• The Wye, Daventry, NN11

The Wye, Daventry, NN11

Commercial
Available OIRO £265,000
Find out more:0333 121 4950
  • Description
  • Floor Plan
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Property Description

Back on the market with immediate vacant possession as last sale fell
through due to buyers health problems 2 days before completion.

Business currently not been trading for approximately 4 weeks because it was due to be handed over to new owners before illness derailed process.

This closure however will not affect the business profitability in any way, shape or form and make handover simpler.

This freehold established business sold within one week of last listing and has now been substantially reduced to reflect 4 weeks closure and to enable a quick sale. Solicitors have all paperwork ready for speedy completion and instant trading.

Amazing opportunity to purchase a well established freehold convenience store in Daventry Northamptonshire. Business's like this do not come onto the market often. Will be of particular interest to cash buyers/investors.

Freehold 24 hour Alcohol license Premier Express Store with full planning permission to extend store and build apartments above store.

All fixtures and fittings included in sale.Some stock also included in sale.

Fully refurbished to Booker Premier Standards 2 years ago and has been featured in all trade publications being a flagship store of Booker Plc wholesalers.

Full 24 hour off license 365 days
(Current hours are 7am until 10pm)
Full lottery 
Full Paypoint 
ATM 
News/Magazines 
Groceries/Frozen/chilled/fruit & veg etc 
Turnover Increasing year on year. 
Trading since 2011 
Very low overheads -no business rates 
Profit margin on all goods except tobacco not below 20% 
Tobacco 40% / Groceries 60%
Weekly turnover average £13,000
All stock delivered to store. 
Low maintenance. 
Monthly supermarket beating/equal offers. 
Brand new A rated remote chillers. 
Brand new freezers. 
Brand new LED lit facia on all sides of store. 
Brand new shop front. 
Full 24 camera remote CCTV. 
Highest level ADT security system.
Experienced Staff available.

New 750 capacity college now open and 160 new houses being build right behind store due to complete this year. Plus another development on old care home maybe used for housing in near future.Situated in 70's housing estate with circa 2k homes in half mile radius. 

Potential to expand into fast food / takeaway and use the full 24 hour license which is currently not being used. 
Only store in the town with a 24 Hour license. 
Local community based store with 99% repeat loyal custom due to involvement in community.
Over 1k followers on Facebook. 
Only Premier store in whole of the town. 
Current contract with Booker Premier expires this year so free to change symbol group or extend contract.

Full planning permission to extend store to include more selling space, store room, kitchen area and flats above shop. Rental of £500 pcm per flat or use as live in accommodation.

Planning Application Details

Reference Number:DA/2014/0124 
Registration Date:07-Feb-2014 
Application Type:FULL PLANNING 
Parish:Drayton 
Ward:DRAYTON 

Case Officer:M Baynham 
Proposal:Single storey extension to shop and first floor extension to form residential flat. Raising height of boundary wall. 
Decision:Approval Full 
Decision Date:14-Mar-2014 

http://selfservice.daventrydc.gov.uk/swiftlg/apas/run/WPHAPPDETAIL.DisplayUrl?theApnID=DA/2014/0124&backURL=%3Ca%20href=wphappcriteria.display?paSearchKey=749331%3ESearch%20Criteria%3C/a%3E%20%3E%20%3Ca%20href='wphappsearchres.displayResultsURL?ResultID=998610%26StartIndex=1%26SortOrder=APNID:desc%26DispResultsAs=WPHAPPSEARCHRES%26BackURL=%3Ca%20href=wphappcriteria.display?paSearchKey=749331%3ESearch%20Criteria%3C/a%3E'%3ESearch%20Results%3C/a%3E

College now fully built and fully operational with 750 students and new homes are now being built on old site.

http://m.daventryexpress.co.uk/news/local/building-work-starts-for-new-13-million-college-in-daventry-1-7047265 

http://m.northamptonchron.co.uk/news/local/daventry-college-homes-plan-approved-by-council-1-6829341


• Personal health reasons for sale nothing to do with business profitability, very reluctant sale. 
• Full accounts available 
• Full Freehold substantial site