Commercial Retail

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Kittle Village Stores & Post Office, Kittle, Swansea SA3 3JG

For Sale £ 549,000 For Sale
Kittle  SA3 3JG Retail Commercial Commercial Department » Print this page

Situation

The property and business is situated in the Gower village of Kittle located in a prominent trading position alongside the busy B4336. The village itself is situated a short distance from the larger Village of Bishopston which has its own Primary and Secondary schools. Kittle itself has a number of small shops and a popular Public House situated directly opposite the subject property. The public house is currently undergoing a major programme of refurbishment and building works that is certain to significantly increase the potential for passing trade.

In general, the property comprises a Convenience Store which houses the local Post Office whilst to the rear and first floor is a 4 bedroom maisonette/ house.

Accommodation

Convenience Store and Post Office

Retail                                                                                                103.59 sq m    (1,150 sq ft)
Rear Stores                                                                                        13.85 sq m     (149 sq ft)

The retail aspect comprises an open plan sales area shop fit in racking with some freestanding units and fridge’s. There is a service counter behind which is a tobacco gantry with an electronic pay point. A further Sub-Post Office counter area is situated opposite the main store counter. The stores provide a dry storage area off which is a WC facility.

Residential Accommodation

The residential aspect is self-contained from the commercial aspect and is accessed via a private driveway to the rear which provides access to a courtyard with vehicle parking. The accommodation comprises a kitchen/ breakfast room, utility room and WC whilst the first floor comprises 4 bedrooms, 1 with an en-suite and family bathroom.

Business

The Business has become an important focal point of the community in the course of many years by providing a useful range of sub-Post Office services for local residents, which naturally generates considerable extra trade for a highly complementary retail operation of an extensive selection of general and frozen convenience grocery items.

The current retail turnover is in excess of £220,000 per annum however has in recent years been significantly higher at £320,000 per annum (downturn attributed to owner health issues and consequential curtailment of open hours). We believe there is significant scope for an increase in this current trading potential under new ownership. There is a separate Post Office Salary of £15,000 per annum whilst the News Sheet provides £750 per week.

Accounts are available on request for seriously interested parties.

The Business currently operates Monday to Saturday 7.00 am to 7.00 pm and Sunday 8.30 am to 5.00 pm.

Terms

The property and business is available by way of the following options:

Acquisition of the Freehold Interest to include the whole property, buildings, land and business available at an asking figure of £549,000 (Five Hundred and Forty Nine Thousand pounds).

 Acquisition of the Business at a premium of £150,000 (One Hundred and Fifty Thousand pounds) and occupation of the whole property, buildings and land under a new lease (terms to be agreed) at a quoting rent of £22,000 per annum including the right to sub-let the residential aspect (if required). A lease on the commercial aspect may also be considered at a quoting rent of £12,500 per annum.

Rateable Value     

We have made on-line enquiries and understand the property has a Rateable Value of £7,200 (2010). The property currently benefits from 100% rural Business Rates relief.

Viewing

Viewing is by appointment only. Please contact the Sole Selling Agents Dawsons Commercial:

Matthew Mason
01792 478 908
mmason@dawsonsproperty.co.uk

Andrew Cox
01792 478 907
andrew.cox@dawsonsproperty.co.uk