Freehold Convenience Store & Investment Property Located In Hall Green
Retail Area (1500 sq ft)
Producing Rental Income Of £14,400 pa
5 Bedroom Owners Accommodation Above (£18,000 income if rented as 2 flats)
Ref 2254

Location
This respected Convenience Store is located in Hall Green, Birmingham. Positioned within a prominent and highly visible parade of other independent retail businesses to include a pharmacy, Chinese takeaway, bakery/coffee shop, barbers, pizza takeaway, vape shop, hairdressers, reptile shop, florists and fish & chip shop. The area is surrounded by residential properties, benefits from unrestricted parking and is easily accessible and well serviced by public transport that gives high levels of passing footfall.

Asking Price £779,950 plus SAV

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Convenience Store which is located in Hall Green. The business has been established for over 50 years and has been in the careful hands of our clients for the past 20 years. Reluctantly the business is now being offered for sale to so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is family operated and has an weekly turnover of over £11,000 with additional commission income of £13,000 per annum. They retail a wide range of products to include groceries, confectionery, greeting cards, hardware, pet foods, tobacco, beers, wines, spirits, soft drinks, bread, ice creams, newspapers, toiletries, pet foods, dairy produce, newspapers and magazines. Services include Pay point, The National Lottery and an ATM cash machine. Included is a Vape shop which is rented out for £600 PCM and an office to the rear which is also rented for £600 PCM. Above you have spacious 5 bedroom owners living accommodation which could easily be turned into 2 rental flats by erecting a wall in the lounge. A 2 bedroom flat could produce (£650 PCM) and a 3 bedroom flat which would produce (£850 PCM) both have self-contained access from the rear. We believe that there is further potential to increase trade adding food to go products. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by due to it’s prominent location. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Opening Hours
Monday – Sunday – 8.00am – 9.00pm

Business Information
Weekly Turnover: £11,000
Commissions: £13,000 pa
News sheet: £250 pw
Stock: £30,000
Rental income: £14,400
Business rates: £7,7750 pa
Council Tax: £1,000 pa

Ground Floor
Retail sales area comprising: serve over sales counter with electronic EPOS cash register, 2 x drinks fridges, coffee machine (Nescafe), lockable tobacco kiosk, 2 x glass display cabinets, ATM cash machine, 3 x ice cream chest freezers, 3 deck ice cream freezer, small ice pop freezer, 5 x central display isles, large 5 door dairy fridge, milk fridge (Frostwell), 2 x double door drinks fridges (Fridgeland), 3 x double door drinks fridges, 2 x chest freezers, large deck beer chiller, 2 x 2 door beer fridges, single door beer fridge and CCTV monitor. Stock room with racking W/C with wash hand basin Office Hallway with storage racking and stairs with stair lift to first floor
Vape shop comprising: retail sales area, storeroom and W/C with wash basin Currently sub-let for £600 PCM

First floor
Single bedroom
Hallway with door leading to roof terrace
Lounge
Dining room
Double bedroom
Bathroom with shower cubicle, W/C and wash basin
Fully fitted L shaped kitchen
Dining room/lounge with patio doors leading to roof terrace

Second floor
Double bedroom with fitted cupboards, 2 x veluv roof windows, en-suite with shower cubicle, W/C and wash basin
Double bedroom
Double bedroom with en-suite shower cubicle, W/C and wash basin

External
Ground floor
Rear yard with metal stairs leading to first floor accommodation. Single storey brick built storeroom/office comprising: Lounge, single bedroom, kitchen, bathroom with shower cubicle, W/C and wash basin. This is double glazed, has electric storage heating and 3 roof windows. Currently sub-let for £600 PCM

First floor Roof terrace

The retail benefits from CCTV, air conditioning and an intruder alarm
EPC rating C