Reference No: A11100/B4163
Description: COB SHOP, OFF-LICENCE & GENERAL
Address: 4 CORONATION WALK, GEDLING
Location:
Gedling
Property Status:
Leasehold
Takings: Approx. £3,400 excluding vat pw
Business Price Guide:
£25,000+sav
Rental Guide IRO:
£5,000 (actual) pa
No. of Bedrooms:
Reduced
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We have had the pleasure of selling this particular business in the past and it is refreshing to see that it is in very good heart.

It is a very well-known concern conducted from lease hold lock-up premises well sited in a prosperous neighbourhood to serve passing trade, a large catchment area and a large comprehensive school.

There is no direct immediate competition and proposed major works outwardly makes this the business of first-choice for the labourers involved.

The business has a loyal regular customer base able to enjoy limited outside seating on its forecourt valuable for the display of bedding plants etc.

In all an attractive profitable concern with a proven track record, prospects of continuing growth and ideal for a husband and wife team.

STOCK: £4,500 approx adjustable

STAFF: Owner plus 3 part time assistants

HOURS: Monday - Friday 7.30am - 6.00pm Saturday 8.30am - 5.30pm Sunday 9.00am - 4.00pm

FIXTURES & FITTINGS: SEE THIS IS IMPORTANT (below)

LEASE: The owners are currently 'holding over' from their original lease paying RENT of £5,000pa exclusive of rates. It is believed that the landlord id prepared to grant new lease - this may involve a slight increase in rent and is subject to confirmation.

COSTS: SEE THIS IS IMPORTANT (below)

THE ACCOMMODATION COMPRISES

GROUND FLOOR

SHOP: Approx 22'0" x 11'4"

STORE: Approx 7'2" x 6'3"

KITCHEN: Approx 8'4" x 9'11"

Separate WC




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Arrange a Viewing email: info@austin-blowers.com or telephone: 0115 9539901

THIS IS IMPORTANT

VIEWING

All viewing arrangements are to be made through Austin Blowers unless otherwise stated and where a business is being sold it is to be conducted on a confidential basis. Any infringement of this procedure could result in action in the event of damage to the business being caused by knowledge of the sale being made known to staff or any other third party. Austin Blowers do not accept any loss or expense incurred in viewings. Interested parties should check on availability prior to viewing

FINANCIAL SERVICES

>Austin Blowers will be pleased to make introductions for raising finance for the purchase of a business and all other property. Remember your home/property is at risk if you fail to keep up payments on a mortgage or any other loan secured on it.

FREEHOLD

In instances when we are selling a business conducted from leasehold property and the freehold or long leasehold interest is available for purchase, the purchaser of the business should note that all negotiations for the purchase of the freehold or long leasehold interest are to be conducted by and through Austin Blowers and that the purchaser will be liable to pay Austin Blowers a commission at the rate of 2% + VAT of the purchase price for this service, payable upon exchange of contracts.

LANDLORD AND TENANT ACT 1954

Most leases coming to the end of their term are renewed without difficulty. If you need to known how this important legislation is likely to affect you as a tenant, please ask for a copy of our Business Investment Guide. Whilst you will find this helpful, you should, nevertheless, seek professional advice from your solicitor.

FIXTURES & FITTINGS, PLANT EQUIPMENT & CONDITION OF PROPERTIES

A detailed schedule of items to be included in the sale will be provided prior to exchange of contracts. Prospective purchasers will be advised direct by the vendor of any items to be retained and those that may be subject to Hire purchase /Lease /Lease purchase or other similar charge.

Prospective purchasers should satisfy themselves as to the safety and serviceability of any item, its age and compliance with any statutory or similar regulation.

Austin Blowers, nor anyone in its employ, are competent to comment on and give no warranty and accept no liability as to the condition, serviceability, or suitability for use of any item of plant or equipment or fixtures and fittings and purchasers are advised to satisfy themselves. Furthermore Austin Blowers do not give any warranty as to the structural condition of the properties offered and purchasers should satisfy themselves on this point.

PLANNING & STATUTORY CONSENTS

Prospective purchasers or tenants should make their own

enquiries of the Local Planning Department and satisfy themselves at their own expense as to the use they intend to implement. It should not be assumed that the property has all the necessary planning, building regulations or other statutory consents.

COSTS

In the instance of an assignment of a lease /tenancy agreement /licence, the purchaser will be responsible for ALL (i.e. both vendors and purchasers) legal and related costs involved in the assignment. Where a new lease /tenancy agreement /licence is to be prepared, the purchaser will be responsible for all legal costs in the preparation of the lease/tenancy agreement /licence and any subsequent leases /tenancy agreements /licence and any stamp duty thereon. COSTS RUN FROM THE TIME SOLICITORS ARE INSTRUCTED BY US.

AVOID DISAPPOINTMENT

If you are interested in this property /business, it is important that you should contact Austin Blowers first, before your own solicitors are instructed or you issue instructions for the sale of your own business or property. It is always possible that we may have already secured a purchaser. Austin Blowers will not be liable for any costs/expenses incurred in the negotiating process.

VALUE ADDED TAX

It is now possible that on certain property /business transactions VAT may be payable. Properties and businesses are offered on the basis that the prospective purchaser or tenant, as the case may be, may be liable and they should, therefore, seek independent advice from their accountants or solicitors.

All prices quoted do not include VAT unless otherwise stated.

BUSINESSES

Businesses are like living organs. They are changing and evolving in one way or another all the time- The information given in these particulars reflects the nature of the business at the time we received our instruction to sell.

By the time you make an inspection it could be that some of the changes referred to have taken place. If that appears to be the case let us know and we will be pleased to determine the prevailing circumstances.

NB

1. The condition of heating systems, all other mains services their connections and appliances is not known and have not been tested by us. Inquiries should be made direct with the owner where possible or through professional advisors as to their age condition and serviceability.

2. Descriptions given are subjective. They should not be taken as statements of fact.

3. It should not be assumed that contents displayed in photographs are to be included in the sale.

4. Areas and measurements provided are given as a guide only -they are not precise. If such information is crucial to a purchaser they should satisfy themselves on such information.

FINANCE

To comply with current legislation, we are under an obligation to check as far as possible the financial status of prospective purchasers to enable our client to make considered decisions. Confirmation of availability of funds to purchase should be provided to us by your solicitor/bank/building society.