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Queen Street, Withernsea, East Yorkshire, HU19 2JR, Withernsea, HU19 2JR

1,807 Sq Ft / Retail / General Retail

For Sale - £54,950.00

Available - Last updated: 10 September 2019

LOCATION:

The business is located on Queen Street, in Withernsea in highly densely populated residential area & also close by are local schools, places of worship, Withernsea Police Station, Withernsea Community Hospital and with walking distance to the seafront Promenade.

DESCRPITION:

A very busy licensed convenience store occupying a prime trading position on the main street through this much sought after East Yorkshire coastal town Centre. The business enjoys a solid year-round turnover and does so due to the location and takes even more during the summer months. Run in exceptionally easy hours for the trade by our client with the assistance of part time staff and achieves an enviable turnover whilst maintaining good profit margins

USES:

A1/A2

TENURE:

£210,000 Freehold

PREMIUM:

£54,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill

RENTAL:

£15,600 per annum

TERMS:

The property is available to let on a new 15 years lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews

BUSINESS RATES:

Nil. However, all interested parties are encouraged to make their own enquiries with local authority

SIZE:

Shop Unit 914 sq ft & Upper Flat 893 sq ft

OPENING HOURS:

Monday - Saturday 6:30 a.m till 7:30 p.m & Sunday 7:30 till 6:00 p.m

STAFF:

Owner managed with 1 staff

UPPER PARTS:

3 Bedroom upper parts

TURNOVER:

We are advised that the yearly turnover is approximately £494,000 per annum

ACCOUNTS:

Available on request

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Withernsea Town Council

ENERGY PERFORMANCE CERTIFICATE:

Shop Unit Energy Performance Asset Rating is 71: C Rating. A copy of this property’s energy performance certificate is available on request. Flat Performance Asset Rating is 60: D Rating. A copy of this property’s energy performance certificate is available on request.

REFERENCE CHARGE:

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Through London Properties by appointment only

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Lease for Sale For Sale Leasehold £54,950.00 NA

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London Properties

London Properties

020 3151 7463



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