Freehold Multi-Site Retail Discount Stores For Sale Nottinghamshire Area

Sovereign is delighted to bring to market two fantastic independent retail discount stores, located within proximity to each other in the Nottinghamshire area.

The seller is open to exploring the opportunity of selling the two stores separately. The stores are located in prime positions on busy parades of shops and offer a wide range of household items retailed at discount prices including greeting cards, accessories, toiletries, gifts, toys, paint, garden essentials and lots more.

All products are sold at realistic prices to the purchaser, yet very good margins are achieved by the retailer. Operated by competent staff members the retail spaces are tastefully laid out to emphasise the quality and range of gifts on offer.

The first subject property is a substantial three storey building with a total return of 3,686.10 square feet. The ground floor is currently used for retail and could easily be divided into small units with the first and second floors being converted into living accommodation (STPP). There is ample unrestricted customer parking to the rear of the premises. The first store is only available to purchase at an asking price of £825,000 on a freehold basis.

The second subject property is a three storey building, circa 1,065.63 square feet and is located on a busy parade of shops with ample customers parking to the front and side of the premises. Both properties have been subject to periodic upgrades over their lifetime. The second store is available to purchase at an asking price of £175,000 on a freehold basis, or £75,000 on a leasehold basis with a rental figure of £10,000 per annum.

This long established business would greatly benefit from taking its operation online where customer orders could be placed which would undoubtedly increase revenue and the overall profitability of the business. Additionally developing a strong social media presence would increase the business profile and allow customers to easily follow the business and keep up to date on the latest gifts to come into the shop.

The shop currently has accounts with all the main suppliers in the industry which will be available to the new owner pending credit checks as standard.

This business would make an ideal opportunity for an experienced retail entrepreneur looking to purchase two quality retail outlets.

It would also suit a property developer looking to expand their current portfolio in the Nottingham area.

A viewing is highly recommended to fully appreciate the quality of this going concern.

• Two Sites Located In Prime Locations
• Vast Scope to Increase Revenue Via Online Sales
• Development Site Suitable For Alternative Uses Subject To Planning
• Available to Purchase Stores Separately
• Freehold or Leasehold
• Genuine Retirement Sale