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Retail premises for sale

£25,000

Salisbury SP5, UK

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Property description

Ref 6033 – Leasehold Convenience Store
Blacks Brokers are proud to bring to the market this leasehold convenience store located in a densely populated and busy area of Downton, Salisbury.


Introduction


Costcutter Downton has been trading on High Street since 2016. The business offers a range of convenience and off licence products and has become very much part of the local community here, with a huge customer base of repeat customers and plenty of passing trade.


Location


The business is positioned on a busy main road close to many residential properties. The area is well linked with the A36 and A338. Parking is available immediately outside the shop and pubic transport links are good.


Reason for sale


Costcutter Downton is only being offered for sale due to our client’s other business commitments and a lack of time to run this business fully.


Lease


The business is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a 15-year lease and began in 2016 at a cost of £422 per week.


Building layout and design


Costcutter Downton is housed within the ground floor of a large, end-terraced property within a row of mainly residential houses. The shop is very well branded with standard “costcutter” signage and glazed frontage. Inside, the retail area is around 160 square feet in size with deli counter to the rear, along with food preparation area and kitchen which occupies around 30 square feet. The main retail area is very well-presented with stock displayed on wall shelving, central gondolas and within display fridges and freezers. Staff toilets are positioned to the back of the space. On the first floor is a large, two-bedroomed flat with kitchen, living room and bathroom. There is side access to a large car park.All areas are presented well with good quality fixtures and fittings in place.


Staff


The business is currently operating with two part-time members of staff in employment.


Financial details


Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £188,137of which comes from amazon at £80 a month, cash machine £50-£60 a month and ups at £25 a month, with gross profits of £69,712. There is Costcutter fees of £40 per month.


Summary


This is a good-sized store that is very well presented as it was only set up 1 year and 4 months ago. When it first opened, the business fully utilised the deli counter trading at the rear of the store which is supported by a fully equipped kitchen. This part of the business is no longer running, but provided deli products and takeaway food.This area of the business offers great scope for expansion and early viewings are strongly advised. Property: £25,000.

Please quote ref: 6033

What Zoopla users think of Downton

Overall rating:

  • currently 3.5 stars
Good - 70% (11 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 2 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 3 stars
Transport & travel

Rate Downton:

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Dean (Wilts) (5.8 miles)
  • Salisbury (6.1 miles)
  • Mottisfont & Dunbridge (9.0 miles)
  • Bournemouth Airport (15.3 miles)
  • Southampton Airport (17.1 miles)
  • Bristol Airport (50.2 miles)
  • Southampton Vehicle Ferry Terminal (16.1 miles)
  • Southampton Passenger Ferry Terminal (16.2 miles)
  • Hythe (Hants) Ferry Terminal (17.2 miles)

Nearby schools

View all schools in Wiltshire
  • Downton CofE VA Primary School (0.4 miles)
  • Morgan's Vale and Woodfalls Church of England Primary School (1.1 miles)
  • Hale Primary School (1.7 miles)
  • Salisbury Sixth Form College (5.4 miles)
  • Ferndown Upper School (14.6 miles)
  • Canford School (16.8 miles)
  • The Trafalgar School at Downton (0.6 miles)
  • The Burgate School and Sixth Form (4.3 miles)
  • Forres Sandle Manor School (5.0 miles)
Note: Distances are straight line measurements

Local info for Wiltshire

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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