JD Commercial Property Directory

GENERAL CONVENIENCE STORE AND OWNERS ACCOMMODATION WITH TURNOVER OF APPROX £450,000

 Double fronted retail unit, on main arterial road to Harbourside
 High passing and chance trade location
 Turnover of circa £450,000
 Same ownership for the last 15 years
 3 bedroomed accommodation over two floors
 Predominantly run with staff, potential for owners to increase hours
 Lottery terminal and mobile top up services offered
 Services : Mains drainage, water, electricity and gas

LOCATION

Ilfracombe is a popular resort situated on the North Devon Coast, with an estimated population in the region of 10,500.  The sub regional centre of Barnstaple lies approximately 13 miles to the south.

THE SITUATION

The subject property is in St. James Place which is the main arterial road leading into the harbour and quayside.  This area enjoys a good captive audience, bolstered by the busy summer trading period.  The area is within the restaurant / dining part of the town and is not far from the restaurant premises in the ownership of the renowned artist, Damien Hirst. Ilfracombe has also had speculation regarding the redevelopment of the harbour area, as well as the commencement of a ferry link across the Bristol Channel to Wales.  Tesco have opened an edge of town supermarket, as have the Co-Operative opened a town centre supermarket.    Other residential schemes are also afoot and under construction.

THE PROPERTY AND CONSTRUCTION

Being of three storey construction, with a double fronted shop unit at ground floor and a brick faced front elevation above.  The shop unit provides 400 sq.ft (37 sq.m) and is fitted with a false ceiling, service counter, assorted fridges, freezers and racking / shelving.  To the rear of the shop is a stockroom with further fridge and freezer storage.  The residential accommodation is spilt over two floors, with a lounge / diner, kitchen, bathroom and external roof top area on the first floor and three bedrooms on the second floor.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

Our clients have owned the business for 15 years, during which time they have built a considerable trade with a turnover in the region of £450,000.  Over the last few years the owners have delegated much of the day to day running of the business to members of staff.  It is thought new owners could reduce these costs if they wished to undertake more shop hours themselves.  The business is traded as a general convenience store with main lines including traditional convenience goods as well as newspapers, magazines, national lottery, mobile phone top up and hot drinks.  Included within the sale is a sign written Vauxhall Movano ’04 registered van which our clients use for cash and carry pick up

RATES

We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value: £4,050 Rates Payable: £1,754 based on uniformed business rate of 43.3p in the pound.   Occupiers may qualify for reliefs and are advised to make their own enquiries of North Devon District Council.

THE INVENTORY

The property is sold with the benefit of a detailed inventory of trade fixtures, fittings and equipment.

LICENCE

The property benefits from an alcohol Off Licence.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

GROUND FLOOR

SHOP UNIT
GIA 400 sq.ft (37 sq.m) Double fronted unit with central entrance door, false ceiling, strip lighting, carpeted flooring, 3 x drink chillers, assorted shelving displays, 3 x food chillers, 1 x double chiller, confectionery display, counter servery, newspaper stand, lottery terminal, till, electronic scales, freezer and hot drinks machine.

STOCKROOM
Shelving, 3 x fridges, 1 x freezer

Stairs leading to:-

FIRST FLOOR

LANDING

KITCHEN
Eye and base units, fitted gas hob and double oven, laminate flooring, door to roof top area

3 PIECE SHOWER ROOM
Vinyl flooring, corner shower unit, wash hand basin, low level w.c.

LOUNGE / DINING ROOM
16`6 x 16`5 (5.05 m x 5.00 m) Carpet, radiator heating, bay window, fire surround with inset gas fire

SECOND FLOOR

Landing with carpet and loft access

BEDROOM 1
9`5 x 9`4 (2.85 m x 2.85 m) Carpet, radiator heating, fitted wardrobe

BEDROOM 2
10`2 x 10 (3.10 m x 3.05 m) Carpet, radiator heating

BEDROOM 3
7`4 x 7’2 (2.25 m 2.20 m) Carpet, radiator heating

OUTSIDE

There is a roof top area accessed from the kitchen housing a storage shed.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk