Cowling Commercial Property Directory

AN IDEAL FIRST BUSINESS IN THE FORM OF THIS CENTRALLY LOCATED CONVENIENCE STORE WITH S/C OWNERS APARTMENT AT FIRST FLOOR

 Long established convenience store business
 Genuine retirement concern within the same ownership for 11 years
 £4k per week take, averaging £200k p.a.
 £30k profit p.a. having lived from the business
 Favoured residential suburb to Wellington
 2 miles from Junction 26 of the M5 Motorway
 Services : All mains connected
 Rateable Value : £ Rates Payable : £

LOCATION

Taunton 6 miles; access to Junction 26 on M5 Motorway 2 miles.

THE SITUATION

The property is situated in a residential leafy suburb and community. The property provides a comprehensive service to a wide range of shoppers and residents.

THE PROPERTY AND CONSTRUCTION

Being of two storey construction of red facing brick under an interlocking tiled pitched roof with gardens to the front and rear. The property is neatly converted into ground floor commercial parts, namely the main shop of some 500 sq ft plus ancillary storage to the rear, plus facilities. The first floor is arranged as a self contained owners apartment with two principal double bedrooms, a good sized kitchen / diner, a separate lounge and family bathroom. The property has customer parking to the front elevation and is best described as community shopping.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

Presently run by a single lady who relies on part time staffing. With slight seasonal variations, the business generally takes around £4,000 per week. The business trades as a general convenience store serving a good sized residential catchment. Main lines include general groceries, confectionery, tobacco, cards and stationary, alcohol, cold sandwiches, pies, counter news, etc,. There is no lottery or ATM in situ. The turnover equates to some £209,367 with a gross profit of £42,934. The adjusted surplus before personal adjustments equates to some £30,000 having lived from the business. Reconstituted trading figures will be available to those who have inspected in the premises and wish to pursue their enquiries.

THE STOCK

Any current stock to be purchased at valuation upon completion, fluctuates around £8,000 - £10,000.

THE INVENTORY

The property is sold with an inventory of trade fixtures, fittings and equipment.

LICENCE

The property enjoys a Premises Licence.

THE ACCOMMODATION (comprises)

FIRST FLOOR APARTMENT

LOUNGE
16'3 x 10'10 (4.95m x 3.30m) UPVC window, fitted carpet, flame effect gas fire with pine surround, wall lights

KITCHEN / DINER
17'6 x 8'5 (5.33m x 2.57m) Wainscot wall cladding, oak fronted units, eye and base units, laminate flooring, radiator heating, single drainer sink unit, plumbing for washing machine and tumble drier

Separate Boiler Room / Store off with combi boiler estimated to be not more than 2 years old

FAMILY BATHROOM
Three piece plus electric shower over bath, radiator heating, fully tiled

BEDROOM 1
13'0 x 9'0 (3.96m x 2.74m) Double, uPVC double glazing, built in wardrobe, radiator heating

BEDROOM 2
13'0 x 7'6 (3.96m x 2.29m) Double, fitted wardrobe, radiator heating, uPVC window

Hallway with access to storage loft

Separate side access to GROUND FLOOR

Porch with leaded light windows, radiator heating, newly tiled floor, understairs storage cupboard

COMMERCIAL PARTS

BACK STOCK ROOM
15'3 x 10'6 (4.65m x 3.20m) single drainer sink unit, shelving and office area. Access to back entrance with staff w.c. and hand basin

MAIN SHOP AREA
500 sq ft (46 sq m) (unmeasured) Service counter, fully racked with storage units and shelving, dairy units, etc,.

OUTSIDE

To the rear of the property there is a triangular parcel of garden which is laid to lawn and a gravel area with water feature and drying area. There is a small parcel of garden to the front elevation, as well as a proprietors garage within a block to the rear.


Commercial Funding

With approaching 30 years experience in the commercial funding sector, Mike Quinn heads up our ‘Sister Company’ Cowling Commercial Finance Limited. No matter where you purchase a business, or which agent you purchase through, Mike would be happy to discuss any required finance. For further information, please contact Mike Quinn on 01271 375555. Email m.quinn@cowling-commercial.co.uk.


IMPORTANT NOTICE
Cowling Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1. The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchasers should seek their own professional advice.
2. All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3. No person in the employment of Cowling Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of Cowling Commercial, nor into any contract on behalf of the Vendors.
4. No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1. All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact Cowling Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full. However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, Cowling Commercial, Commercial House, 11 The Strand, Barnstaple, North Devon. EX31 1EU
TEL: (01271) 375555 FAX: (01271) 377674

SURVEY AND VALUATION
Cowling Commercial have an experienced fully qualified Chartered Surveyor who will provide Survey/Valuation and planning and development advice on any business being purchased. Contact Charlotte Luckett MRICS if you require professional services.