Property description

Main features:

Well established & excellent business opportunity.
Prominent main road location.
Healthy passing & regular trade.
Sale to include; the freehold property, fixtures / fittings & goodwill.
View by appointment only via barbara rees tonypandy.

DESCRIPTION LOCATION DIRECTIONS & VIEWING; Barbara Rees Commercial is pleased to offer for sale this well established and going concern, convenience store, off licence and newsagents, to include the freehold property fixtures and fittings and goodwill, plus S.A.V.

The property and business is situated in a prominent main road location in Mid Rhondda and benefits from a healthy, “regular and passing trade”. 

The property is a two storey end of terrace unit with ground floor sales and storage areas, plus first floor rooms, suitable for further storage or use as the proprietor’s living accommodation.

All enquires should be made to our Tonypandy office where local directions will be provided and an accompanied viewing arranged.   

GROSS FRONTAGE; 5.18m ( 17ft ) modern shop window display frontage with a security roller shutter.

GROUND FLOOR;    40.78 sq mt ( 439 sq ft) comprising a retail sales area fitted out with shelving and gondola display units, cctv and alarm system, cash point, pay point, lottery sales dispensers and various chillers / alcohol / drinks coolers. Stores, staff room / wc and a kitchen.

FIRST FLOOR;    36.78 sq mt ( 396 sq ft) comprising three rooms a landing area and shower room.

EXTERIOR; Enclosed garden and courtyard.

USER; Believed to fall within use class A1 retail (1987 planning act Wales use class orders as amended).

RATES; RV = £ 2,250 ( 2010 rating list ).

BUSINESS INFORMATION; Business hours are 6am to 5pm Monday to Friday, 6am to 12 mid day Saturday & 7am to 11am Sunday. There are five daily (and weekend) morning news rounds plus additional income from an advertising hoarding. Recent accounts record gross annual sales of circa £299,572 and the proprietors have recently introduced alcohol sales with permitted / licensable hours of 6am to 8pm Monday to Saturday and 8am to 2pm Sunday. The business is easily managed by a husband and wife team and possibly one or two part time staff. A confidential inspection of the financial information is available by appointment at our Tonypandy office.

ASKING PRICE; £ 89,950 to include the freehold property, fixtures and fittings and goodwill plus stock at valuation.

COMMERCIAL MORTGAGE / BUSINESS LOAN; Available subject to status, please ask for an appointment with our independent financial advisor.

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property is of freehold tenure and has the benefit of all mains services including a system of gch (not tested), cctv and alarm systems, although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser / tenant or via the acting solicitors.

Main features: Well established & excellent business opportunity. Prominent main road location. Healthy passing & regular trade. Sale to include; the freehold property, fixtures / fittings & goodwill. View by appointment only via barbara rees tonypandy.