Mevagissey Village Convenience Store comes to the market

mevagissey news 450Miller Commercial are pleased to offer Mevagissey News, the unopposed Convenience Store for the village to the market. The business has been in our client’s tenure for the past circa 25 years and is now being sold due to retirement. The store trades 7 days a week with extended opening hours in the peak season and is principally run by our clients, with some part time assistance. The business has the benefit of Paypoint, National Lottery, Off Licence and is a well-equipped store with circa 650 sqft of retail space, with storage areas to the rear.

The business can demonstrate consistent sales approaching £900,000 and produces an adjusted net profit (after all normal overheads and market rent) of circa £63,000 per annum.

The business is to be made available with the provision of a new secure Lease for an initial period of 12 years, with an initial passing rental of £20,000 per annum and a 4 year rent review.

Offers are invited for the leasehold interest of a guide price of £135,000 plus stock at valuation. Further detail contact Business Transfer on 01872 247036. View Property.

New properties

Freehold Offices with Residential Investment of Part

This property which is occupied by the owner in part, as his business offices, has the added advantage of being a part investment which draws income from a ground floor 1 bedroomed apartment at near £500 pcm and further SAT on the first floor producing a similar figure.The flexibility of the space means that the offices could be converted to residential use or conversely the first floor residential returned back to office use to be occupied by the purchaser or Let producing a 100% mixed investment. There are many options and for a business looking to own their own building with future proofing for expansion.

This is the perfect property being strategically located, highly visible with good car parking.

A viewing is highly recommended.

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