with lots of residential properties surrounding it and ample parking for customers, as well as an additional three-bedroom flat above that is let out to a private tenant. This store is fully fitted with the Bargain Booze brand both inside and out and is well established with the store being open for 21+ years.

Location

Dunstable is a market town in Bedfordshire, England, just 30 miles north of London with around 36,000 residents. It has great links being just five minutes away from central Luton and has lots of commuters due to its easy links directly into London.

Internal Details

This store is a good size measuring circa 1,363 sq ft. There is a till close to the entrance with shelving for impulse items and vapes behind. Fully fitted with shelving and fridges throughout and displays in key areas for promotional sales as well. The store has an entrance at the rear for deliveries.

Fixtures & Fittings

We are advised that all fixtures and fittings are owned outright by the owners except the lottery terminal and EVRI terminal. A full list of items can be made available upon request.

Letting Accommodation

The store comes with an additional three-bedroom flat located above the shop which is included in the lease. The site is let on a residential AST for £1,000 PCM to a private tenant.

External Details

The store has good frontage with display windows and roller shutters on the front of the store for additional security. There is ample parking for customers as well.

The Opportunity

This is a fantastic opportunity to take on a long-established Bargain Booze store that is fully staff-run in a busy location with a strong weekly turnover.

There is an opportunity to look at adding in new products and services, as well as extending the current opening hours in the store.

Staff

We are advised that staff are to be transferred over under TUPE guidelines with a full staff list available upon request.

Trading Information

The business is doing on average around £28,000 a week in sales with a total turnover of £1,408,411. A full set of accounts and further financial details can be sent upon request.

Trading Hours

Monday to Sunday - 08:00 to 22:00

Tenure

A new 15-year lease is to be granted to a new buyer with a passing rent of £26,000 per annum.

This lease is protected within the 1954 landlord & tenant act.

Tenancy

The residential flat above the shop is let for £1,000 PCM on an AST to a private tenant on a 12-month basis with a two-month rolling notice period.

Business Rates

Rateable Value: £10,500.
This is not necessarily the amount you will pay, please contact the local authority for further details.

Energy Performance Certificates

EPC 1

Brochures

Bargain Booze, 45 Katherine Drive, Dunstable, LU5 4NP

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leagrave Station1.9 miles
  • Luton Station3.7 miles
  • Luton Parkway Station4.6 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3818321-lh. 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, Retail. 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.

Map data ©OpenStreetMap contributors.

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