About this property
The property is located centrally within the heart of Welton Village, surrounded by nearby local businesses including a Public House, Tea Room, Hairdressing Salon and Cooperative Supermarket. Welton Village is located approximately six miles North East of Lincoln and is widely regarded as one of Lincolnshire’s most popular Villages, given its proximity to the City Centre and excellent range of local facilities. Welton has a population of circa. 4,327 residents.
Lease & Business For Sale (Plus Stock at Valuation) – We are pleased to offer for sale this very popular Business, trading as Welton Paper Shop, which is a long-established business within one of Lincoln’s most popular Villages, selling newspapers, magazines, tobacco cards and gifts. The premises are available to let on a Leasehold basis for a term of years to be agreed at an asking rent of £12,000 per annum. There is also the potential to apply for an Off-Licence and extend opening hours, in order to further increase turnover and profitability. Consideration would be given to a freehold sale, further details available on request.
This ground floor property comprises a large open-plan Retail Space which, in total, extends to 60 sq.m (650 sq.ft), being well-presented and fully equipped with racking and display space, having a glazed door and three glazed display windows fronting onto Lincoln Road. The accommodation further benefits from air-conditioning.
In addition to the main retail space, there is a Kitchen/Staff Room with Stores and a WC Compartment. To the rear is a large enclosed secure courtyard area, with additional outbuilding.
The property benefits from being located within a busy thoroughfare, with parking spaces immediately to the front of the premises.
Welton Paper Shop is a long-established and successful business, specialising in the sales of newspapers, magazines, cards, tobacco, gifts and soft drinks. The business has the benefit of an excellent turnover and profit margin, which are available to seriously interested parties.
Mains electricity, water and drainage are connected. Air-conditioning units are installed within the retail space to provide heating and cooling.
EPC Rating – C.
The ground floor premises are available on a Leasehold basis for a term of years to be agreed at an asking rent of £12,000 per annum, which includes a courtyard area to the rear and outbuilding, used in association with the business.
The first floor living accommodation is not included, but is potentially available by separate negotiation, if required. Further details on request.
The Rateable Value is – £9,000.
In the event that a full rating liability is required, the current rates payable would be approximately £4,536 per annum (Rate to the pound for 2019/20 is 50.4 pence).
Prospective occupiers are likely to qualify for Small Business Rates Relief which, under the current framework, would give up to 100% exemption of rates liability, but interested parties should make their own enquiries.
We have been advised by the Owner that VAT is not applicable.
The ingoing Tenant will be required to pay £100 (inc VAT) referencing fee and will be responsible for the legal costs associated with preparing the Lease.
Visitor parking is available.
By prior appointment through Mundys Commercial.