Freehold Development Opportunity For Sale

Business description

Bag A Business is delighted to offer for sale this fantastic investment opportunity. Established in 1980 and under present ownership since 2005, Dromore Vivo has steadily grown to its present weekly turnover of £24,000 achieving a gross profit of 17%. Our client has plans approved to redevelop the site to include a 2,500sqft shop, 3 new retail units and 2 offices. Rents to be achieved from these are £200 per week on the 3 ground floor units, £100 per week on the two upper units and £1,000 per week on the retail store. Annualised rents will therefore achieve a total income of approx £100,000. Currently the Chinese restaurant owner has signed a lease agreement for another twelve years. This is a solid investment opportunity and any buyers can ultimately choose to follow this or substitute their own ideas. You may, for example, be interested in running the store yourself. Projected annual gross profits of around £500,000 per year are easily achievable. Bag A Business urges prompt action on this investment opportunity as our client, an experienced investor and retailer, will withdraw this from the market within 6 months to pursue this himself. Copies of the plans are available from Bag a Business Ltd.

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS 1600 sq. ft convenience store, set over one acre of land with Chinese takeaway on site, which is to be developed. PROPOSED DEVELOPMENT Full planning approved for: 2,500 sq ft Shop 3 retail units 2 offices

Location:

Dromore Vivo is a 1,600 sq ft convenience store located in the centre of Dromore town in County Tyrone. The property is in a highly visible trading location within a popular residential area. The site spans over an acre of land and includes a Chinese takeaway, which is currently leased out. Dromore lies on the main arterial road between Omagh and Enniskillen, just 8 miles from Omagh and 15 miles from Enniskillen.

Other information

Trading hours:

Convenience Store - 7 days per week