Spar Hazel Grove

Spar Hazel Grove

LEASEHOLD ASKING PRICE : £ 259,950

AT A GLANCE

  • Weekly sales circa £ 22,000 excl. services
  • Post Office commissions £ 24,000 per annum
  • Free parking to the front and side of the store
  • Relied upon by the local community
  • High margins 28% GP
  • Energy Rating D

LOCATION

This property is on a busy main road in the affluent area of Hazel Grove Stockport. The site benefits from being surrounded by a huge residential area and the shop could go from strength to strength. There are lots of local businesses in the parade and area and they all complement each other.

DESCRIPTION

Asking Price £ 259,950 Rent £ 60,000 per annum including four self-contained flats consisting of 2 x 2 bedroom and 2 x 3 bedroom bringing in a combined income of £ 43,200 per annum leaving the shop paying a rent of £ 16,800 per annum breaking down to just £ 1,400 per month.

TRADING INFORMATION

Trading information shows average weekly sale of circa £ 20,000 per week.
Post Office commissions £ 24,000 per annum.

THE OPPORTUNITY

This local convenience store is relied upon by the local community. This business is fitted to an extremely high standard and is being offered on a leasehold basis.

BUSINESS RATES

The current owner has advised that the store benefits from small business relief on business rates. Purchasers however should make their own enquiries with the relevant local authority.

VIEWING

No direct approach may be made to the property. For an appointment to view please contact the agent.

TRADING HOURS

Monday to Sunday 07:00 - 23:00

INTERNAL DETAILS

The store is equipped with all required chillers, freezers, shelving and gondolas. The business sells a full range of products as would be expected for a convenience store, including, alcohol, tobacco, confectionery, newspapers and general items of convenience. This business also has lottery.

EXTERNAL DETAILS

The business benefits from having free parking directly outside and to the side of the store for customer use.

FIXTURES & FITTINGS

We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.