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Olveston Stores & Post Office, The Street Olveston, Bristol, BS35 4DR

Offers in Excess of
£2,500,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Convenience store for sale

Key features

  • 8 Apartments, Convenience Store & Post Office
  • Located just 3.9 miles from Junction 16 M4
  • Rental income of £121,740 per annum
  • Retail space circa 1682 sqft / 156.35 sqm
  • Residents Parking
  • EPC Ratings - Shop B, Flats B & C, Bungalow is D
  • Christie & Co Ref: 3410528

Description

Description

A substantial freehold property comprises eight residential rental properties, shop and post office. The property and apartments are well presented throughout with residents parking and providing a substantial rental income. The shop and post office has a spacious 1682 square foot sales floor with bakery, costa coffee express and parcel services. The shop could be leased for further rental income.

Location

Olveston is a large village in South Gloucestershire just 6 miles North of Bristol, almost between Bradley Stoke and Thornbury. Conveniently located near the M4, M5 and M48 with junction 16 of the M5 3.9 miles away, and 2.4 miles from Junction 1 of the M48.

Fixtures & Fittings

We are advised that all shop fixtures and fittings are included in the sale subject to an inventory.

Letting Accommodation

There are eight apartments all currently let and generating a rental income of £10,145 per month / £121,740 per annum.

The Opportunity

This is a great opportunity to obtain a substantial property with a variety of revenue streams including the shop, post office and residential rental incomes. The shop and post office could be leased to a third party to provide further rental income or be owner managed. A fabulous asset to add to any growing property portfolio.

Staff

The owner has advised that there are 10 members of staff that will transfer under TUPE.

Trading Information

Available upon request.

Trading Hours

Trading hours are Monday – Saturday 6am – 8.30, Sunday 7am - 7.30pm

Tenure

Freehold.

Business Rates

The Rateable value for the shop & post office as per 1st April 2023 is £14,250.

Brochures

Olveston Stores & Post Office, The Street Olveston, Bristol, BS35 4DR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pilning Station2.8 miles
  • Patchway Station3.9 miles
  • Severn Beach Station4.0 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3410528-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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