JD Commercial Property Directory

TOWN CENTRE FREEHOLD PREMISES CURRENTLY TRADING AS A PROFITABLE GREENGROCERS

 High Street / Town Square location
 Self contained flat above, currently let for £400 pcm
 Suitable as part investment / part owner occupier purchase
 Same ownership for nearly 20 years
 Established trade
 Prominent trading location
 Services : All mains connected
 Rateable Value : £6,100 Rates Payable : £2,794 Council Tax Band : A

LOCATION

Torrington is a small market town with a large agricultural hinterland, situated approximately 7 miles to the south east of the administrative centre of Bideford and approximately 11 miles to the south west of the sub regional centre of Barnstaple.

THE SITUATION

The property is situated on the High Street within the Village Square. Located opposite Barclays Bank and close to the redeveloped Pannier Market, the property is within the main retail core of the town. There are an assortment of mixed retailers in the immediate vicinity offering a broad range of town facilities and services.

THE PROPERTY AND CONSTRUCTION

Being of two storey construction under a pitched slate roof. The ground floor provides a double fronted unit with rear storage, walk-in chiller and side entrance for deliveries. The first floor has self contained access and provides three bed accommodation, lounge, kitchen and bathroom. The flat is currently tenanted for £400 pcm and vacant possession can be offered upon completion if desired.

THE PROPOSAL

Our clients are inviting offers for the freehold interest, with vacant possession of the upper floors available, if required.

THE BUSINESS

Trading as a traditional greengrocers, the business has been within the same family ownership for nearly 20 years.    Currently operating Monday - Saturday 8.00 am - 5.00 pm.   The average turnover for the last two years has been £163,000 with last years net profit being £23,000 per annum, this includes a wage bill of circa £12,000, which has been reduced to circa £4,000 for the forthcoming yearend.     The self contained flat is currently tenanted at £400 pcm, this not included within the above figures.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with an inventory of trade fixtures, fittings and equipment.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

Double fronted SHOP UNIT
34'0 x 14'2 (10.35m x 4.30m) Two tiered mirrored shelving, central sales gondolier, two tills, double doors to front, false ceiling, strip lighting, drinks chiller, two electronic scales

REAR STORE
18'0 x 14'9 (5.50m x 4.50m) Pre-packing machine, walk-in chiller, electric scales, strip lighting, side entrance

REAR TOILET
Low level w.c., wash hand basin

11A HIGH STREET

Hallway entrance with carpet, radiator heating

Landing with carpet, airing cupboard

KITCHEN
Eye and base units, tiled splash back, velux window, plumbing for washing machine, strip lighting

LOUNGE
15'5 x 12'10 (4.70m x 3.90m) carpet, radiator heating, double glazing, gas fire

BEDROOM 1
9'8 x 9'2 (2.95m x 2.80m) carpet, radiator heating, double glazing, cupboard

BEDROOM 2
10'0 x 8'2 (3.05m x 2.50m) carpet, radiator heating, double glazing

BEDROOM 3
10'4 x 10'3 (3.15m x 3.10m) carpet, radiator heating, double glazing

BATHROOM
Three piece bathroom with low level w.c., wash hand basin, bath with shower attachment, tiled splash guard, carpet

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