Welton Paper Shop, 5a Lincoln Road, Welton

£450,000
For Sale
1/10
£450,000
For Sale
William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director
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Property summary

Ground Floor Retail shop
First floor refurbished 3 bed flat
Established paper shop
Prominent Location
Popular Village
Good trading figures
Business , F&F, Goodwill plus SAV
Turnover to July 2021 was £384,000
Price £450,000, Freehold
flat producing £7500 pax
EPC Rating Commercial C:61 and D61 for the flat

Get in touch

William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director

More about the property

A rare opportunity to purchase this long established business. The property is a mid-terrace property constructed of brick beneath a tiled roof comprising a ground floor retail shop with kitchen, stock room and rear yard. The property has been used as a paper shop with magazines, cards, general confectionary and has been established for over 45 years. Excellent turnover of £384,000 to July 2021.

Location

Accommodation

DESCRIPTION
A rare opportunity to purchase this long established business and freehold shop and flat. The property is a mid-terrace property constructed of brick beneath a tiled roof comprising a ground floor retail shop with kitchen, stock room and rear yard. and first floor fully refurbished 3 bedroom flat. The property has been used as a paper shop with magazines, cards, general confectionary and has been established for over 45 years.
LOCATION
The property is located in a prominent position in the centre of the village. Welton (or Welton by Lincoln) is a village and civil parish in the West Lindsey district of Lincolnshire. The population of the civil parish at the 2011 census was 4,327 . It is geographically situated 6 miles (10 km) north from Lincoln city centre. The village is well served by the renowned school of William Farr. The village has a CO-OP , post office, pharmacy, dentist, Pub , Fish & Chip shop, Chinese takeaway, Butcher and Welton Golf Club.
ACCOMMODATION
The accommodation more particularly comprises:
Ground Floor Shop with display windows, air conditioning, temperature control and suspended ceilings and measures 93.2 sqm (1003 sqft) GIA overall including stock room, kitchen and WC
First floor flat providing a high quality full refurbished flat with separate access to the side and comprising breakfast kitchen 3 bedrooms and shower room and lounge. The flat is 77 sqm (828.82 sqft).
Outside store 16.5 sqm (178 sqft)
SERVICES
All mains services are connected to the property however no services have been tested.
TENURE
The property is freehold. The flat is let and produces £625 pcm = £7500 pax
RATEABLE VALUE
The property had a rateable value of £9,000 however it has now been taken out of the rating list and therefore no rates are payable
ENERGY PERFORMANCE CERTIFICATE
The property has an CEPC of C:61 and D61 for the flat
LEGAL FEES
Each party to pay their own legal costs
VAT
The price expressed is exclusive of VAT if appropriate
LOCAL AUTHORITY
West Lindsey District Council
Guildhall Marshall’s Yard
Gainsborough
DN21 2NA
Tel: 01427 676676
BUSINESS DETAILS AND ACCOUNTS
The business has been established for over 45 years. The business is trading well and accounts can be made available to seriously interested parties. The price includes the business, F&F plus stock at valuation. The Turnover to July 2021 was £384,000.
PLANNING
The property has planning for A1 retail
OPENING TIMES
The current opening times:
Monday to Sunday
6.30 AM TO 5.30 PM
VIEWING
Contact Pygott & Crone Commercial
21 The Forum
North Hykeham
Lincoln
LN6 8HW
TEL 01522 536777
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