Bullpit Lane, Balderton, Newark

A long established grocery business profitably trading in Balderton and renowned for quality vegetables, friendly and helpful staff, excellent service and great value for money. Sales turnover has exceeded £150,000 per annum producing a healthy net profit.

The Brisbane court precinct is fully let with units occupied by Bangkok Express , the Salvation Army, Wonda Florist, Balderton dry cleaners, EMJAY Tours, Any Occasion, Beths.beauty and J Cottier Butchers.

The tenants are currently holding over under an expired lease rent £5,500 per annum. The landlords have indicated a willingness to grant a new lease on terms to be negotiated.

A long established grocery business profitably trading in Balderton and renowned for quality vegetables, friendly and helpful staff, excellent service and great value for money. Sales turnover has exceeded £150,000 per annum producing a healthy net profit.

The Brisbane Court precinct is fully let with units occupied by Bangkok Express , the Salvation Army, Wonda Florist, Balderton dry cleaners, EMJAY Tours, Any Occasion, Beths.beauty and J Cottier Butchers.

The tenants are currently holding over under an expired lease rent £5,500 per annum. The landlords have indicated a willingness to grant a new lease on terms to be negotiated.

Sales Shop Frontage - 16'10 x 16'6 - LED lighting, Fujitsu air conditioning, front entrance door.

Rear Enterance Lobby - Separate WC with wash hand basin.

Kitchen - 2.69m x 2.90m (8'10 x 9'6 ) - Stainless steel sink unit, work surface and fluorescent lighting.

Outside - Communal rear yard with two storage sheds, bin store area and secure gate.

Existing Lease Terms - Lease commencement date 21st June 2021 term 1 year (current tenants holding over) rent £5,500 per annum plus insurance rent paid quarterly in advance (£1,375 per quarter)
Service charge year ending June 2025 £208.92
Insurance rent year ending November 2024 £571

Viewing - Strictly by appointment with the selling agents.

Profit And Loss Accounts - Are available from 2009 to date, subject to None Disclosure Agreement (NDA).

Note - The tenants are entitled to six months notice ending the lease and the landlords, Brisbane Estates Limited have indicated a willingness to negotiate terms for a new lease at market rental value.