The Spar shop was completely fitted out from scratch and opened in April of 2019. From the entrance ramp are the main entrance doors which lead to the main open plan retail area which feature: A well-stocked convenience store with a range of eight back to back central shelving units, eleven double doored fridge sections, five further drinks fridge sections, a double retail counter, a Costa Coffee machine, a CCTV system and a new suspended ceiling with LED lights and two air conditioning units. Beyond the retail area is a store room which can be loaded from the rear roller shutter door, from this is a toilet, small office and kitchen/ preparation area with a further cupboard. From a standing start the shop is trading well with an average turnover to date of £10,900 per week with room to grow product lines and increase profitability. The main Arden Forest Industrial Estate is set for a 20 acre expansion plan which should help increase the local employment based shopper to the only convenience store within the existing estate. The vendor is looking for a goodwill price of £60,000 plus the cost of stock at the point of sale which at the time of print is circa £35,000. A new lease is available for a rent of £20,000 pa on a new internal repairing and insuring basis and all prices are subject to VAT. Further accounting details are available from the owners via the agents office upon request and viewing is strictly by appointment with the agents.
Location
Located at Alcester Business centre on the corner of Kinwarton Farm Road and Tything Road East B4089. The property forms part of an arcade of shops with customer parking outside the shops. The property sits on the edge of a recent Redrow built housing estate and the well-established Arden Forest Industrial Estate.
Accommodation
Net Internal Area (NIA) is 1,654 sq ft (153.66 sq m).
Terms
Price:
Goodwill of trading business £60,000 + VAT
Stock value at the point of sale (estimated at £35,000 + VAT)
Tenure:
A new internal and insuring lease is available at an initial rent of £20,000 pa + VAT for a term of 20 years or more.
Service Charge:
The tenant will pay a fair and proper proportion of all reasonable costs associated with the common areas of the estate.
Rateable Value:
The landlord is having the building reassessed. Source: www.voa.gov.uk
Rates Payable:The rates payable are calculated as a multiplier of the rateable value. If the rateable value is £12,000 or less small business maybe entitle to 100% rates relief providing the property is their only business premises. Any interested applicants should contant the local authority and verify the multiplier and check if any rates relief is available for their business.
Insurance:
Standard commercial terms are that the landlord insures the building and the tenant pays the landlord the cost of the buildings insurance annually. The tenant will be responsible for insuring their own stock, content and liabilities.
Legal Costs & Holding Deposit
Each party pays their own legal costs. The landlord may request a holding deposit of £1000 once terms are agreed this will be deducted off the first payment of rent.
Deposit:
The landlord may ask the tenant to provide a deposit, this is typically the equivalent of three months worth of rent but could change and is subject of the tenants financial status.
VAT:
Value Added Tax at the prevailing rate is applicable on all costs shown in these particulars apart from business rates.
EPC:
The Energy Performance Rating of the property is = TBC
A full copy of this report will be available from the agents office upon request.
Specification
- Fully Fitted Spar Shop
- Cash Machine
- Costa Coffee
- Extensive Alcohol Stock
- Hot Food Sales
- Potential for Further Lines