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Convenience Store With 2 Flats, Newport For Sale

Newport, UK
Freehold Price:
£385,000
Leasehold:
£90,000
Turnover:
£255,000
Net Profit:
Available on request

Key Features:
* WELL ESTABLISHED STORE IN BUSY, MAIN ROAD TRADING LOCATION.
* £255K+ P.A SALES, LOTTERY/PAYPOINT/MONEY TRANSFER OUTLET.
* RETIREMENT/RUN VERY LOW KEY...GREAT POTENTIAL TO DEVELOP SALES.
* 2 FLATS (2 BED AND 3 BED). 1 CURRENTLY LET OUT..ACHIEVING £1,000 P/M.
* FREEHOLD or BRAND NEW LEASEHOLD OPTION (WITH 1 FLAT)

EXCELLENT OPPORTUNITY: RETIREMENT SALE. *No staff to handover advised*.

A long established, spacious Convenience Store, situated in a busy trading location, upon a very busy main road into the major city of Newport, South Wales.

Vendor looking to retire after 17 happy and successful years of trading.

Enjoying easily achieved sales of circa £5,000 + per week (as supported by accounts/vat we hold on file), this is a substantial package having 2 flats also included in the freehold sale. One flat used by the vendors and a further fully self contained flat alongside/above, which is currently let out and achieving rental income of £1,000 p/month advised (August 2023)

Our Vendor is happy to offer for sale as a complete package via its lucrative freehold, or via a brand new leasehold option (with the business and the owner's flat included).

A great opportunity and only now coming to market due to our vendor wish to retire.

EPC Rating Shop: C EPC Rating Flat: D

Property Information

Property:

Available as freehold and leasehold

Living Accommodation:

Accommodation Included.

Other Information

Leasehold asking price:
£90,000