Retail premises for sale in New Milton, Hampshire BH25

£120,000
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Large recently upgraded convenience store based bh postcode Hampshire
  • Turnover 2019 excess £550k and growing
  • Stunningly presented spacious lock up store
  • Centre of town location, Main road route, Famous Area

Property description

Reference - 47811

Description
An ideal opportunity to acquire the Premier Store located in New Milton, an area of Outstanding beauty located in the New Forest near the coast in Hampshire. Located in the centre of the town on the main through road where the store is ideally located to supply the local area and has a large and growing customer base.

The front of the store has on road parking for vehicles, making it ideal for traffic passing by to stop. The store, currently trading as a Premiere and consists of a large middle of terrace property, on a lock up basis.

The ground floor hosts the store of approximately 1,000 sq feet and has privately rented accommodation above. The store is bright and modern with an additional rear rooms which could be utilised to increase the store size.

The store is close to the town centre and has many car parks locally. The store is well supported by a good mix of client types within a 5 mile radius of the store and due to the fact it’s within the new forest, in summer, sees a large tourist influx in the B&b’s locally and walkers.

The property is available upon a Leasehold basis.

The business supplies locals and passers by with all aspects of general convenience goods including, cigarettes, medicines, lottery, payzone, pet foods, newspapers and magazines, with scope for news rounds. The store also sells alcohol, and is known for its offerings of hot and cold food and drinks.

The store is currently run by the vendors and up to 2 x pt staff members, and is only being offered due to relocation of the current vendors, whos plans to move to the area didn’t work. The store has been established upon the site for over 50 years.

The store currently has a turnover of some £550,000, (weekly £10,100) and has true potential to grow. This offers, along with the potential for additional news rounds, to increase the turnover as required.

The property also benefits modern lighting and full CCTV system and has a built in the wall cash machine.

Wit

Sales
Currently shop sales average £10,100 per week approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Shop and Post Office
Monday – Saturday 06:30 – 23:00
Sunday 07:00 – 22:00

Staff
Managed and operated by the owners with up to 2 part time staff.

Building External
The property is located in the heart of the town upon Station Road, at the bottom of the High Street. Built in the late 1950’s. The store is of a substantial size. Located on a parade of shops and a few doors down from a large Costa Coffee store and nearby the local parking areas. The store occupies the ground floor and is disabled friendly access.

The property is of brick construction with a modern double faced aluminium shop front on a lock up basis.

Building Internal
The store is accessed to a double fronted shop front by a double set of Powder coated aluminium doors, located centrally to the front of the property. The shop has a mix of tiled and laminated flooring throughout and is additionally supported in this modern look with the inclusion of a suspended ceiling and LED lighting.

The shop is on 1 level and has a good depth. Inside. To the left wall of the entrance is the area for freezers and includes 2 drinks chilling cabinets. The counter is located to the Right of the entrance main counter area, which in turn offers the lottery and paypoint. Beyond the counter area is the extensive range of alcohol and again includes a large drinks chiller.

The store throughout has a good range of shelving units and is well stocked. From this area is a doorway leading into a large stock room. Following the walls round there is a whole host of shelving and fridges/freezers offering a good selection of food and other produce all at competitive prices. There is an additional rear store room.

In addition the store has a kitchenette and staff toilet facilities The store is fitted with an alarm system which is a monitored. The store has a full CCTV system.

Residential Accommodation
There is accommodation available at back side of store with 2 bedrooms, a kitchen and bathroom.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2019. The annual rent is 16500 but going to increase from September it will be £1415 per month means £16980 exclusive (correct as advised on 13/02/2020). Rent reviews are at 2 yearly intervals.

Summary
Premiere store New Milton is a delightful family run business that is ideally located and supported by the towns and communities within the vicinity. Offering a lifestyle change to new owners while still offering scope to the seasoned operators.

Viewing is essential to fully appreciate the quality of the store and comes with excellent potential and scope to increase the income.

Arrange Viewing

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