Premier, 2 Tudor Buildings, Aldwick Street, Bognor Regis, West Sussex, PO21 3AW

An excellent opportunity to acquire a modern Premier convenience store occupying a prominent position within a busy retail parade in Bognor Regis. The business was acquired by the current owner in early 2025 and has since benefited from a modern refit, creating a bright, welcoming and well-presented retail environment.

The store has quickly established a loyal local customer base and currently achieves approximately £9,000 per week in core sales. The business is offered with the significant benefit of a three-bedroom apartment situated above the shop, providing an additional income stream and enhancing the overall appeal of the opportunity.

Suitable for owner-operators, family businesses and regional convenience store operators alike, the business offers an attractive combination of established trade, modern presentation and residential income.

Premier Aldwick occupies a prominent position within Tudor Buildings on Aldwick Street, Bognor Regis, a busy neighbourhood retail parade serving the popular residential suburb of Aldwick. The business benefits from strong local footfall generated by the surrounding housing, nearby amenities and passing traffic, making it an established convenience shopping destination for local residents.

Bognor Regis remains one of West Sussex's most popular coastal towns, with a substantial residential population and year-round trade. The property's position within a densely populated catchment area provides a solid foundation for continued convenience store trading.

The store has been fitted to a modern standard throughout and provides a well-presented retail environment trading under the recognised Premier fascia. The sales area is arranged to maximise customer flow and merchandising opportunities, offering a comprehensive convenience range including groceries, chilled and frozen products, confectionery, soft drinks, tobacco and household essentials.

The recent refurbishment has created a bright and efficient shopping environment, allowing the business to service both regular local customers and passing trade from the surrounding residential area.

We are advised by our client that the fixtures and fittings are wholly owned and will be included within the sale, with the exception of any items that may be subject to lease, hire purchase or third-party ownership.

The premises benefits from a prominent position within a well-established retail parade and feature an attractive modern shopfront. The property enjoys excellent visibility to both pedestrians and passing vehicles and is well positioned to serve the surrounding residential catchment.

The premises include a spacious three-bedroom apartment situated above the convenience store.

We have been advised by our client that the apartment is currently occupied and generates rental income of approximately £1,500 per calendar month. This valuable secondary income stream helps offset the occupational costs of the business and enhances the overall profitability of the opportunity.

The accommodation may also provide future owner-occupier potential, subject to any tenancy arrangements and necessary consents.

This recently refurbished Premier convenience store represents an appealing opportunity to acquire an established neighbourhood business with strong weekly sales and additional residential income. The store currently generates approximately £9,000 per week in core sales and benefits from a loyal customer base.

A key strength of the opportunity is the inclusion of the three-bedroom apartment. We are advised by the owner that the apartment generates approximately £18,000 per annum, exceeding the current passing rent of £17,000 per annum for the entire property and creating a particularly attractive occupational cost position.

Further opportunities may exist to increase turnover through an expanded product range, additional convenience services and increased owner involvement. Businesses combining established convenience trade, modern premises and residential income are rarely available at this level.

The business is currently owner-operated.

No employees will transfer to a purchaser as part of the sale.

We are advised that the business currently generates approximately £9,000 per week in core sales.

Further trading information may be made available to genuinely interested parties following a viewing.

Shop opening hours:

Monday to Sunday: 6:00am - 9:00pm

The licence permits trading until 11:00pm.

The shop and three-bedroom apartment are held under a lease commencing on 29 November 2024 and expiring in November 2040, leaving approximately 14 years unexpired.

The current passing rent is £17,000 per annum for the entire premises, including both the convenience store and the residential accommodation. Rent reviews are scheduled every four years throughout the term.

We understand the lease also contains a tenant break option, subject to six months' notice. Further lease information is available upon request.

Interested parties should make their own enquiries with the local authority in respect of business rates liability and any available reliefs.