Chartered Surveyors and Business Property Specialists
Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

For Sale
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Crossways General Stores, St Newlyn East, Newquay

Convenience Store for sale

£575,000 Guide price

Freehold

A wonderful opportunity to acquire a Highly Profitable general stores in a picturesque village close to the North Cornish Coast. The business achieved a turnover in excess of £700,000 for the most recent financial year and offers scope for further growth through Home Deliveries to the outlying area and expanding the opening hours. In addition to the well presented retail area the property offers very spacious 4 Bedroomed owners accommodation.

  • FREEHOLD CONVENIENCE STORE
  • TURNOVER IN EXCESS OF £700,000
  • WELL PRESENTED RETAIL AREA
  • SUPERB 4 BEDROOM OWNERS ACCOMMODATION
  • GENUINE RETIREMENT SALE
  • EPC E104

Property Brochure PDF Location Map

Location

St Newlyn East is a parish and village located about five miles south of Newquay. Usually abbreviated to Newlyn East, the village is named after the patron saint of the church, St Newlina, who is thought to have been martyred by her father. The church lies in the centre of the village and has its origins in Norman times, although it was rededicated in 1259 and most of the present buildings date from the fourteenth and fifteenth centuries.

The village, which boasts a number of amenities including a Butchers, Public House, Hairdressers and a highly regarded Primary School has a vibrant resident population with the majority of the properties being permanent residences, indeed in recent years there have been a number of exclusive developments completed within the parish. The village is extremely well located and affords easy access to the glorious beaches on the North Cornish Coast and is just moments from the A30 which is the main arterial route through the County.

The Business

Our clients operate this Londis branded general store as a Husband and Wife team with the assistance of 6 part time members of staff. They offer the usual array of services one would expect for an outlet of this nature including, a wide selection of Groceries, Off Licence, Lottery Point, PayPoint, Tobacco, Frozen Goods, Confectionary, Stationary and Newspapers and Magazines. In addition our clients also act as a drop off point for the local Pharmacy
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The current opening hours are Monday – Friday 8am – 7.30pm, Saturday 8am – 8pm, Sunday 9am – 6pm.

Accounts

The business has enjoyed consistent growth during our clients tenure with the Accounts for the year ending 30th April 2020 showing a turnover of £717,256 which produced a Gross Profit of £173,310 (24.16%)

Full accounts will only be made available to interested parties subject to a viewing appointment.

The Shop

The retail area which extends to circa 770 sqft is extremely well laid out and comprises in brief; tiled flooring, fixed and freestanding display shelving, air conditioning, comprehensive cctv system, open dairy deck, 3 single doored chillers, 1 double doored chiller, 1 double doored freezer, 1 walls ice cream 3 tier display freezer, 1 catering oven, 1 display warmer, Bean to cup Coffee machine, 2 milk pergal dispensers and a Counter Point with a 2 lane epos till system, chip and pin machines and Tobacco Gantry.

To the rear of the shop is the Stock room with additional fridges and freezers and a further catering oven. Beyond this room is the office with Computer etc and the staff toilet.

To the front of the shop is a sizeable area of Forecourt owned by our clients that is utilised for Coal/Kindling/Wood Bunkers and display signage.

Owners Accommodation

The private accommodation is a real feature of the property and has been comprehensively upgraded and extended by our clients in recent years with a room of note being the superb Lounge which overlooks the garden, and boasts exposed A- Frame beams, wood flooring and a large wood burning stove in a brick surround fireplace. The remainder of the property does not disappoint and comprises a fully fitted kitchen, Dining Room with a further wood burner. On the first floor there are 4 Bedrooms and the family Bathroom. The premises also haves private, low maintenance gardens with decking a feature pond and storage shed with off road parking for two vehicles to the side elevation.

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is within Band E104.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence

We understand the business currently holds a premises licence in respect the sale of liquor for consumption off the premises.

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact either:-

Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF