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Property Listing Details

Retail premises for sale

161 Newmarket, Louth LN11

£14,995

Description

Business
Hilton Smythe are pleased to welcome to the market Londis convenience store, Louth. The business has been operated by the current vendor for over six years and, due to relocation, this exciting business opportunity has become available to purchase.

The shop offers a popular range of services and produce to serve the main residential area, the surrounding communities as well as the busy passing trade. The store is fully licensed and stocks a range of convenience store essentials including tobacco, beers, wines and spirits together with a good range of frozen produce, crisps, confectionary and some additional home essential items.

The business used to operate a Payzone and lottery service, which gives the new operator a chance to reintroduce these services for added income and footfall generation, as well as expanding the current food offering and range of produce further to benefit from the ideal location of the business in this sought-after market town.

The site also has the added rare benefit of a well-appointed, two- bedroom accommodation to the first floor, providing the new owner with accommodation for family or management. This is a rare and exciting opportunity which is not to be missed.

Location
Ideally situated at the top end of Newmarket Road in the picturesque and sought-after market town of Louth, Lincolnshire, this Londis store benefits from being close to the town centre, on a main arterial link, with ample on street parking to the front and amongst the residential dwellings nearby.
The site is easily accessible by all modes of transport with busy passing trade and footfall in and out of Louth.

Premises
This end terraced property is of brick construction under a pitched tiled roof and briefly comprises ground floor Londis convenience store with ample shelving to the perimeter together with central display gondolas, various refrigeration and freezer units complete with serving counter, tobacco stand and cash register. There are two separate store rooms with rear access, WC & hand wash basin and owners parking to the rear.

The first-floor accommodation is accessed through the convenience store and comprises two good sized bedrooms, a bathroom, kitchen and living room. The business is being made available to function in its current format and includes all shelving, racking, display counters, fridge freezers and drinks fridges.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £1,000 per month.

Hours
The opening hours are currently 8.00am to 8.00pm Monday to Saturday and 9.00am to 4.00pm on Sunday.

Staff
The business is run and managed by the current vendor plus 1 x part time assistant.

Financial Profile
We are advised the business is currently turning over in the region of £5,000 per week and that there are currently no business rates payable.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • St Michael's Church of England School, Louth 0.3 miles
  • Louth Academy 0.3 miles
  • Humberside Airport 20.7 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. 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 Hilton Smythe Commercial for full details and further information.