Kingswood is delighted to offer for sale this leasehold business opportunity.
This well-established location represents a fantastic investment to operate and run a successful retail shop with income generated from a flat above.
The property is located on the outskirts of Preston City Centre with a wealth of local amenities on the doorstep including shops, businesses and public transport links available.
The area surrounding the property is primarily residential in nature with a large catchment area available exclusive to the business.
The property comprises of a traditional 'corner shop' layout with a front counter desk and traditional shelf racking with rear storage area. There are fridges and freezers in place along with front desk payzone and a cash machine inside.
The interest offered for sale includes all fixtures, fittings and goodwill. At this moment in time the premises does not hold an alcohol licence, although there is potential for this to be granted which would then positively impact upon takings.
There is a two bedroom residential flat above the property, which generates an income of approximately £350 from a sitting tenant.
There is also ample on-street parking in the immediate vicinity of the property.
The Rateable Value is £3,500 (according to www.voa.gov.uk) therefore the rates payable is £1,411. The business would qualify for small business rate relief.
Enquiries should be made of Preston City Council to confirm the accuracy of the above figure.
The leasehold interest has approximately 11 years remaining unexpired at a passing rent of £866 per month.
We have been informed that the business turnover is approximately £6,500 per week. (payzone and cash machine commission not included).
The residential flat element of the property generates a rent in the region of £350 per month.
Accounts to follow.
Stock is an additional cost to be negotiated between any purchaser and the vendor.
Retail Zone A - 24.5 sq.m
Internal Storage - 35.8 sq.m
External Storage - 28.4 sq.m
TOTAL - 88.7sq.m / 954.77sq.ft
All mains services are in place and are assumed to be in full working order.
EPC / Recommendation Report
The EPC and RR are both available from your local Kingswood office.
Viewing is highly recommended and strictly via Kingswood only.
Please contact Kingswood on:
Preston City Centre Office - Unit 8, Fishergate, Preston, PR1 2NJ - 01772 886 55501772 886 555
Fulwood Head Office - 77 Watling Street Road, Preston, PR2 8EA - 01772 71 71 8101772 71 71 81
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.