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Lon Derw 958 SF Retail Building Newtown SY16 1QB $206,754 ($215.82/SF)

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INVESTMENT HIGHLIGHTS

  • A unique opportunity to purchase a prosperous Convenience Store
  • 40 years of established business
  • Opportunity for further expansion or diversification
  • Excellent location within the centre of a large housing estate
  • Fixtures and fittings to be included
  • 3 owned parking spaces

EXECUTIVE SUMMARY

Asking Price: £155,000. Tenure Leasehold. A rent of £250 per week and the purchaser will be obliged to purchase the freehold within 2 years of occupancy (Guide Price £175,000). Conditions are open to negotiation.
A truly unique opportunity to purchase a well established and successful Convenience Store which benefits from being situated at the centre of a large housing estate and the current business has seen a significant period of success and approaching its 40th year it has been a real asset to the local community.
The property comprises of a 55 sq.m (592 sq.ft) open plan shop benefitting from a range of wall and freestanding displays, fridge and freezer unit displays and till area including tobacco display behind.
The rear of the premises benefits from a double door rear entrance and small storage area, with access for delivery vehicles directly to the double doored entrance via the rear carpark.
Adjacent to the entrance locates the Managers Office, a pleasant room fitted with base and wall units providing a variety of storage options and benefits from a range of worksurface space and electrical sockets for a managers needs.
Hallway through to a 18 sq m (193 sq ft) storage space currently being used as the Main Storeroom for the shop and benefits from several storage racks, wall units and base unit complete with stainless steel sink and draining board.
The current vendors have purchased additional land to the rear of the premises giving the possibility for expansion or diversification subject to planning and building regulation consent. The property also benefits from Lotto, Paypoint, Payzone, credit/debit.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
958 SF
Year Built
2000
Price
$206,754
Price Per SF
$215.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.05 AC
Frontage
61’ on Lon Derw

AMENITIES

  • Energy Performance Rating - D

NEARBY MAJOR RETAILERS

Lidl
Iceland
Spar
Lloyds Bank
Santander
National Westminster Bank Plc
Costa Coffee
  • Listing ID: 26318659

  • Date on Market: 8/3/2022

  • Last Updated:

  • Address: Lon Derw, Newtown SY16 1QB

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