Studio Bed Commercial (uncategorised) High Street Hungerford RG17 - Galaxy Real Estate

High Street, Hungerford, RG17

Commercial (uncategorised) ~ New instructionReference ID: 2073

£830,000 PCM (£191,538 PW)

Description

HOUSEHOLD SHOP & OFF LICENSE FOR SALE 

A great investment opportunity that has come into the market. It has a huge potential to increase its sale and also add flats above the current business. The premises is approx 3,000 sqft with flat a 4 bedroom flat above the premises. We are advised there is a potential to convert the premises into flats (STPP). 

Hungerford is an historic market town located in Berkshire, which has ancient history and an attractive location for many tourists to visit. The town is known for its antiques and markets which is an iconic place for many people to visit. It is approx 60 miles from London via M4. 

The both businesses are owned by the same owner who has been running the businesses. The Household shop has been in the area for over 30 years with amazing footfall and has everyday customers. On the other hand, the Off License is quite new and it is doing really well in a short time.

SALE 

We are informed the current sale for the Off License is £7,000 - £8,000 weekly with (20-30% profit) and Household Shop is £6,000 - £7,000 Weekly (50%-60% profit). In total, the business is doing over £13,000 sale. 

RATES 

We are informed there are no rates on Off License, and £16,000 rates on the household shop.

Interested parties are advised to check the rates with the local council. 

EARNINGS

There is a 4 bedroom flat above shop which is generating £10,200 yearly. The interested clients can increase the rent in the coming months. 

TIMING

The off license is open from 8am - 9pm and the household shop is from 9am - 6pm. Interested parties can change the timings of the property.

STAFF

Currently, the business is run by the 2 partners in the business. 

AREA

We are informed the property is over 3,000 sqft. 

The property has a huge potential to increase the sale of the businesses. Interested parties can add additional flats above the property (subject to planning permission).

ASKING PRICE: 

£POA


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Information

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.

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Contact agent

Karanjee
Galaxy Real Estate

Details about

High Street, Berkshire, RG17

£830,000 PCM
(£191,538 PW)
  • Commercial (uncategorised)
  • 0 Reception
  • 1 Bathroom
  • Studio Bedroom
  • Garden: Yes
  • Parking: Yes
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