Premium Budgens Convenience Store & Off-Licence – Excellent Owner-Operator Opportunity
Galaxy Real Estate offers this exceptional opportunity to acquire a fully operational, modern Budgens convenience store and off-licence located within a contemporary residential development in the heart of South East London.
Established approximately two years ago, this highly attractive business benefits from an excellent standard of fit-out and a loyal local customer base generated by approximately 67 occupied apartments within the development, together with surrounding residential properties.
The business enjoys strong and consistent weekly retail sales in excess of £26,000, complemented by additional revenue streams, including National Lottery, PayPoint, parcel services and ATM facilities.
The premises have been fitted to an impressive standard with significant investment in refrigeration, modern shelving, EPOS systems, CCTV, security systems and customer facilities, allowing an incoming purchaser to continue trading immediately with minimal additional capital expenditure.
A particular feature of this opportunity is the substantial first-floor accommodation, which benefits from both internal lift access and its own independent entrance. The space is currently utilised as a community workspace; however, it offers considerable future potential for alternative commercial uses, subject to any necessary consents. Potential uses may include a café, coffee shop, beauty salon, office accommodation, treatment rooms, a wellness studio or a separate commercial letting. We understand that the first-floor space may achieve a rental income in the region of £15,000 - £18,000 per annum, providing an attractive additional income stream.
This is an ideal opportunity for an experienced convenience store operator, family business or ambitious entrepreneur seeking a high-quality retail business with established trade and significant scope for future growth. There remains potential to further increase turnover through owner management, expansion of product ranges, enhanced fresh food and convenience offerings, premium alcohol selection and additional customer services.
The business is offered by way of a lease assignment with the benefit of security of tenure under the Landlord and Tenant Act 1954.
A rare opportunity to acquire a modern, well-established convenience store with multiple income streams and substantial future potential in a growing London location.
Viewings strictly by appointment through Galaxy Real Estate.
Location
Occupying a prominent position within a modern mixed-use residential development in South East London, this property benefits from a strong and established local customer base. The store is supported by approximately 67 occupied apartments within the development, together with a large surrounding residential catchment, ensuring consistent daily footfall and repeat trade.
The location enjoys excellent road connections and convenient access to nearby public transport, making it easily accessible for both local residents and passing customers. The area continues to benefit from ongoing residential growth and regeneration, creating further opportunities to increase turnover and expand the business in the years ahead.
This is a well-positioned neighbourhood convenience store in a thriving community, ideally suited to an owner-operator or multiple-store retailer seeking a secure, long-term trading location.