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Retail premises for sale

£25,000

64 Cowbridge Road East, Cardiff CF11

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Property description

Business
Hilton Smythe welcomes to the market this very well-established off license and general store.

The shop itself has been run by the current owners for around 20 years now and they are looking towards a well-earned retirement, due to ill health.

They have a diverse range of products to include, newspapers, tobacco, sweets and groceries, national lottery, together with sundry items to include greeting cards, photocopying, hardware and much more.

We believe from the owners that the current shop takings are £12/14,000 per month, however this could be higher, but with ill health they have been restricted.

The takings included approx. £300 per week for alcohol sales, £1800 per week for tobacco and £400 per week for lottery. They also have Pay Zone card machine and raise £700 pcm for the 2 bedroom flat above.

With longer hours including opening on a Sunday and making full use of the alcohol license which is until 11pm, together with more advertising and a wider product range this shop could easily be taken to the next level.

There is an extensive inventory of fixtures and fittings to include fridges, shelving and racking, serving counter and till.

Hilton Smythe recommend early viewing as this is a must-have opportunity.

Location
Arti Off License is situated only half a mile from the centre of the City of Cardiff in a busy retail and residential area, being within 5 minutes’ walk of the Castle and centre.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in United Kingdom. The city is the country's chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for Wales.

The unitary authority area's mid-2011 population was estimated to be 346,100, while the population of the Larger Urban Zone was estimated at 861,400 in 2009.

Cardiff is also a significant tourist centre and the most popular visitor destination in Wales with 18.3 million visitors in 2010. In 2011, Cardiff was ranked sixth in the world in National Geographic's alternative tourist destinations.

Access is easily gained to all surrounding areas via the M4 motorway.

Premises
Arti Off License is situated only half a mile from the centre of the City of Cardiff in a busy retail and residential area, being within 5 minutes’ walk of the Castle and centre.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in United Kingdom. The city is the country's chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for Wales.

The unitary authority area's mid-2011 population was estimated to be 346,100, while the population of the Larger Urban Zone was estimated at 861,400 in 2009.

Cardiff is also a significant tourist centre and the most popular visitor destination in Wales with 18.3 million visitors in 2010. In 2011, Cardiff was ranked sixth in the world in National Geographic's alternative tourist destinations.

Access is easily gained to all surrounding areas via the M4 motorway.

Tenure
We are advised that the business is being sold as a Leasehold opportunity, with a new 5-year lease to be agreed. The proposed rental is £21,600 per annum including the flat.

According to the voa website the current rateable value is £7,600, however the owners inform me that they benefit from small business rate relief.

Hours
Monday 8:00 a.M. To 9:15 p.M.
Tuesday 8:00 a.M. To 9:15 p.M.
Wednesday 8:00 a.M. To 9:15 p.M.
Thursday 8:00 a.M. To 9:15 p.M.
Friday 8.00 a.M. To 9:15 p.M.
Saturday 8.00 a.M. To 9:15 p.M.
Sunday Closed

Staff
The business is currently run by the owners and other family members.

Financial Profile
We believe from the vendors that the shop presently turns over £13,000 per month, however this used to be higher before the owners suffered ill health. Also, there is an income of £700 per calendar month for the flat.

What Zoopla users think of Cardiff

Overall rating:

  • currently 4 stars
Very good - 81% (200 ratings)

Ratings breakdown:

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

Rate Cardiff:

Tell us what you think of this area by rating these categories.
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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

  • Ninian Park (0.4 miles)
  • Cardiff Central (0.8 miles)
  • Cathays (0.9 miles)
  • Cardiff Airport (8.7 miles)
  • Bristol Airport (21.6 miles)
  • Exeter International Airport (52.5 miles)
  • Cardiff Castle Waterbus Stop (0.4 miles)
  • Taffs Mead Waterbus Stop (0.7 miles)
  • Channel View Waterbus Stop (1.5 miles)

Nearby schools

View all schools in Cardiff
  • Gaer Junior School (10.0 miles)
  • Gaer Infant School (10.2 miles)
  • St Andrew's Junior School (11.8 miles)
  • North Somerset Enterprise and Technology College (14.8 miles)
  • West Somerset College (22.9 miles)
  • The Kings of Wessex Academy (23.0 miles)
  • Severn Primary (0.2 miles)
  • St. Mary's R.C. Primary School (0.2 miles)
  • Kitchener Primary School (0.3 miles)
Note: Distances are straight line measurements

Local info for Cardiff

About the neighbours in CF11

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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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