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£75,000

Retail property (high street) for sale

Adelphi Street, Preston, PR1

£75,000

Retail property (high street) for sale

Adelphi Street, Preston, PR1

Description

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Property features

  • Business For Sale
  • Fully Fitted Equipment
  • Great Potential
  • Viewing is a Must

Property description

Description:
The Convenience store is individually owned. The Business has been run by the same owner for over 5 years. Due to the owners wanting to relocate the business has now become available.

Occupying a prominent position within the city centre and literally on the door steps of UCLAN which has a loyal and established custom base. The business benefits from high Foot flow and is close to City Centre, Train station and is in the student area. It can not be missed.

The shop has front electrically operated shutters and one to the rear of the shop.

Access to the cellar is via the main shop - currently used as a stock room.

Opening Hours:
Monday to Saturday - 9-1 and 3-10 and Sunday – 10 - 1 and 3-1

Equipment:
This shop consists of all fixtures and fitting such as two triple fridges, shelves, gondolas, Red Bull fridge, pick n mix, slush machine, coffee machine, freezer, tobacco gantry, epos system, display counter, alarm, cctv, A/C and payzone terminal.

Products:
The store offers a wide range of products such as: Confectionery, health and beauty products, cleaning, stationary products, tobacco, sandwiches, dairy products, medicine, toiletry items, frozen food.

Turnover:
The turnover TBC

The business has the potential to grow in various ways for example with Lottery, cash machine, postal service(my hermes etc), newspapers and magazine and increased hours.

Purchase Price:
The Purchase price is £75,000.00 (leasehold)
Including all fixtures and fittings as stated.

Stock:
Stock on valuation is estimated to be £25,000.00 but can be reduced

Lease:
The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed

Rent:
Approx. £5,200.00 per Annum / £100.00 per week VAT may be applicable and excludes rates, payable in advance by standing order and subject to contract

Accommodation:
Retail size:-
The property provides the following approximate net internal floor areas:
Ground Floor:
Retail Zone A 19m² / 204ft²
Retail Zone B 5m²/ 54ft²

All measurements have been made in accordance with the RICS Code of Measuring Practice

Service:
Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

Planning:
Currently used as Shop and Premises.
Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on[use Contact Agent Button].

EPC:
A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

Rating assessment:
Rates payable for 2019/2020 are 50.04p in the £.
This property may be entitled to 100% rates relief dependant on circumstance, All interested parties are, however, advised to make their own enquiries of Preston City Council Rating Department on 0172 906972.

The Valuation Office Agency website describe the premises as being assessed as a SHOP AND PREMISES with a Rateable Value of £4,200.
All interested parties are, however, advised to make their own enquiries of Preston City Council Rating Department on[use Contact Agent Button].
VAT

All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

Legal Cost:
Each party are to be responsible for their own legal costs incurred in the transaction.

Viewings:
Strictly through Kingswood on an appointment basis only.

Please contact Kingswood on:
Preston City Centre Office:[use Contact Agent Button], Unit 8, Fishergate, Preston, PR1 2NJ
Fulwood Office:[use Contact Agent Button], 77 Watling Street Road, Fulwood, Preston, PR2 8EA

[use Contact Agent Button]

Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

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