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Retail premises for sale

£49,970

684 Wolverhampton Road, Oldbury B68

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Property description

Business
Hilton Smythe welcomes to the market am 2 pm. This convenience store was originally established in 2014 by our client. The owner is now looking to sell the business due to the desire to focus on other business interests.

The business runs as a convenience store selling a fantastic range of products. They offer a great selection of confectionary products, alcohol, household products and much more. This is a great store that is in a prominent trading location. The store sees a heavy amount of passing trade each day. The area also has a mass of residential property from which the owners sees many repeat faces.

The business is currently generating a healthy turnover. This is a healthy turnover however we feel this could be increased. The business doesn’t currently offer the Lotto. A newspaper delivery round and the sale of newspapers should be looked into. These options are always a great way of generating an extra turnover.

We are advised that the shop recently received a full refit. This is great for a new owner looking for a fresh new store. The premise has been complete with high quality fixtures and fittings, so this really is a walk-in trading opportunity. We are advised the council have also confirmed a hatch can be fitted, this will allow for 24 hour opening times Friday and Saturday.

This convenience store has little competition in this location and would be a fantastic opportunity for a first time buyer or investment opportunity. Hilton Smythe highly advise early viewing to take in the full potential. This is an opportunity not to be missed.

Location
am 2 pm is located in Oldbury, West Midlands.

The business is situated on a busy arterial road. The store is amongst three stores on a retail parade. There is a beauty salon and a butchers. The business is also directly facing a main bmw dealership and is one mile from The Hagley Road which is a main a-road that runs into Birmingham City Centre. Directly outside is a parking area for around 8 cars, this is off road parking. Oldbury Academy is just 300 yards away from the shop which brings in lots of custom. Directly facing is a 24 hour pdsa veterinary surgery. Close by is a new housing estate which has brought more footfall to the area.

The A4123 on which the business is located connects to the A456 and leads to the centre of Dudley. This road also connects to the M5 motorway network. There are great road links in the area which make it easy to commute to the centre of Birmingham. Birmingham is just a short 20 minute drive away. There are also many bus stops in the area.
Premises
The front of the property is well-signed. This is a large property in the centre of a retail parade. There are windows across the front allowing for a bright and airy retail space.

On entrance to the right is the counter. This has frontal and on counter displays. Behind this area is the dearer alcohol and cigarette gantry. There is a till and the counter is fitted with a panic button. The store is open plan with a central aisle to the back of the room. The shop has two large open fronted chillers and a freezer, the rest of the perimeter is made up of shelving.

Equipment included in the sale is as follows-

Till

Counter

Cigarette gantry

Double slush machine

Sweet display unit

Two 3 section open chillers (Arnec),

Two door upright display freezer

Central Display Aisle

Perimeter shelving

CCTV with 8 x cameras.

Through to the rear there is a stock room with a fridge, sink unit, table and chairs. The store room is also fitted with racking. There is also a WC.

The business is fitted with electric shutters, security grill at the rear door and a 8 camera CCTV system.
Tenure
We are advised the business is being sold as a leasehold opportunity.

Original lease length: 5 years

Remaining lease length: 3 years as of 2016

Rent: £8,500 per annum including VAT.

Accommodation available for living accommodation - Rent: £550 per calendar month and cannot be sublet.
Hours
The business is opening hours-

Monday - Saturday: 8am – 11pm

Sunday: 10:00am – 10:30pm
staff
The business is run and managed by our client with the help of family members.
Financial profile
The business generates a healthy turnover.

What Zoopla users think of Oldbury

Overall rating:

  • currently 3.5 stars
Good - 72% (96 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Parks & recreation
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  • 1
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  • 5
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Nearby transport

  • Rowley Regis (0.8 miles)
  • Langley Green (0.9 miles)
  • Sandwell & Dudley (1.8 miles)
  • Birmingham International Airport (11.4 miles)
  • Coventry Airport (23.8 miles)
  • East Midlands Airport (37.5 miles)
  • Sharpness Old Docks (56.0 miles)
  • Lydney Harbour (57.4 miles)
  • Bristol Docks Ferry Landing (73.7 miles)

Nearby schools

View all schools in Sandwell
  • Causeway Green Primary School (0.2 miles)
  • The Orchard School (0.4 miles)
  • Al Khair School (0.4 miles)
  • Halesowen College (2.4 miles)
  • Sandwell College (2.5 miles)
  • Sandwell Valley School (2.5 miles)
  • Oldbury Academy (0.2 miles)
  • Q3 Academy Langley (0.6 miles)
  • Bristnall Hall Academy (0.9 miles)
Note: Distances are straight line measurements

Local info for Sandwell

About the neighbours in B68

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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