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Retail premises for sale

£29,995

280 Walsgrave Road, Coventry CV2

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Property description

Business
Hilton Smythe is delighted to welcome to the market this popular off licence business, which is ideally located within the city of Coventry in the West Midlands.

The business was originally established in 1985 and has been in our client’s careful ownership since 1997. Only now is the business being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £208,000 per annum, with a good gross profit.

Our client offers a variety of alcoholic beverages including wines, spirits, lagers and beers, to name a few, as well as soft drinks, confectionery, snacks, tobacco products, Lottery and Paypoint facilities. The property boasts 69 sq. Metres of floor space, are very well maintained and fitted out to suit the trade.

Our client has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours of the business. A new owner could embark on a modest marketing campaign to highlight the goods and services offered. We also feel the business would benefit from social media exposure, such as a page on the popular website Facebook, which is a good and free way of advertising.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
gp Off Licence occupies substantial ground floor premises, ideally located within the city of Coventry in the West Midlands. The property is situated within a parade of complimentary shops and business on the busy Walsgrave Road, therefore, benefiting from a high volume of footfall and passing trade, as well as car parking facilities to the front of the premises. This is a densely populated residential area of the city, from which the business derives much of its trade.

Coventry is in the county of West Midlands and until 1974 was part of Warwickshire. The city is the 10th largest in England and the 12th largest UK city overall. As of 2013, Coventry had a residential population of 329,810.

The area of the business is well served by the public transport system, with a bus stop less than a minutes’ walk away. Coventry railway station is approximately 3 miles away. The area is also well served by the a-roads, with the business being situated on the A4600, which links to the national a-road and motorway networks. Nuneaton is approximately 10 miles away and Birmingham is 26 miles away.
Premises
Substantial ground floor premises in a prime trading location, briefly comprising:

Window to front, creating a light and airy feel.

Serve over counter with wrapping area, electronic cash register, Lottery terminal and Paypoint terminal.

Glass top ice cream freezer.

3 x glass fronted drink chiller units.

Suspended ceiling with concealed lighting.

Racking and shelving.

Rear stockroom with perimeter shelving.

Rear drink storage area.

Monitored alarm system.

6 x camera CCTV system.

Roller shutter door.
Tenure
We are advised leasehold:

Original lease length: 15 years

Remaining lease length: 6 years as of 2017

Rent: £13,000 per annum
hours
The business is open:

Monday – Saturday: 11.00am – 10.00pm

Sunday: 12.00pm – 3.00pm and 5.30pm – 10.00pm
staff
The business is owner run and managed.
Financial profile
The business generates a turnover in the region of £208,000 per annum, with a good gross profit.

What Zoopla users think of Coventry

Overall rating:

  • currently 3.5 stars
Good - 73% (491 ratings)

Ratings breakdown:

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Nearby transport

  • Coventry (1.8 miles)
  • Coventry Arena (2.8 miles)
  • Canley (3.2 miles)
  • Coventry Airport (2.9 miles)
  • Birmingham International Airport (11.9 miles)
  • East Midlands Airport (29.7 miles)
  • Sharpness Old Docks (64.0 miles)
  • Lydney Harbour (65.4 miles)
  • Castle Park Ferry Landing (81.5 miles)

Nearby schools

View all schools in Coventry
  • Sacred Heart Catholic Primary School (0.3 miles)
  • Stoke Primary School (0.3 miles)
  • Ravensdale Primary School (0.4 miles)
  • City College Coventry (1.3 miles)
  • Henley College Coventry (1.5 miles)
  • WMG Academy for Young Engineers (4.3 miles)
  • Stoke Park School and Community Technology College (0.2 miles)
  • Pattison College (0.5 miles)
  • Lyng Hall School (0.9 miles)
Note: Distances are straight line measurements

Local info for Coventry

About the neighbours in CV2

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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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