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Retail premises for sale

£14,995

30 Earlham West Centre, Norwich NR5

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Property description

Business
Hilton Smythe welcomes to the market Phil’s Topshop, a family run greengrocers and pet shop since 1979. Our client is now looking to retire.

Phil’s Topshop caters for the local community, being primarily a greengrocer’s which supplies local produce and a pet food store, the shop also has sweet shop area, and is the local ups access point, which brings further footfall.

Phil’s Topshop currently does not have a website or social media page but does command a 5* Google rating, due to the well-stocked shop and great customer service, which has been the owners’ ethos since opening.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Phil’s Topshop is located in Norwich, Norfolk on a corner position within a parade of shops close to the University of Norwich with a large student community and busy residential area.

With a mixture of local shops and opposite a dental practice, doctors’ surgery and school, there is ample parking and there are also bus links directly to the city centre and surrounding areas.

Premises
Hilton Smythe welcomes to the market Phils Topshop.

There is a large pavement to the front of the premises which allows display of merchandise.
The double fronted shop is entered from the main pavement into the main shop area with the greengrocer area to the left and the pet food supplies to the right.

The main greengrocer area has a 4 -tier display shelving, further 3 tier display shelving, service counter which doubles up as sweet counter with till and scales, 5 tier shelving for sweet jars, 5 tier shelving for household goods, large 4 tier fridge.

The pet food area has storage shelving for pet foods for dogs, cats, birds etc. Areas for nuts, seeds and millet.

From the shop there is a lobby way which has access to the rear and doors to:-
Large store room with shelving
Smaller stock room which has tea making facilities.
Separate WC

Outside to the rear there is a shared drive with access directly to the rear of the shop and parking for one vehicle.

N.B. Our client currently rents a garage to the rear of the premises which is used for storage, this is rented by separate negotiation from the local authority at £53.00 pcm.

Our client also has a Vauxhall Combo van, which is available by separate negotiation for £8,000. The van has approximately 10,000 miles on the clock and has a 2016 registration plate.

Our client is marketing in order to achieve a quick sale, hence the realistic asking price.

Tenure
We are advised the business is being sold as a Leasehold business opportunity.
The current lease expires March 2025
Rent: £6250 per annum.
The landlord is flexible with regards to renewing the lease.

Hours
The business opening hours:
Monday-Saturday:8.00am-5.30pm
Sunday: Closed.
The lease permits longer opening hours if required.

Staff
The business is run and managed by our client, with the help of 2 x part time members of staff.

Financial Profile
Phil’s Topshop generated an advised turnover of circa £142,856 as of the 2015 accounts, with a gross profit of circa 33%.

What Zoopla users think of Norwich

Overall rating:

  • currently 4 stars
Very good - 82% (261 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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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

  • Norwich (2.8 miles)
  • Wymondham (6.9 miles)
  • Salhouse (7.0 miles)
  • Norwich International Airport (2.9 miles)
  • London Stansted Airport (66.9 miles)
  • London Southend Airport (76.9 miles)
  • Reedham Ferry North (14.0 miles)
  • Reedham Ferry South (14.0 miles)
  • Southwold Ferry Landing (28.3 miles)

Nearby schools

View all schools in Norwich
  • West Earlham Junior School (0.1 miles)
  • West Earlham Infant and Nursery School (0.1 miles)
  • Norwich Primary Academy (0.4 miles)
  • Sir Isaac Newton Sixth Form Free School (2.1 miles)
  • East Norfolk Sixth Form College (20.5 miles)
  • Bury St Edmunds County Upper School (34.5 miles)
  • City Academy Norwich (0.4 miles)
  • Eaton Hall Special Academy (1.2 miles)
  • The Clare School (1.2 miles)
Note: Distances are straight line measurements

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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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