Fore Street, Polperro, Looe, Cornwall, PL13 2QR

This is an exciting opportunity to acquire a leasehold convenience store within the heart of the hugely popular village of Polperro on the South Cornish Coast that is available subject to an ingoing premium of £35,000 plus stock at valuation and a commencing rental of £18,000 per annum, with all other terms to be agreed.

Location

Polperro is a picturesque village situated on the South Cornish Coast that attracts hundreds of thousands of visitors each year, owing to it's charming harbour, narrow winding streets and pretty cottages. The village is home to a variety of businesses including public houses, tea rooms, gift shops, art galleries etc and also benefits from a doctors surgery. Yaxley stores is centrally positioned on the main street leading to the harbour and as such benefits from huge levels of passing trade.    

Description

Well equipped commercial premises extending to circa 750 sqft in total, equipped with a range of freestanding and fitted shelving with a small store room and a staircase leading to a toilet at FF level.

The Business   

Our client has owned and operated the business for many decades as a traditional convenience store offering a range of day to day groceries, tobacco & alcohol. Through choice, our client is operating the business on limited hours currently trading Monday-Saturday 8am - 5pm and as such, there is huge potential to increase the turnover through evening opening and stocking a wider range of products through the incorporation of the subdivided area.

N.B. Accounts will only be made available subject to a viewing appointment in the usual manner.  

AGENTS NOTE

Business Rates, The Ground Floor has been loosely subdivided and the current rateable values are £5,200 for the left hand unit and £7,400 for the right hand unit. For further information regarding the rateable value and amount payable, please visit:  Find a business rates valuation - GOV.UK

Tenure - Leasehold

The business is being offered for sale subject to a new 6 year, proportional repairing and insuring lease at commencing rental of £18,000 per annum, payable monthly in advance with all other terms to be agreed. 

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Measurements are a guide only. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

ANTI-MONEY LAUNDERING REGULATIONS - Purchasers

It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

PROOF OF FINANCE - Purchasers

Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.