A substantial, detached freehold building compromising a village stores over ground floor with spacious living accommodation arranged over ground and first floors. The property benefits from a well maintained rear garden area, car port and a forecourt providing off road parking and access for deliveries. There is good off road street parking for customers in the immediate surrounding roads.
Commercial Aspect - The commercial aspect provides an open plan double fronted retail shop with ancillary storage to the sides.
Residential Aspect - The residential aspect offers four bedrooms, two bathrooms, a spacious kitchen and conservatory, utility room and vaulted living room arranged ground and first floors.
BUSINESS:
The freehold is being sold with the benefit of the existing well established village stores business (est. 19 years). The business is run by a husband and wife team who are looking to retire and therefore, the going concern interest will include trade fixtures and fittings. Trading under the name The Village Store Farm Shop & Delicatessen, core over the counter business includes a range of farm produce, artisan breads, cakes, beers and wines together with fresh flowers. The business currently trades from Monday to Tuesday 9.00 am to 5.00 pm, Wednesday 9.00 am – 1.00 pm, Thursday & Friday 9.00 am – 5.00 pm, Saturday 9.00 am – 3.00 pm, Sunday 9.00 am to 1.00 pm. An overview of the business’s trading activities can be viewed online at www.manningsheathstore.co.uk. Trading accounts for 2016/17 show a turnover of approaching £180,000 with a gross profit of £60,000. We are of the opinion that there is scope to increase the revenue by increasing the trading hours. Subject to the Vendors’ permission, accounts can be made available to interested parties.
Location
Mannings Heath is an affluent West Sussex village situated 2 miles to the southeast of historic Horsham. The village has a thriving local community and being strategically placed between other larger towns and villages, the business enjoys all year round trade from day visitors and passing traffic.
Accommodation
Commercial Aspect
Ground Floor:
Retail Area - 636 sq ft
Lean to garage store - 215 sq ft
Store - 90 sq ft
Total Accommodation - 941 sq ft
Residential Aspect
Ground Floor
Living room - 21’10 x 10’9
Kitchen - 17’5 x 11’8
Utility room - 5’11 x 6’1
Conservatory - 9’9 x 19’7
First Floor
Master bedroom - 12’6 x 14’6
En-suite bathroom - 7’3 x 7’3
Walk-in wardrobe - 7’3 x 6’0
Bedroom 2 - 7’9 x 11’9
Bedroom 3 - 11’11 x 11’10
Bedroom 4 - 11’8 x 13’0
Family bathroom - 6’2 x 11’6
Terms
PRICE - £725,000 (offers in the region of)
VAT - We understand that VAT will not be payable on the purchase price with the exception of stock at valuation.
BUSINESS RATES & COUNCIL TAX (2017/2018):
Business Rates - The current Rateable Value advertised online by the Valuation Office Agency www.voa.gov.uk is £5,700. The Uniform Business Rate for 2017/2018 is XXX in the £ making the Rates Payable £2,656.20. Properties with a Rateable Value less than £12,000 are eligible for 100% Small Business Rate Relief.
Council Tax - We understand that the residential accommodation falls within Council Tax valuation Band B.