- Established grocery business
- Turnover approximately �140,000 per annum
- Leasehold assignment or new lease available
- Current rent �5,500 per annum
Commercial Property for sale in Newark
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 Enterance 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: 59503_34073330
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Richard Watkinson & Partners (Newark - Sales)
35 Kirkgate, Newark - Sales, Nottinghamshire, NG24 1AD
01636 611811
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