Bullpit Lane, Balderton, Newark

Commercial Property for sale in Newark

RETIREMENT SALE - GROCERY BUSINESS FOR SALE
A long established grocery business profitably trading in Balderton and renowned for quality vegetables, friendly and helpful staff, excellent service and great value for money. Sales turnover has exceeded ?150,000 per annum producing a healthy net profit.

The Brisbane court precinct is fully let with units occupied by Bangkok Express , the Salvation Army, Wonda Florist, Balderton dry cleaners, EMJAY Tours, Any Occasion, Beths.beauty and J Cottier Butchers.

The tenants are currently holding over under an expired lease rent ?5,500 per annum. The landlords have indicated a willingness to grant a new lease on terms to be negotiated.

A long established grocery business profitably trading in Balderton and renowned for quality vegetables, friendly and helpful staff, excellent service and great value for money. Sales turnover has exceeded ?150,000 per annum producing a healthy net profit.

The Brisbane Court precinct is fully let with units occupied by Bangkok Express , the Salvation Army, Wonda Florist, Balderton dry cleaners, EMJAY Tours, Any Occasion, Beths.beauty and J Cottier Butchers.

The tenants are currently holding over under an expired lease rent ?5,500 per annum. The landlords have indicated a willingness to grant a new lease on terms to be negotiated.

Sales Shop Frontage - 16'10 x 16'6 - LED lighting, Fujitsu air conditioning, front entrance door.

Rear Entrance Lobby - Separate WC with wash hand basin.

Kitchen - 2.69m x 2.90m (8'10 x 9'6 ) - Stainless steel sink unit, work surface and fluorescent lighting.

Outside - Communal rear yard with two storage sheds, bin store area and secure gate.

Existing Lease Terms - Lease commencement date 21st June 2021 term 1 year (current tenants holding over) rent ?5,500 per annum plus insurance rent paid quarterly in advance (?1,375 per quarter)
Service charge year ending June 2025 ?208.92
Insurance rent year ending November 2024 ?571

Viewing - Strictly by appointment with the selling agents.

Profit And Loss Accounts - Are available from 2009 to date, subject to None Disclosure Agreement (NDA)

Note - The tenants are entitled to six months notice ending the lease and the landlords, Brisbane Estates Limited have indicated a willingness to negotiate terms for a new lease at market rental value.

Property Ref: 34073330