For Sale 6 Bedrooms 3 Bathrooms 2 Receptions £750,000

Gold Street, Desborough, NN14 - £750,000

Desborough is a town in Northamptonshire, England, located in the Ise Valley between Market Harborough and Kettering. The town was an industrial centre for weaving and shoe-making in the 19th century, and has a long association with the Co-operative movement. The business is excellently located on the prominent main road position of Gold Street in Desborough. Whilst the business is located in a tourist led destination, the area benefits from all year round variety of amenities, ranging from hotels and campsites to schools and businesses complementing the Onestop store which trades unopposed in the village. The business takes advantage from no supermarket being open in the local vicinity. There will be 300 new flats being built within walking distance to the business. The business is located 20 miles south east of Leicester and 17 miles south of Northampton.


This ultra-modern looking property benefits from having undergone a very recent superb refurbishment which is finished to the highest standard throughout and gives a warm welcoming ambiance to customers. Prominent branding and signage gives instant recognition to commuting customers. There is on street parking for several cars as well as parking spaces to the rear of the property for staff and accommodation. To the rear and side of the property there is also a plot of further land and buildings which can be discussed by contacting us today.

Accounts

Weekly Takings - £16,700
Weekly Lottery - £2,500
Weekly Paypoint - £3,500
1 Bedroom Flat - £500 per calendar month
Studio Flat - £400 per calendar month
3 Bedroom Dormer Bungalow - £740 per calendar month

Fixtures & Fittings

We are advised by our client that all trade fixtures and fittings are wholly owned and will be included within the sale of the business.

Letting Accommodation

Comprising of two individual - two bedroom apartments currently rented out privately at £19,860 per annum on local Assured Short hold Tenancies. There is future scope for the accommodation to be developed further with usages including Air BnB.

Opportunity

The store has traded in its current location for more than 100 years and under the same ownership for the last 11 years. Business is derived from traditional convenience sales including tobacco, alcohol, news and magazines, fresh, chilled and frozen foods, ambient grocery products, bread and bakery, confectionery, snacks, soft and hot drinks, ATM, Lottery and PayPoint Agent. This is an outstanding opportunity to acquire a highly profitable, established convenience store which trades unopposed. We believe the business will appeal to both experienced operators and first time buyers looking for a lifestyle change. Our client is reluctantly selling the business to retire.

Trading Information

The 2018 profit & loss accounts show a turnover of £1,200,260. This is to include a rental income of £19,860. Accounts can be made available to interested parties on request.

Trading Hours

Trades seven days a week from Monday to Saturday 6am - 9pm and Sunday from 7am - 9pm.

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Fees apply Included in your Tenancy Fee & Charges

  • Referencing for each tenant included
  • Tenancy Renewal Included
  • Check out Included
  • Deposit will be required

Administration Fee & Referencing

£150 + VAT per person and £50 + VAT for each additional tenant or guarantor

New Tenant during the Tenancy

£150 + VAT administration fee for a change of Tenant. Any additional tenants during the tenancy £50 + VAT for each additional tenant

Security Deposit

The sum equivalent to 1.5 calendar month`s rent. The tenancy deposit acts as security for your performance of your obligations as a Tenant under the terms of Tenancy Agreement. This deposit will be returned to you at the end of the Tenancy term without interest and subject to any deductions that may be necessary to compensate the landlord for any breach of the Tenancy Agreement.

Once received the property will be withdrawn from the market and all outstanding viewings will be cancelled.

Deposits, Fees and Initial rental payment

Prior to a tenancy commencing and once satisfactory references are received, BM Estates will provide you with a statement showing the initial monies due. This will include the first rental payment, normally one month in advance depending upon the terms agreed. The tenancy agreement fee and the deposit, usually the equivalent of one calendar month`s rent, are collected at the same time;

Please note this may change depending on the landlords circumstances or if pets are added to the tenancy.