Studio Bed Convenient Store Stars News Shops Ltd Birmingham B26 - Galaxy Real Estate

Stars News Shops Ltd, Birmingham, B26

Convenient Store ~ For saleReference ID: 1219

Description

Features

Well Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

Small forecourt to SPACIOUS SALES SHOP in the region of 700 sq. ft. sales area with tiled floor, suspended ceiling. Well equipped including 3 open cool display units, 2 glass topped chest deep freezers, ice cream deep freezer, modern shelving, counter, CCTV system with 16 cameras, monitor plus recording.

Large stockroom
Shower room with shower, w.c. & wash hand basin

Warehouse at rear used for storage which could be let out to generate income. 

Turnover

WE ARE INFORMED the turnover averages £7,500- £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 20% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £30 p.w. The business has an ATM machine which generates £ 150 P.W.

Trading Hours

6 a.m. - 9 p.m. seven days per week

Accommodation

The SPACIOUS living accommodation all in GOOD CONDITION, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (2 doubles)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge/Dining Room
Fully fitted kitchen

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £24,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£30,000 approx)


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Floorplan

EPC

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Virtual Tour

Map & nearby

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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

Sukheet
Galaxy Real Estate

Details about

Stars News Shops Ltd, West Midlands, B26

£130,000 PCM
(£30,000 PW)
  • Available date: 30 Sep 2019
  • Convenient Store
  • 0 Reception
  • 1 Bathroom
  • Studio Bedroom
  • Garden:
  • Parking:
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