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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Freehold
  • Off licence and convenience store, showing year on year growth
  • Income 2013 in excess of £575,000 and growing
  • Located in a prime city centre area
  • Excellent shop premises with accommodation with scope to expand, growing annual income

Listing view statistics

Last 30 days: 80 page views

Since listed: 1262 page views

Description

Reference - 43439
Description

This is a rare opportunity to purchase a business located within the city of Plymouth, on a freehold basis, such as what Grenville Stores offers. The store occupies the ground floor of an end of terrace Victorian built property, and offers huge scope to the seasoned shop keeper to develop further, with the added benefit of a 2 bedroom owners accommodation, or rental flat above, having its own separate entrance. The property and shop is fully functional, but minor renovation/decoration work is required offering the potential new owner the scope to make it theirs.

Owned by the current vendors since 1990 the stores has been in the area for over 50 years and has grown and developed with the area around it.

The stores are located within minutes walking distance of Mount Gould hospital and offers a selection of residents and professional people in the area. With easy access to the main A38 and a 10 minute walk into the city centre.

The stores recently purchased additional paper rounds from a competitor who closed down, and now has in excess of 11 rounds on its books. The store has also recently installed a new epos system and CCTV cameras have been installed.

Grenville stores offers a genuine opportunity to purchase a growing business for a seasoned operator, with huge potential for developing futher, as the vendors now wish to retire.

The store is licensed for alcohol sales, cigarettes and a whole host of household goods, in addition to everyday groceries, including fresh and frozen products, locally sourced meat products, ready meals specialist ice creams, tined products and newspapers.

Growing in reputation the vendor has projections for the store to turnover in excess of £600,000 within the next 12 months. There is additional scope to renovate the flat, which has its own separate entrance to develop additional income, or could be modified to provide an exceptional owners accommodation. Some work would be required to complete this.

This is a tot

Sales
Currently shop sales average £11,000 approximately per week and growing.
Accounts

Current records and accounts can be inspected after viewing.
Trading hours

Convenience Store
Monday – Sunday 07:00 – 22:00
Staff

Managed by the owners, with the help of 3 part time staff.

Building External
Grenville store occupies a prominent access road position, located close to heart of the city centre of Plymouth. The business occupies the ground floor and is accessed by a single entrance consisting of an aluminium door and shop front into the main retails area, the doorway is located across the angle of the corner of the building.

The main area of the shop occupies approx 6m x 6m, with the addition of a rear area measuring 4m x 6m. Upon entering the shop the main counter area is located to the lhs of the floor. Located on the counter is the hot snack oven, lottery terminal, scratch cards and a selection of sweets. To the rear of the counter area is located the cigarette display, (note to the rear of the property within the back office there are 2 cigarette stock vending machines reducing the liability for holding huge stocks of these items), Wines and spirits and a variety of medicines.
Continuing down the lhs and past the counter area there is an array of shelving units hosting 2 cold chilled fridges, a drinks chillers’ and an assortment of snacks.

Shelving to the rear part of the shop houses all the general household foods and is predominantly tin based. Following round to the right hand side is the general pet foods and other essential household items. A doorway then extends to the rear of the shop.

Now to the front rhs of the shop is the display stand with all the newspapers and magazines, the shop has excellent news rounds totalling 11 in all.

The centre of the shop floor hosts an assortment of shelving units for displaying additional foods, fresh produce, household and diy products.

The store also offers a cash machine, Paypoint and Lottery all generating additional high revenue streams.

The doorway to the rear of the shop leads to a corridor and the rear of the ground floor, here is the vendors office which also has kitchen facilities and to the rear of that is the bathroom, both these areas are in need of decoration/refurbishment. A
Residential accommodation

The property benefits from having a two bedroom owners accommodation/flat above the shop, which has been re-decorated throughout. The flat can be accessed by a separate UPVC door to the left hand side of the shop. A staircase leads to a communal landing. Note the flat/owners accommodation can currently also be accessed from the main corridor within the shop area.

The owners accommodation/flat consists of a kitchen measuring approx 3m x 4m, which offers base unit cupboards and work surfaces and is fully functional. A fully tiled bathroom, with shower. A further few steps up leads to the first double bedroom measuring approx 3.5 x 4m and a second smaller bedroom. A large living room/dining room occupies approx 4m x 6m into the bay.

Note: Some renovation work is required to the upstairs of the property, therefore leaving immense scope for the new owners to either modify the flats for rental or to modify into a spacious owner’s accommodation.
Tenure

We are advised that the property is freehold.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary

This business represents an ideal opportunity for a seasoned business owner, or first time business buyer, to acquire a business in a unique position with exceptional potential, in a desired location offering excellent scope to develop further.

The business represents an ideal opportunity and demand is expected to be exceptionally high, therefore early viewing is a must.

Building Internal
Grenville store occupies a prominent access road position, located close to heart of the city centre of Plymouth. The business occupies the ground floor and is accessed by a single entrance consisting of an aluminium door and shop front into the main retails area, the doorway is located across the angle of the corner of the building.

The main area of the shop occupies approx 6m x 6m, with the addition of a rear area measuring 4m x 6m. Upon entering the shop the main counter area is located to the lhs of the floor. Located on the counter is the hot snack oven, lottery terminal, scratch cards and a selection of sweets. To the rear of the counter area is located the cigarette display, (note to the rear of the property within the back office there are 2 cigarette stock vending machines reducing the liability for holding huge stocks of these items), Wines and spirits and a variety of medicines.
Continuing down the lhs and past the counter area there is an array of shelving units hosting 2 cold chilled fridges, a drinks chillers’ and an assortment of snacks.

Shelving to the rear part of the shop houses all the general household foods and is predominantly tin based. Following round to the right hand side is the general pet foods and other essential household items. A doorway then extends to the rear of the shop.

Now to the front rhs of the shop is the display stand with all the newspapers and magazines, the shop has excellent news rounds totalling 11 in all.

The centre of the shop floor hosts an assortment of shelving units for displaying additional foods, fresh produce, household and diy products.

The store also offers a cash machine, Paypoint and Lottery all generating additional high revenue streams.

The doorway to the rear of the shop leads to a corridor and the rear of the ground floor, here is the vendors office which also has kitchen facilities and to the rear of that is the bathroom, both these areas are in need of decoration/refurbishment. A

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Plymouth (Barbican) Landing Stage 0.7 miles
  • Plymouth Mount Batten Ferry Landing 0.8 miles
  • Prince Rock Primary School 0.2 miles
  • Salisbury Road Primary School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Plymouth (Barbican) Landing Stage 0.7 miles
  • Plymouth Mount Batten Ferry Landing 0.8 miles
  • Prince Rock Primary School 0.2 miles
  • Salisbury Road Primary School 0.3 miles

Market stats

Sale activity

Average estimated value for a house in PL4:

  • £181,776
  • Price decrease

  • -£16,537
  • (-8.339%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £176,575
  • Properties sold

    178

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom house in PL4 is currently:

£832 pcm

Recent sales nearby

See all recent sales in PL4
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Estimated running costs

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The Agent

Price history

Sold prices provided by Land Registry
28th Sep 2019 £249,999 Price increased by £10,004
13th Jun 2019 £239,995 Price reduced by £5,000
9th Mar 2019 £244,995 Price reduced by £4,955
4th Aug 2018 £249,950 Price reduced by £10,000
20th Jul 2018 £259,950 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. 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 Kings Business Transfer for full details and further information.