Retail premises for sale in Palmyra Road, Gosport PO12

J.Q. Carpets has been established for over 30 years, the successful business is the perfect opportunity for a new owner, be it their first business venture or an addition to their existing portfolio

The business has a high turnover and generates very healthy profits

One-bed flat above the property is included

Fantastic opportunity to expand the property and increase the value considerably

Excellent reputation and amazing customer service.

Alternative use of the building could include, Pharmacy, Dental or Indian Restaurant/Take-Away as there is a local demand for both

 Location

Situated in the highly sought after suburb of Elson in Gosport, jq Carpets is on a busy parade of ten local shops, the heart of the local community

Offering flooring solutions across Fareham, Gosport, Portsmouth, Southampton and the whole of Hampshire.

Gosport town sits on a peninsula on the South Coast of Hampshire, on the western side of Portsmouth Harbour

The large town has a population of over 80,000 making it the fifth largest settlement in Hampshire

 Internal Details

The ground floor has a large open retail area, with a storage area to the rear. There is a toilet and kitchenette

One-bedroom flat on the first floor has it’s own private access

Please see the floorplans for further information

 External Details

The rear of the property offers private parking two cars

Free customer parking to the front of the shop

There is a separate garage available to rent for additional storage space if required

 Fixtures & Fittings

All fixtures and fittings not personal to our clients are included in the sale

 Development Opportunity

The adjacent properties have been extended further back on the plot, this could see the property extended significantly, please see the attached floorplans showing the potential extension and layout

Property prices in the area are on average over £3,000 per sq/m

A two-bed flat on the first floor at 90sq/m should easily achieve a minimum of £250,000

This would also significantly increase the size of the ground floor and potentially make the property even more desirable for other commercial tenants and or business operations in other sectors

 Financial Information

Turnover is over £375,000 per annum generating very healthy profits in excess of £80,000 per annum

The one-bedroom flat is currently let on an AST, returning £625 pcm

Full accounts are available upon request

 Tenure

Nationwide Business Sales are pleased to offer this fantastic opportunity to the market at ‘Offers Over £350,000’

 Additional Information

Part of Checkertrade so any new customers that move to the area can see the ratings and reviews from previous customers

The business has an experienced team of fitters that have worked with the company for many years ensuring customer satisfaction is paramount

jq Carpets has a dedicated website, please visit