Off License & Convenience, Worcestershire

OFF LICENCE, CONVENIENCE AND POST OFFICE in Kidderminster for Sale.

High sales turnover licensed convenience store and Post Office serving a densely populated district just 2.3 miles south of the centre of Kidderminster. A short distance from industrial and business parks. The entire property is available to lease and benefits from flat rental income, returning 50% of the total rent, making this a very profitable shop on low rent and overheads. The business is not brand tied and would be of interest to convenience store operators who may or may not want to continue with the Post Office counter, which only accounts for a small amount of the total turnover of the shop. It will not be a requirement that the Post Office counter be retained by new owners. The convenience and off-licence business accounts for a tremendous annual turnover of £779,765. Annual Post Office remuneration £18,000 to £19,000. The premises are offered on a lease, the length of which is negotiable with the landlord. The commencing rent will be £50,000 per annum but is considerably offset by three flats on shorthold tenancies returning almost £25,000 per annum to the head tenant. Substantial, highly prominent detached property within which the convenience store occupies the ground floor retail space. Modern shop fit-out with banks of chillers and wide aisles. Storage room with walk-in chiller. Staff WC. Dual pay counters incorporating Post Office, liquor, lottery and tobacco sales. First floor, two, two-bedroomed self contained flats, plus one ground floor one-bed flat in an extension to the rear of the shop. Private driveway. EPC Band D.
Stock £50,000.