SITUATION The property is located in the pretty village of Wilmcote and serves many of the villages nearby. Wilmcote is only 3 miles north of Stratford upon Avon, 22 miles south east of Birmingham and 8 miles south west of Warwick. The village is easily accessible from the A46 and has its own railway station. The property is also opposite Mary Arden’s Farm which is a major Tourist attraction, having around 70,000 visitors a year. The village has two pubs and a primary school.
DESCRIPTION The property comprises a single storey brick building with mainly pitched tiled roofs and timber canopy to the front. There is parking for five cars in front of the property, together with a side access to a covered store leading to a garage/store at the rear. There is a useful canopy at the front of the shop that could be extended to create a small café area.
Shop 730 sq.ft (67.8 sq.m)
Utility Area 96 sq.ft (8.89 sq.m)
Small Store 15 sq.ft (1.41 sq.m)
Covered lean to area 167 sq.ft (15.4 sq.m)
Garage/store 256 sq.ft (23.78 sq.m)
There is residential accommodation to the rear comprising a fully fitted breakfast kitchen with small utility, shower room, large living room, dining room/study, family bathroom and three double bedrooms. There is an attractive side garden.
THE BUSINESS The business was originally founded in 1965 and was acquired by our clients 4 years ago who are now relocating to Gloucestershire. Our clients have carried out electrical works to include new lighting in the shop. New chillers have been acquired and a gas central heating boiler installed. Annual sales are in the order of £370,000 exclusive of VAT.
Further financial information will be available on request.
Opening hours are Monday to Friday 07:00 – 19:00, Saturday 08:15 to 19:30 and Sunday 08:30 to 15:00.
There are a number of possible options to increase the turnover.
1. The creation of a small café area.
2. Enlarging the shop.
3. Opening hours could be extended.
PRICE £630,000 for the freehold interest to include the valuable business and residential accommodation.
LEGAL COSTS The purchaser is to be responsible for the vendors reasonable costs incurred in the transaction.
RATEABLE VALUE £6,200 for the commercial premises - rural rate relief may be available.
Band C for the residential part.
VIEWING Strictly by appiontment with the letting Agents.