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Business for sale in United Kingdom - Cr135-retail freehold with 3 bed accommodation and development potential

Asking Price: 650,000 £ Real Estate: Ownership
Sales Revenue: 1 £
Net Profit: 1 £
Year Established: 2000
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of Southampton/Southampton

Business types:

Real estate

Business categories:

Other Real Estate Businesses ; Property Management

Business description

a substantial freehold investment property is available in one of the busy suburbs of the city of southampton with accommodation above and significant development potential has become available. The property has a depth of approximately 151ft with a prominent glass frontage of approx. 20ft 6” increasing to a width of approx. 72ft. On the ground floor is a retail area with gallery / showroom area with kitchen diner to the rear and a w/c. On the first floor is a double bedroom, 2 single bedrooms, living room and bathroom. Above is a 40ft loft. To the rear is a garden with a workshop and approximately 90ft brick built building with double glazing, in 3 units of approx. 21ft x 40ft x 29ft used as showroom / storerooms, with another brick built double glazed building of 26ft x 30ft approx and used as additional showroom. There is also access and parking for a number of vehicles. It is the large rear area of the garden that provides the development potential as this planning could almost certainly be obtained to build a number of flats here, possibly linking into the main building and providing additional flats above the retail area. All could then be sold or rented at the discretion of the owner, providing either extremely good profits or on-going rental income for the owner. The current owners are in their 70.s and wish to retire. The retail area has been run for almost 40 years by the owner as a successful second-hand and antiques business and substantial stock is available should any new owner wish to continue in this lucrative trade, however the owner is prepared to sell the freehold only if a new owner does not wish to continue the existing business.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: N/A
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 650 £
Location: Not Disclosed

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