Retail premises for sale in Arundel Street, Portsmouth PO1

£44,995
Retail premises for sale
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Property description

Business
Hilton Smythe are delighted to present to the market Stop & Go, a thriving community driven convenience store owned by our clients for over 24 years who after building a very successful business have now decided to retire. There has been a Newsagents on this site for over 50 years.

The business comes with a highly desirable Council lease agreement, paying just £4,800 per year with 0 rates.

Our clients currently offer the following Newsagents / Small Convenience lines -


  • Newspaper/Magazines, greeting cards, stationery

  • Large selection of confectionery, kids sweets, bagged sweets and ice cream

  • Essential grocery lines, household goods, toiletries and pharmacy lines

  • Cigarettes, vaping fluids

  • Lottery, atm machine, Western union money transfer and parcel collection

  • Large range of chilled drinks

  • Small selection of snacks including sandwiches, pasta pots and cakes

  • Fresh bread, pastries and sausage rolls


There is lots of potential to increase the turnover by -


  • Adding alcohol lines

  • Opening later

  • Increasing the food to Go choices by adding a hot food counter, more freshly made sandwiches and bakery lines

  • Offering local deliveries including outside catering

  • Adding newspaper delivery rounds

  • Dry cleaning


The shop would also benefit from a total refit which could include extending the retail space into the large rear stockroom as well updating the shopfront and signage to advertise any increased lines/ services.

The very low running costs of the unit would allow any new buyer to totally transform the current business model and therefore double the current sales levels of around £4,000 per week.

Location
Stop & Go occupies a highly visible corner trading position along the busy Arundel Street and Northam Street in Portsmouth, Hampshire.

The area offers an ideal mix of customers for this type of business, from a large loyal resident base from the housing estates which surround the business, over 100 teachers working in 1 of the 3 nearby schools, a growing number of small industrial units and garages, large retailers and new development projects with many contractors and builders passing the business.

The University of Portsmouth is only 2 mins away and residents who live in the area can reach the centre of Portsmouth by car or bus within approximately 5 minutes.

The nearest mainline station is Portsmouth and Southsea.

The business benefits from metered parking directly outside.

Portsmouth is a thriving port City positioned just off the A27, known for its maritime heritage and historic dockyard. It is 19 miles east of Southampton and 16 miles west of Chichester.

Premises
Front pavement area - large area currently used for the owners parking but could be further utilised by adding seating provided permission is granted by the council.

Main shop - central service counter with till, card machine, shelving and cigarettes gantry.

Display shelving to 3 x sides, 3 x drinks chillers, food chiller, ice cream freezer and large central display unit.

Rear staff kitchen area and staff toilet.

Large stockroom with shelving, cctv monitoring point, admin desk space

There is a very good security alarm system in place.

Tenure
We are advised there is a very good Council lease in place with 6 years remaining on a 21 year renewable lease paying just £4,800 per year.

Hours

Monday to Saturday - 6.30am - 6.00 pm



Sunday
- 7am to 1pm



Staff
The business is currently managed and run by our clients only.

Financial Profile
Turnover available upon request.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial 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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