Retail premises for sale in High Street, Treorchy CF42

Retirement sale on lease.
High street newsagents & retail store.
With a liquor licence for alcohol sales.
Treorchy CF42 6AA.
Asking price £25,000 + £13,000 P/A rent.

Main features
lock up ground floor high street shop unit
going concern newsagents & retail shop
with potential to expand the business
via additional convenience store products & off licence sales
new part of building lease available
please call to discuss terms

Description location & directions; Upon the instructions of the retiring proprietor, Barbara Rees Commercial is pleased to offer for sale, via the terms of a new, part of building lease, this going concern newsagents and retail store with a liquor licence for off sales.

The property and business is situated on the high street in Treorchy, a busy and thriving, award winning town centre located on the A4058 / A4061 in the Rhondda valley.

The town centre boasts almost full occupancy and is represented by a healthy mix of national retailers including Iceland, Boots, Savers, Greggs and a Co-Operative store, plus many individual local retailers, a branch of the Principality Building Society and Barclays bank, coupled with several office premises and food and leisure outlets.

Viewing; Strictly accompanied viewing only, by prior appointment via Barbara Rees Commercial and interested parties are requested to respect the seller’s privacy and not make any direct approaches to the property or staff therein, as this will simply be met with referral back to Barbara Rees Commercial to arrange the accompanied viewing.

Gross frontage; 5.18m (17ft) modern shop front with direct access off the high street.

Ground floor; 93.36 sq mt (1,005 sq ft) open plan shop unit comprising retail sales, stores & staff kitchen / wc.

Exterior; Small courtyard / waste storage area.

User; Believed to fall within use class A1 retail (1987 planning act use class orders Wales as amended).

Rates; rv = £5,400 (April 23 rating list).

EPC rating; C / 65.

Lease term & costs; Negotiable, please call to discuss.

Business hours; 5;30am to 3pm Monday – Friday, Saturday 5;30am to 1pm.

Business information; Average weekly news bill £ 1,000 - £ 1,150. Paper rounds = 5 am (no evening rounds). Gross turnover £97,000 at a gp of circa 33%. The business currently operates as a newsagents selling a range of newspapers, magazines, stationery, confectionery, gifts and cards, plus cigarettes and has recently been granted a liquor licence for off sales, hence there is huge potential to increase turnover.

The permitted licensing hours for the sale of alcohol by retail, are, Monday to Saturday 9am to 10pm, Sunday 9am to 9pm.

Asking price; £ 25,000 for the fixtures fittings and goodwill, plus £13,000 p/a rent, plus sav.

General notes; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property has the benefit of all mains services although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser / tenant or via the acting solicitors.