For Sale
Grocery Store With Accommodation
Seaham, County Durham
- Asking Price: £149,950 +SAV
-
Turnover:
The business reports a weekly turnover of approximately £1800/£1900 per week.
- Tenure: Freehold
Freehold £149,950 Plus SAV
Hilton Smythe are delighted to introduce William Brass to the market. The business has been proudly owned by the same family for three generations. This is a reluctant sale due to the current owners wishes to retire.
William Brass (fruiterer/florist) enjoys a prime centre village location, the principal business activities lie in the serving of everyday commodities, providing a comprehensive range of convenience foods, fresh vegetables, sweets, and chilled drinks, everything one would expect from a village convenience store. William Brass also services the community as the local florist; we feel the florist aspect of the business has massive potential for growth as the business has been run at a pace to suit our client.
With extended working hours and with an injection of marketing and advertising, relating to the florist component of the business, we believe would certainly pay dividends for this long established and successful business.
Above the shop is a three bedroom flat, currently rented out by the owner. A garage is also available for rental purposes, further increasing income.
The size of the premise also lends to alternative uses, perhaps as an alternative retail outlet or would be a superb investment opportunity for an investor.
The business is run by the current owner with the assistance of two part-time staff.
Monday and Tuesday 9.00 a.m - 5.30 p.m.
Wednesday 9.00 a.m - 4.30 p.m.
Thursday and Friday 9.00 a.m - 5.30 p.m.
Saturday 9.00 a.m - 4.30 p.m.
Sunday Closed
William Brass is located on Woods Terrace, Murton, Seaham, an attractive village in County Durham. William Brass sits on the main pedestrian high street, surrounded by complimentary businesses serving the local village community, making footfall in the area naturally high.
Murton lies six miles east of the city of Durham and seven miles south of Sunderland, with a population circa. 7500.
Murton is easily accessible from the M1, A1M and the B1285.
The property is a quaint, yet substantial, double fronted, two storey building.
On the ground floor the shop has a spacious sales and display area containing, predominately, custom fitted, mirror backed units, displaying fruit and vegetables.
Within the shop there is a double door Coca Cola display chiller, a centre gondola, the florists trade counter, two checkouts housing electric tills, complete with electric scales.
To the rear of the shop is a storage area, kitchenette, a sink unit and washroom facilities with a toilet.
On the first floor of the property is a three bedroom, self contained flat with rear access through a small private yard. The flat comprises of two double bedrooms and one single, a lounge and dining room. The flat is complimented further, recently having a newly fitted kitchen installed.
The self contained flat is currently occupied by a long standing tenant, paying a rental of eighty pounds per week.
To the rear of the property lies the single storey, double door, large brick garage which is currently rented out at ninety pounds per week.
Tenure
Advised freehold.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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