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Freehold Convenience Store Located In Polesworth For Sale

Polesworth, Warwickshire, UK
Asking Price:
£1,150,000 Furniture / Fixtures included
Turnover:
£1,040,000
Net Profit:
Available on request

Freehold Convenience Store & Off-License Located In Polesworth. Established business and comes with a large six bedroom family home. Planning passed to build a four bedroom detached house. Weekly turnover over £20,000. Producing rental income as well.

Veritas Business sales are delighted to offer for sale this delightful Freehold Convenience Store & Investment Property which includes a lovely 6 bedroom family home and is located in the village of Polesworth. The property has been in the careful hands of the current owner for the past 32 years but has been in his family since 1962 and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.
Since ownership there has been significant investment to bring the property up to the standard that you see before you today which means that any new purchaser will not need to spend any additional funds for some time. The convenience store generates an average weekly turnover of over £20,000. A & A Off-Licence & Stores retails tobacco products, confectionery, beers, wines & spirits, soft drinks, greeting cards, groceries, frozen foods, toiletries, household goods and dairy products. The business is overseen by its owner and employs the help of 1 full time & 7 part time members of staff. We believe that there is further potential to increase trade should you wish by having a more hands on owner operator, adding more food to go products along with fruit & veg, newspapers and The National Lottery. Corals Betting Office is leased out on a 6 year term with 3 years remaining with a rental income of £5,750pa. The 6 bedroom house is where my client resides and this would make an ideal family home or you could rent out easily for £1600 pcm. Alternatively you could covert to a HMO where you could possibly have 9 rental rooms @ £500 pcm to yield £54,000 if fully let. This is a superb opportunity to purchase an established business & investment property which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Property Information

Property:

Freehold

Living Accommodation:

Family Home
Ground floor
Snooker room
W/C and wash basin
Conservatory
Lounge
Lounge/diner with gas fire and Inglenook fire place
Kitchen with breakfast bar
Laundry room

First floor
Master bedroom
Dressing room or single bedroom
Bathroom with bath, w/c and wash basin
Double bedroom with fitted wardrobes
Double bedroom with fitted wardrobes and storage cupboard
Large double bedroom with fitted wardrobes
Office/single bedroom
Bathroom with corner bath, shower cubicle, w/c and wash basin

External
Gated driveway with parking for (6)
Double garage
Rear courtyard

The property benefits from gas central heating and double glazing

Location:

This delightful property is located in the desirable village of Polesworth, Tamworth in Staffordshire. Its very easily accessed and is in close proximity to the M42 motorway.

Premises Details:

Convenience store comprising:
Retail shop (900 sq ft approx) sales & display shelves, central display isles, 6 door cold drinks chiller, slimline drinks chiller, sales counter with EPOS till system, tobacco kiosk, serve over display chiller, 3 x 2 door chest freezers, large dairy fridge and large deck beer chiller.
Office/store room with racking.
Kitchenette with sink drainer, tea & coffee area, hot water heater, shelving, safe and floor safe.
W/C and wash basin.
External
Front off road parking for (5)
Side access for deliveries and bin area
The retail benefits from a CCTV (9 camera) system, redcare alarm and electric roller shutters to front & rear.
Corals betting office comprising:
Front customer betting office
Rear admin office
Customer W/C and wash basin

Business Rates: £5,500 pa

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Thursday – 9:00am – 10:00pm
Friday & Saturday – 9:00am – 10:30pm
Sunday – 10:00am – 10:00pm

Years established:
60 years

Other Information

Inventory / Stock value:
£40,000

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