Retail premises for sale

Torquay, Devon TQ1

Popular convenience store with a niche in international foods and some health foods proving lucrative. Taking £12,000 - £15,000 per week, has previously taken more than £20,000 per week, levels of which could again easily be achieved. Situated in the sought after and desirable torquay suburb of st marychurch, famous for its visitor attractions and cliff top promenade with spectacular views over Lyme Bay. Easily accessible, fronting main shopping thoroughfare, surrounded by residential areas.

Superb very spacious corner sited premises, approx. 4,000 square feet, an excellent shape offering a vast retail area with an abundance of shopping aisles, being comprehensively fitted and equipped, with additional storage, office, and staff facilities. Benefiting from a long Lease, currently running until 2046, enjoying favourable lease terms with no rent reviews during the term of the lease, equating to an attractive rent of just over £6 per square foot.

Famous business established some 30 years, offering an extensive range of retail lines, includes foods from all over the world not easily available elsewhere, plus health food and other niche lines along with services – Lotto, Paypoint, ups, and Evri soon to be introduced. Sales 2024 £1,061,326 ex Vat, Gross Profit £189,128, totally independent, scope to introduce Symbol Group, to include additional shelving displays plus merchandising, and other retail lines such as bake off and food to go which is not currently offered.

Leasehold £189,995 sav, Ref: G37009N