Convenience Store In Reading For Sale

Business description

Smart Well Established Convenience Store / Off Licence / Newspaper / Magazines / Sweets / Cigarettes / Minerals / Video Film Hire / Paypoint / ATM Cash Terminal.

Situated in a busy parade of shops serving a well populated surrounding area on a main road in the Berkshire Thameside Town of Reading.

Double Unit Parade Premises - Spacious Shop (approx 1,175sq.ft. - 109m2).

Preparation area with walk-in coldroom. Office / Restroom. Large Warehouse / Store (approx. 460sq.ft. - 42.50m2). Covered Yard. Rear access for ease of stock deliveries.

Property information

Property:

Leasehold

Lease terms:

The Premises are held on lease, we are advised, having about 5 years unexpired at a current rent £24,000 per annum subject to 5 year reviews (current review under discussion).

NB. The rent includes two Self Contained One Bedroom Flats which are currently sub-let on Assured Shorthold Tenancy Agreements at £600 per month each, i.e. £14,400 per annum thus the net rent for the Lock Up Shop Unit is reduced to around £10,000 per annum.

Leasehold rent:

£24,000 per annum

Living accommodation:

Private Entrance to Two Self Contained Flats above each comprising:- Living Room. Kitchen. Double Bedroom. Bathroom. Each are let on an Assured Shorthold Tenancy at a rent of £600 per calendar month, i.e. £14,400 per annum gross.

Planning consent:

A1

Business Operation

Trading hours:

8.00a.m. to 9.00p.m. weekdays. 9.00a.m. to 6.00p.m. on Sundays.

Employees:

Run by owner and wife together with family help and one further part time assistant.