Summary - 24, BRISBANE COURT, BULLPIT ROAD NG24 3PS
1 bed 1 bath Commercial Property
Turnkey, community-focused convenience shop in a busy local parade.
Established grocery business with loyal local customer base
Reported turnover c. £140k (historical figures exceed £150k)
Compact retail unit of about 362 sq ft with large display frontage
LED lighting and Fujitsu air conditioning already installed
Current rent £5,500 pa; service charge £208.92 pa; insurance £571
Tenants currently holding over; lease expired—new lease negotiable
Conflicting tenure info (leasehold vs freehold) — clarify in due diligence
Sale price £30,000; accounts available subject to NDA
A rare retirement sale offering a long-established grocery business trading from a compact retail unit in Brisbane Court, Balderton. The business is well-regarded locally for quality produce, friendly service and steady turnover reported at approximately £140,000 per annum (historical accounts indicate in excess of £150,000 in some years). The asking price of £30,000 reflects a business-for-sale opportunity rather than a large property investment.
The unit is practical and well-equipped for continued retail use: large glazed frontage for displays, LED lighting and Fujitsu air conditioning, a small kitchen, separate WC and communal rear yard with two storage sheds. Total internal area is about 362 sq ft, suitable for a single-shop operator or convenience retail format. Current operational costs are modest: rent shown at £5,500 pa, service charge c.£208.92 pa and insurance rent currently recorded at £571.
Important points to note: the tenancy is currently holding over on an expired lease (original lease commenced June 2021) and the landlord has indicated a willingness to negotiate a new lease at market rent. Profit and loss accounts are available from 2009 to date subject to a non-disclosure agreement. Also note conflicting tenure information in the paperwork (references to leasehold assignment/new lease and a stated freehold tenure) — this will require clarification during due diligence.
This listing suits a buyer seeking an immediately trading, community-focused convenience business with low running costs and room to sustain or grow sales. It is less suitable for buyers needing large footprint retail space or those expecting vacant-possession property assets without lease complexities.
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