Property description

Kingswood is delighted to offer this excellent Business for sale.

Location:
Occupying a prominent position in Holmrook Road, Deepdale. The property is close to Deepdale Retail Park and Preston North End Stadium.

Description:
The Business is a well established Grocery Store which has been run as a successful family business since 1999. The business is situated in the heart of Deepdale in a residential area.
The business benefits from high quantities of Foot flow and is a stone’s throw away from public transport.
The shop has an easy access and flow for customers, with shelving and fridges laid out in prominent areas of the shop..

Equipment:
This shop consists of all fixtures and fitting such as shelves, fridges, freezer, cash register, counter, staff toilet facility and stock room.

Opening Hours:
Monday to Sunday - 9am to 8pm.

Products:
The store offers a wide range of products such as: Confectionery, Fresh Fruit, dairy product, Spices,
frozen food and a large selection of Asian Foods. The shop benefits from payzone making it possible for customers to pay bills, purchase top up for gas, electricity and mobile phones.

Accommodation:
The property provides the following approximate net internal floor areas:

Floor Area:
Retail zone A,B = 120.2m² / 1293ft²
Internal storage = 35.1m² /377ft²
Covered Yard = 17.1m² / 184 ft²
External Storage= 3.8m2 / 41 ft²
Staff toilets
Total= 173.8m²/1870.ft².

All measurements have been made in accordance with the RICS Code of Measuring Practice

Sale:
Goodwill for this business is £60,000.00
Including all fixtures and fittings stated.

Stock:
Stock on valuation around (estimated £20,000.00)

Turnover:
The turnover of this business is up to £482,000 pa. (£9,269 p/w)
Rent:
The rent is £1000.00 per month, exclusive VAT and excluding rates, payable in advance by standing order and subject to contract.

Lease:
The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed

Rating assessment:
Rates payable for the small business non-domestic multiplier for 2015/16 is 48p
The non-domestic multiplier for 2015/16 is 49.3p
This property may be entitled to 100% rates relief dependant on circumstance, All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 01772 906972.
The current owner is paying £2800 pa.
The Valuation Office Agency website describes the premises as being assessed as a “SHOP AND PREMISES” with a Rateable Value of £9,500.

Service:
Electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

Planning:
Currently used as Shop and Premises.
Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on 01772 906581.

EPC:
A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

VAT:
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate. If applicable
Legal Cost:
Each party are to be responsible for their own legal costs incurred in the transaction.

Viewings:
Strictly through Kingswood on an appointment basis only.
Please contact Kingswood on:
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston, PR2 8EA
Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
mail@kingswoodproperties.co.uk
www.kingswoodproperties.co.uk

Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.