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06 March 2020 | Retail

Well-established North Wales convenience store offered for sale through Christie & Co

Specialist business property adviser, Christie & Co has brought to the market Penrhyn Bay Stores, a well-established convenience store in the affluent North Wales coastal town of Penrhyn Bay.

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Trading under a well-known symbol banner, the store is a hub for the local area offering a comprehensive range of groceries, confectionary, magazines, newspapers, alcohol, and tobacco. Both the store and Post Office counter are heavily relied upon by the local community, and the business also offers the National Lottery, Health Lottery, Phone Top-ups, and PayPoint.

In addition, the property comprises two, three-bedroom flats that are rented out, providing an initial investment income for potential purchasers. Alternatively, one or both flats could be converted into spacious owner’s accommodation for a hands-on owner-operator wishing to reside on the premises.
 

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Penrhyn Bay Stores has been owned by Roland Edwards and Beverley Williams for the past 13 years, and they are now reluctantly selling due to family commitments.

Gurnam Singh, Business Agent at Christie & Co, who is handling the sale comments, “Trading from an unopposed position in an affluent area, Penrhyn Bay Stores is an ideal opportunity for potential purchasers looking for a turnkey business along the North Wales coast. Available on either a freehold or leasehold basis, and with the option to include one or both of the flats, we anticipate that this flexibility will prove attractive to a wide range of buyers.”

Penrhyn Bay Stores is offered for sale on a freehold basis for both the store and flats with an asking price of £599,950, or £325,000 for the store only. Alternatively, it is available on a leasehold basis with an ingoing premium of £150,000 and a variable annual rent depending on whether the sale comprises the shop only or is to include one or both flats.
 

For further information on this press release, contact:

Fiona Fieldhouse, Head of Corporate Communications

P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
 

For further information on this listing, visit our website:

https://www.christie.com/properties/retail/a2j4g000009tmleua0/

Contact the agent:

Gurnam Singh, Business Agent

P: +44 161 833 69232

E: gurnam.singh@christie.com

 

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