Retail premises for sale in Walsall, West Midlands WS3

£950,000
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Highly lucrative & heavily relied upon post office, confectionary, tobacco and news, off licence
  • Wt £4,238 approx, Post Office salary £86, , News Sheet £300
  • Prime town centre position close major multiples, busy shopping area. Potential to Sub-divide into 3 units per floor
  • Superbly fitted, potential accommodation, viewing highly recommended. CAr Park in excess of 3000 Sqft.

Property description

Reference - 44234


Description


This is a rare opportunity to purchase a highly lucrative off license, confectionary, tobacco, news and post office which occupies a prime trading position in a popular town in the West Midlands. The business is located on a busy pedestrian area at the heart of a bustling shopping area. Situated amongst a host of major multiple retail and food outlets, with a bus stop close by as well as being surrounded by a large number of residential dwellings. As you would expect, the area is a hive of activity throughout the day with high levels of footfall, generating high levels of both regular local and passing trade.

This well-known and heavily relied upon business has served the locality for over 60 years and during that time has forged strong relationships within the community, boasting an extensive and loyal customer base.

The store operates from highly visible and imposing shop premises, providing spacious and versatile ground floor retail spaces, interconnected with a first floor office suite.

The business is fitted to an exceptionally high standard with excellent quality fixtures and fitments, including a two point epos system with scanner facility, air conditioning, CCTV and ample refrigeration.

The business retails an extensive range of newspaper and magazine titles, confectionary, tobacco products, soft drinks, traditional beers, wines, spirits, greeting cards and stationary, as well as offering a host of post office services, including passport photos. Also, they have recently installed a lottery machine, increasing the already impressive weekly sales.

The business is successful and extremely lucrative, yet still offers genuine scope for growth and would therefore prove to be an ideal proposition for an ambitious and energetic family unit, who can extend the retail stock lines and the opening hours with potential to keep additional staffing levels to a minimum. This would naturally increase the weekly sales whilst reducing the overheads, therefo

Sales
Currently shop sales average £4,238 approximately.


Post office salary


Annual po income approximates to £86633.68


Other


News sheet £300.
Passport Photo Facility £500 – £700pm


Accounts


Current records and accounts can be inspected when viewing.


Trading hours


Monday – Saturday 08:30 – 17:30


Staff


Managed by the owner with full/part time staff.

Building External
The highly visible and imposing property offers excellent ground floor retail space, with potential accommodation to the first floor. To the rear of the property is a large carpark, with greater potential to expand the business and for its location makes the property much sought after. On the first floor there are several offices, cloak room, W/C/s and a first aid room, staff lounge and kitchen.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Building Internal
The spacious sales area creates a welcoming environment that is light and airy. The post office has a modern four position counter, a photo booth, large back offices, store room. The retail space is fitted to a very high standard, with a comprehensive range of excellent quality equipment with an additional combi till and also includes an epos system with scanner facility, air conditioning, CCTV and ample refrigeration.


Measurements


Store – Approx. 1000 sq ft
Entrance – Approx. 1079.5 sq ft
Ancillary Offices – Approx. 461 sq ft
Stores (Filing and cleaning) - 237 sq ft
First Aid and locker room – Approx. 644.0 sq ft
Boiler House – Approx. 118.0 sq ft

The store size can be extended to approx. 3483 sq ft


Residential accommodation


There is no residential accommodation for owners/management available. There is the potential to build further above the flat roof of the premises.


Tenure


We are advised that the property is freehold.

The owner will also consider a leasehold option on a 10 year lease and a monthly rent of £3000.00.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


Summary


This is a superb opportunity to purchase a first class business which is extremely lucrative. To avoid disappointment, viewing is highly recommended.

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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