Long Established Convenience Store In Newport For Sale

Business description

LONG ESTABLISHED CONVENIENCE STORE which benefits from the location within large residential estate, a new bike centre, two senior schools and a college and very close to Newport town centre. The present owners have been trading for the past 21 years and retirement forces the sale. Turnover of £255,000 per annum and could be increased by adding new lines. Three bedroom accommodation on the first floor which is currently let out for £4,000 per annum. Leasehold price £69,995 + stock at valuation. R3341W.

Property information

Property:

Leasehold

Lease terms:

Two years remain on the current lease or the landlord will grant a new lease.

Leasehold rent:

£9,500 per annum

Living accommodation:

Three bedroom accommodation on the first floor which is currently let our for £4,000 per annum.

Location:

Set within a large residential estate with excellent parking for customers.

Premises details:

Detached property with ground floor service area, toilet and stockroom. Seperate entrance to three bedroom accommodation on the first floor.

Business Operation

Reasons for selling:

Retire forces the sale.

Trading hours:

Monday to Saturday 7.00am to 9.00pm, Sunday 7.30am to 9.00pm.

Employees:

The business is family run

Years established:

Over 21 years