Rear opportunity Convenience Store in Lincolnshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Lincolnshire.

Turnover £ 10,000
Price £40,000 / £160,000

Features

Convenience Store and off Licence (closed)

NO DIRECT COMPERTITION FOR EUROPEAN FOODS

DOUBLE FRONTED PREMISES in the region of 1,750 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, ceiling with fluorescent lighting, sales counter, 2 EPOS till, modern adjustable shelving, 5 x open cool display unit, 4 glass topped deep freeze, deep freeze, etc.

2 Stock rooms.
Staff Toilet with w.c. and wash hand basin.
Small Kitchen

Turnover

WE ARE INFORMED by the owner when trading the turnover was £10,000 - £12,000 p.w.

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Service road for deliveries

Tenure

The private landlord owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £18,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£18,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS OFFERS OVER £160,000 plus STOCK AT VALUATION (£18,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) £ 112,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote