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Property Listing Details

Retail premises for sale

Stockport Road, Levenshulme, Manchester M19

  • Business for sale

£35,000

Property details

Listing view statistics

Last 30 days: 63 page views

Since listed: 492 page views

Description

Ref 6172 - Leasehold Convenience Store & 2 Self Contained Flats with Rental Income
Blacks Brokers are pleased to bring to the market this leasehold convenience store with two, self-contained flats located in a busy and much sought-after area of Levenshulme, Manchester.
Introduction

Oasis Convenience Store has been trading on Stockport Road for many years, with our client in ownership since 2017. The business has firmly established itself within the local community and has gained a large base of regular customers. It is also very well placed for plenty of passing trade. The building has two, self-contained flats on the upper floors - both of which are currently let out and generating a combined income of £10,800 per annum, making the net rent for the business around £90 per week.
Location

Situated on a busy main road, this superb trading position in Levenshulme is well linked by the M60 and A6. Free parking is available close by and public transport links are excellent.
Reason for sale

The business is reluctantly being offered for sale due to our client's ill health.
Lease

The building 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 ten years with rent reviews every five. The current lease began in 2017 at a cost of £297 per week.
Building layout and design

Oasis Convenience Store is operating from the ground floor of a substantial three storey, mid-terraced property. The business is branded well with clear signage displayed above a glazed frontage. Inside, the shop is well stocked with a range of convenience products and offers services including National Lottery, Payzone, Paypoint and a free cash machine. The shop is well presented, with wall shelving, central gondolas and display fridges and freezers as required. To the rear of the retail area are two storerooms and a staff toilet. There is a private car park to the back of the building with space for one vehicle and an outbuilding currently used for storage.

The lease also includes two, self-contained flats - these are accessed directly from Stockport Road. 830A Stockport Road is a two-bedroomed flat with bathroom, kitchen, lounge and dining room and brings rental income of £500 per calendar month.830B Stockport Road is a one-bedroomed flat with open plan living room/kitchen-diner and bathroom. This brings rental income of £400 per calendar month.Both are currently tenanted.
Staff

Our client works full time in the business with the assistance of one part-time member of staff in employment.
Financial details

Oasis Convenience Store has traded solidly during its impressive trading history. The business generates an annual turnover of £400,000 with gross profits of £90,000. Full financial details are available upon viewing.
Summary

This leasehold business is long established, with a range of options for a new owner. It delivers impressive takings from multiple income streams. There is plenty of scope to develop the business further with additional marketing and the introduction of new product lines. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £35,000.

Please quote ref: 6172

Map & Nearby

Local Amenities

  • Levenshulme 0.2 miles
  • Ryder Brow 1 miles
  • Manchester Vocational and Learning Academy 0.1 miles
  • Crowcroft Park Primary School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Levenshulme 0.2 miles
  • Ryder Brow 1 miles
  • Manchester Vocational and Learning Academy 0.1 miles
  • Crowcroft Park Primary School 0.3 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Blacks Business Brokers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information.