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London Properties are pleased to offer to the market this well established licenced convenience Store with Lotto & 1 Bedroom Upper Parts & yard

Features

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  • Property Type: Retail
  • Kitchen-Diner
  • Garden
  • Furnishing: Furnished
  • Secure Car parking
  • Tenure: Leasehold
  • Current Occupant: Vendor
  • Fridge Freezer
  • Microwave
  • Full Double Glazing
  • Washing Machine
  • Oven/Hob
  • Gas Central Heating
  • Combi Boiler
  • Class: A1 : Shops
Reference number : CVM_Cottsage_NP13

Full Description

LOCATION: The subject premises occupy a prominent and highly visible corner trading position with little in the way of direct local competition on the good and well populated residential outskirts of the vibrant riverside valley town of Abertillery, which lies on the main A467 to Brynmawr and LLanhilleth in a delightful semi-rural area of Blaenau Gwent

DESCRIPTION: Fitted to high industry specifications throughout, thanks to a recent and extensive programme of refurbishment undertaken at great expense, these neat and well maintained THREE STOREY leasehold end-of-terrace premises provide excellent and highly functional internal business accommodation to the GROUND FLOOR, which briefly comprises an inviting and part-glazed, single-fronted public entrance directly off Cwm Cottage Road into the main, bright, welcoming and deceptively spacious retail sales and customer service area with diffused fluorescent strip lighting and tiled flooring throughout for easy cleaning. The main customer service area houses a full range of well maintained, fixed and freestanding, purpose-built display furniture and shelving, in addition to ample periodical racking, various refrigerated and frozen display cabinets, a dedicated off licence section and a prominent and fully fitted point of sale counter with spirits, confectionery and sundry displays, tobacco gantry, hot drinks vending machine, electronic till point, National Lottery terminal and full complement of electronic Pay point facilities. Further ancillary internal business accommodation to the ground floor consists of all the usual washroom/WC facilities, together with a useful general dry goods store housing back-up freezer storage unit and with separate doorway access to the rear. The business premises also enjoy the added safety and security benefits of steel roller shutters to the shop front and extensive 8 internal camera and 3 external camera digital CCTV monitoring system.

BUSINESS: This well- established, family-run community store currently primarily conducts an extremely useful and popular retail operation of a wide selection of market-leading daily shopping essentials. The store’s products include an excellent choice of general and frozen convenience grocery items and household goods, fresh bought-in bakery and dairy products, over-the-counter news, confectionery tobacco lines, associated sundries and a range of traditional beers, wines and spirits, all displayed to its best advantage in a bright, welcoming and secure customer service area.

USES: A1/A2

PREMIUM: £59,000 for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: £7,800 per annum

TERMS: Assignment of a 15 years full repairing & insuring lease with 12 years remaining with rent reviews every 5 years.

BUSINESS RATES: All interested parties are encouraged to make their own enquiries with local authority

SIZE: Shop Units Approximately 715 sq ft

OPENING HOURS: Monday - Friday 7:00 a.m till 9:00 p.m & Saurday - Sunday 8:00 a.m till 9:00 p.m

STAFF: Family Run

UPPER PARTS: Accessed by means of its own separate, external rear steel staircase from ground-floor level, to the FIRST FLOOR the property provides an equally high standard of attractively presented and appointed private living accommodation in a smart apartment consisting of a good-sized lounge and a fully fitted domestic kitchen housing ample work surfaces, wall and base storage units, fitted sink unit and a full range of appliances, together with a fully fitted bathroom/WC. Further private living accommodation to the SECOND FLOOR consists of a master double bedroom. The property also enjoys the benefit of gas fired combi boiler central heating and double glazing.

Exterior: The premises also incorporate a useful enclosed private service yard area to the rear with separate access for deliveries and external steel staircase access to the private living accommodation.

TURNOVER: Current turnover in excess of £364,000 per annum approximately. Weekly Turnover: £7,000, Gross Profit: £85,540 & Gross Profit %: 23.50

ACCOUNTS: Available on viewing

LEGAL COST: To be confirmed

LOCAL AUTHORITY: Abertillery Urban District Council

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non- refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS: Through London Properties by appointment only

Abertillery, NP13

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