Location: Discover a lucrative venture in the heart of Lemington Spa, where this well-established off licence offers a blend of convenience and potential for savvy investors. Situated in a prime location enjoys a steady flow of foot traffic and is close to various amenities.
Business Potential: This business has a lot to offer, with the added benefit of being available on Uber Eats, ensuring that customers can access their favorite beverages and essentials with ease. With a solid weekly turnover of £5,000, it's clear that this Off Licence is a favorite among residents.
Leasehold Tenure: Boasting a secure leasehold tenure, this property offers investors peace of mind and the potential for long-term returns. The current lease period spans 15 years with an option for renewal, providing stability and assurance for the discerning buyer.
Accommodation: Above the commercial space lies a spacious living area comprising five bedrooms. The first floor hosts a master bedroom and two further double bedrooms, while the second floor features two single bedrooms. This configuration offers versatile living arrangements or the potential for additional rental income.
Rent Review and Affordability: With a rent review scheduled every five years, the next due in 2028, the investment is well-protected against market fluctuations. The current annual rent of £20,400 is balanced against the robust weekly turnover, ensuring a financially viable venture.
Asking Price and Inclusions: With an asking price of £90,000 plus stock, this opportunity is competitively priced, offering a strong foundation for potential return on investment.
Opening Hours and Convenience: The business operates from 8am to 11pm, Monday to Saturday, and 9am to 11pm on Sundays. These extended hours ensure maximum accessibility for customers, further enhancing the store's profitability.
Nearby Amenities: The property benefits from proximity to various essential amenities, including other shops and services in the area. This location offers convenience and accessibility for both residents and customers alike.
Don't miss out on this enticing opportunity to invest in a thriving off licence with strong growth potential. Contact us today for more information and to arrange a viewing.