Property description
Freehold village shop/investment property with ground floor convenience store with three self-contained flats over. Retirement sale following 30 years trading. Monthly income from flats circa £1,360.
SITUATION
The property is located in the centre of the riverside village of Calstock on the Cornwall side of the border and is the only convenience store serving the village. The Parish of Calstock has a population in the region of 6,500 with the population having been on the increase since 2001 and the numbers are
further boosted by visitors during the summer months together with the various events that are held in this popular village at various times during the year. There is a regular bus service in addition to a railway station with a regular service connecting to the city of Plymouth. Calstock still boasts a free car park and this is roughly 150 yards from the shop and the river Tamar is a similar distance.
THE BUSINESS
Established by the present owner over 30 years ago and is currently run by part time staff with an absentee owner running and monitoring the business by CCTV. The average weekly takings are approaching £4,000 with around 23% GP. The shop is operating on a lock-up basis and whilst there are three self-contained flats over the shop, these are let on Assured Shorthold Tenancies although vacant possession of one or all could be obtained by the normal process. The shop has an off licence in addition to food, soft drinks, some hardware, stationary, pet food, vegetables, bread, cake, milk and
operating a cash point. The shop was partially refitted in 2012 with the main sales area being approximately 1,000 sq ft. All the shop fitments, freezers, drinks chillers, dairy cabinets, etc. will be included in the sale. There is scope for other lines and uses and there is also understood to be a well located below the property that provides up to 70,000 litres per day and this could offer further commercial opportunities.
TRADING HOURS
The shop is currently open Monday to Sunday 8am - 7pm.
BUSINESS RATES
Prefer refer to the Agents.
THE FLATS
The residential element of the property comprises Three Flats on three floors above part of the shop having separate side external access with internal staircase to the three levels. The flats comprise two, one bedroom and one, two bedroom, all being self-contained, currently let and producing £16,320 per annum.
COUNCIL TAX BAND
Each flat is rated Council Band A.
EE RATING
TBC
TENURE
Freehold
SERVICES
Mains water, electricity and drainage.
DIRECTIONS
From Drakewalls on the Callington to Gunnislake A390 road take the turning to Calstock leading down past Drakewalls primary school. Follow this road into Calstock where at the bottom of the hill in the village turn left into Fore Street where the property will be found immediately on the left hand side.
Property Features :
- Freehold village shop/investment property
- Ground floor convenience store with three self-contained flats over
- Retirement sale following 30 years trading
- Monthly income from flats circa £1,360
Property Info: