The store was recently recognised by Better Retailing as one of the 'IAA Top 100 Independent Retailers in the UK & Ireland 2018,' an award presented to local retailers who consistently deliver outstanding customer experiences.
Occupying a prominent position on the corner of Jack Lane and Malvern Avenue in the heart of a large residential area, the semi-detached property comprises a trading area of approximately 1,000 sq ft offering household products, confectionery, bakery goods, dairy, canned goods, tobacco and alcohol, as well as PayPoint and National Lottery services and an on-site cash machine. Currently trading 07:30-20:30 seven days a week, the business has come to be relied upon by the local community.
Located above the store, a modern and well presented three bedroom flat provides owner’s accommodation and benefits from a separate external entrance, as well as an entrance within the store.
Having been under the same ownership for more than 30 years, the current owner, Paresh Vyas is looking to sell the business in order to pursue retirement and comments, “We are thrilled to be acknowledged within the Top 100 award. Having been part of the community for over 35 years, it really is a tribute to the customers who have kept us going. I hope all of our regulars feel proud of this achievement because in the age of online deliveries, our shop still feels like an important epicentre of the neighbourhood.”
Ashley Cobban, Business Agent – Retail at Christie & Co is handling the sale and comments, “The sale of Vyas Convenience Store presents potential buyers with a great opportunity to acquire a well-established retail business located in a densely populated area. Additionally, there is significant scope to increase trade by extending the currently limited opening hours.”
The business is available on a freehold or leasehold basis. Christie & Co is seeking a leasehold asking price of £69,950 with an annual rent upon asking and offers in excess of £299,950 for the freehold interest.