Guide price
£300,000
(£234.21/sq. ft)
Retail premises for saleBeauchamp Avenue, Birmingham, West Midlands B20
1 bath
1,281 sq. ft
Leasehold
About this property
Excellent growth potential
Lottery
Weekly Sales in Excess of £18,000
12-Year Renewable Lease
Rent Only £1,450 pcm
Additional Vacant Unit with Takeaway Potential (STP)
Payzone
Licensed 6am–11pm, 365 Days a Year
Leasehold Convenience Store & Off-License Business For Sale
Beauchamp Avenue, Handsworth Wood, Birmingham, B20
Galaxy Real Estate is delighted to offer this well-established and highly profitable leasehold convenience store, occupying a prominent trading position within a busy neighbourhood parade in Handsworth Wood, Birmingham.
The business enjoys average weekly retail sales exceeding £18,000, increasing to approximately £20,000 during the summer months and regularly exceeding £25,000 during the Christmas and New Year period. These figures exclude income generated from ancillary services such as Payzone and the National Lottery, providing additional revenue streams for the owner.
The premises benefit from a 12-year renewable lease with a low rent of £1,450 per calendar month. Business rates are approximately £80 per month following the latest council revaluation.
A significant feature of the opportunity is the adjoining vacant commercial unit, currently utilised for storage. The unit offers excellent development potential and could be converted into a takeaway (subject to the necessary consents), with no existing takeaway within the parade. The adjoining unit is let at £1,500 per month, with £750 per month received from the flat above, reducing the effective rental cost to approximately £750 per month.
Additional income is generated from an InPost locker (£285 per quarter) together with Lottery commission of approximately £80-£90 per week. The premises also benefit from Payzone facilities.
The business currently trades:
Monday to Saturday: 7:00am - 11:00pm
Sunday: 9:00am - 10:00pm
The premises hold a valuable premises licence permitting trading from 6:00am to 11:00pm, 365 days per year, allowing scope to extend opening hours if desired.
This represents an outstanding opportunity for an owner-operator or experienced retailer to acquire a thriving convenience store with proven turnover, multiple income streams and future expansion potential in a well-established residential location.
Viewing is strictly by appointment through Galaxy Real Estate.
Beauchamp Avenue, Handsworth Wood, Birmingham, B20
Galaxy Real Estate is delighted to offer this well-established and highly profitable leasehold convenience store, occupying a prominent trading position within a busy neighbourhood parade in Handsworth Wood, Birmingham.
The business enjoys average weekly retail sales exceeding £18,000, increasing to approximately £20,000 during the summer months and regularly exceeding £25,000 during the Christmas and New Year period. These figures exclude income generated from ancillary services such as Payzone and the National Lottery, providing additional revenue streams for the owner.
The premises benefit from a 12-year renewable lease with a low rent of £1,450 per calendar month. Business rates are approximately £80 per month following the latest council revaluation.
A significant feature of the opportunity is the adjoining vacant commercial unit, currently utilised for storage. The unit offers excellent development potential and could be converted into a takeaway (subject to the necessary consents), with no existing takeaway within the parade. The adjoining unit is let at £1,500 per month, with £750 per month received from the flat above, reducing the effective rental cost to approximately £750 per month.
Additional income is generated from an InPost locker (£285 per quarter) together with Lottery commission of approximately £80-£90 per week. The premises also benefit from Payzone facilities.
The business currently trades:
Monday to Saturday: 7:00am - 11:00pm
Sunday: 9:00am - 10:00pm
The premises hold a valuable premises licence permitting trading from 6:00am to 11:00pm, 365 days per year, allowing scope to extend opening hours if desired.
This represents an outstanding opportunity for an owner-operator or experienced retailer to acquire a thriving convenience store with proven turnover, multiple income streams and future expansion potential in a well-established residential location.
Viewing is strictly by appointment through Galaxy Real Estate.
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