- About
This is an established freehold Londis-branded convenience store located in Old Colwyn, North Wales. The business has been trading successfully for the past three years under the current ownership, offering a wide range of goods including groceries, confectionery, baked goods, newspapers, magazines, greetings cards, wines, spirits, beers, tobacco products, chilled items, and essential everyday items such as milk. Additional revenue is generated through services including a cash machine and the National Lottery. The reason for sale is due to the vendor's other business commitments, creating an opportunity for either a full-time owner-operator or an investor seeking a mixed-use freehold commercial and residential property with rental income.
- Premises Details
The property is a double-fronted two-storey building with a well-laid-out ground floor retail space. The retail area features tiled flooring, a central gondola, left-positioned counter, shelving and racking throughout, and good quality chilled and bakery display equipment. The shop is supported by a substantial rear storage facility, with an additional storage room and access to a rear yard which includes an external WC. Above the retail unit, accessed via a separate entrance, is a self-contained three-bedroom flat comprising two double bedrooms, one single bedroom, a lounge, kitchen and bathroom. The flat currently produces a rental income of £800 per calendar month, representing a valuable additional income stream. The business is located in a consistent trading position with high visibility and loyal local clientele.
- Summary
This is a well-established freehold convenience store with residential accommodation, located in a strong trading position on a busy road in Old Colwyn. The business is ideally suited to an owner-operator seeking to generate both retail and rental income or an investor looking for a mixed-use property with long-term growth potential. The business is fully equipped, profitable, and supported by loyal local customers, with significant potential for further development
