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Store Business In Ventnor For Sale

Ventnor, Isle of Wight
Asking Price:
£90,000
Turnover:
Available on request
Net Profit:
Available on request

Long established store which for the past few years has been part of the Premier chain which is owned by Booker Cash and Carry.

The business and premises are being offered by way of a new 25 year lease and there is also a very large 4 bedroom flat over the shop which is also available to rent either on an Assured Shorthold Tenancy or included in the business lease.

Property information

Property:

Leasehold

Premises Details:

Long established store which for the past few years has been part of the Premier chain which is owned by Booker Cash and Carry.

The business and premises are being offered by way of a new 25 year lease and there is also a very large 4 bedroom flat over the shop which is also available to rent either on an Assured Shorthold Tenancy or included in the business lease.
The lease of the shop will include all the fixtures, fittings and equipment plus stock at valuation which is expected to be in the region of £16,000 - £20,000.

It is being offered to rent owing to the current owner’s desire to concentrate on their second business.
The shop is very well placed to serve the East end of Ventnor including Upper and Lower Bonchurch. Currently the shop is open from 7am - 9pm seven days a week and has a very good regular clientele and in our opinion the business shows a very healthy turnover and profit. Figures are available on request to our office.

If a prospective tenant of the shop does not require accommodation, then the flat will be offered separately to a third party. It comprises:-

THE SHOP

Having a frontage of 20’8 (6.32m) with a central door and a total internal floor space of 67.3 square meters (725 square feet) plus the passageway which leads to the Stock Room.

The shop is fully equipped with fitted wall display shelving, island shelving, sales counter, cold cabinets and shelves and freezer cabinets.

OFFICE 10’ x 5’3 (3.02m x 1.62m) with lockable walk-in store cupboard off.

STOCK ROOM 18’7 x 10’8 minimum (5.67m x 3.27m) with wall shelving and a sink unit and a door to the rear yard.

OUTSIDE

There is an enclosed rear yard with staff WC and this is approached by a pair of wide double doors to the left hand side of the shop.

TENURE By way of a new 25 year lease at a rent of £10,000 per annum with rent reviews every 5 years and on a full repairing and insuring basis. Stock at valuation in the region of £16,000 - £20,000.

FIRST FLOOR FLAT

The accommodation is warmed by gas fired central heating and has mainly upvc double glazed windows. Approached through the double doors at the side of the shop and via an open-tred metal staircase to:

ENTRANCE HALL which opens out to large INNER HALL with a pull down ladder which gives access to a very large spacious Loft Area.

LIVING ROOM 16’ x 14’ average (4.8m x 4.2m) plus bay window)

BEDROOM 2 16’ x 15’3 average (4.8m x 3.87m) plus bay window.

BEDROOM 3 15’8 x 9’7 (4.72m x 2.85m) plus range of built-in wardrobes and cupboards.

KITCHEN 15’7 x 8’ (4.65m x 2.4m) with some fitted base and wall cupboards and sink.

BATHROOM having fully tiled walls with white suite of P-shaped bath with shower over, vanity wash basin and WC.

BEDROOM 4 13’6 x 11’3 (4.05m x 3.37m)

BEDROOM 1 11’7 x 11’ minimum (3.45m x 3.3m) with range of wall to wall cupboard and store room. Door to:

EN-SUITE SHOWER ROOM with fully tiled walls, large shower cubicle, wash basin and close coupled WC.

Rent is £750 per calendar month on an Assured Shorthold Tenancy or at an equivalent annual rent it could be included with the lease of the business and shop premises.

The new tenant of the shop and/or flat will be required to pay the Landlord’s legal expenses which are estimated to be in the region of £1000 plus VAT.

SERVICES All mains are available.

COUNCIL TAX Flat Band B. Can be confirmed by the Isle of Wight Council (01983 823901).

UNIFROM BUSINESS RATE £12,250

VIEWING STRICTLY BY APPOINTMENT THROUGH ARTHUR WHEELER ESTATE AGENTS (01983) 868333

Energy Performance Rating:
C  View EPC Graph for this property

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