This property has been taken off the market.

4 Bed Semi-Detached House For Sale High Street, Lincoln, LN5

£475,000- Semi-Detached

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Last Updated: 15th March 2024

Description

Location

Greens Stores is well located in the affluent village of Bassingham. Bassingham is surrounded by a number of other villages such as: Norton Disney, Stapleford, Thurlby, Carlton-le-moorland, Aubourn, Haddington and Witham St Hughs. The store is situated approximately 10 miles from Lincoln city centre and provides excellent transport links via the A46 and A15. The closest rail service to the property is located in the nearby village of Swinderby that runs services nationwide. The store is well located in Bassingham, situating a large corner plot and being the central hub of the surrounding villages. Bassingham offers a primary school, which is located approximately 0.2 miles from the store, along with two Public Houses and a village hall, which is well used by local residents. Meanwhile, the closest secondary school is Sir William Robertson Academy which has been classed as ?good? on the Ofsted latest inspection report.

Internal Details

Internally, the retail trading area extends to approximately 850 sq ft. The trading area is divided into three sections. The first section includes the post office counter, payment kiosk and a central island gondola unit displaying a variety of goods and alcoholic spirits. Meanwhile, the second section includes further gondola units displaying a variety of household goods, locally sourced food, and pet essentials. The third section includes a well stocked greetings card area and giftware shelving. This area is excellent for all occasions and is well known within the local community. A door to the rear of the second trading area, leads to a storeroom/ unloading area. Furthermore, a door behind the post office counter leads to an office space, with access to the accommodation above.

Fixtures & Fittings

All fixtures and fittings will be listed before an exchange of contracts in a detailed inventory.

Owner's Accommodation

The owner?s accommodation can be accessed via the door to the rear of the payment kiosk or via a private entrance to the rear of the property. \r
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The accommodation spans over two floors. The first floor offers two good sized bedrooms, lounge, a modern kitchen/diner and a bathroom. Meanwhile, the second floor offers a further two good sized bedrooms and a family bathroom. The owners currently live in the accommodation, but it could be let out to a third party, providing the access from the store is blocked up. The owners accommodation has been decorated to a high standard throughout.\r
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To the rear, the property offers a ample private driveway and well maintained garden.

The Opportunity

Greens Stores is a well-established local business and offers an incoming operator the opportunity to acquire a busy, local, independent convenience store and Post Office with an excellent reputation. The business is popular with local residents because it has retained many of its traditional features and so blends in with the village architecture.\r
The business is currently run to suit the lifestyle of the existing owners. The opening hours are easy to manage but there is no reason why the opening hours could not be changed if required. \r
Due to the store being unbranded there is complete owner freedom and flexibility to develop the business and premises in any way they deem suitable.\r
Greens has a fantastic reputation with a strong local following from the Withamside Community and was in 2020 was awarded the North Kesteven District Council Community Business Award and the National KP Local Legend Award.

Staff

A staff schedule can be provided upon request and is made up of the owner operators plus a small number of part-time staff. It is important to note that Tupe will apply for this transaction.\r
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No direct approach should be made to any staff members or customers.

Trading Information

We are in receipt of the year end accounts to 31st March 2019, 2020 & 2021\r
Gross profit margin - c27%-30%\r
We can also provide a full trading years? worth of quarterly VAT returns upon request.

Trading Hours

The store currently opens 7am ? 6pm Monday to Saturday & 7am ? 1pm on a Sunday.

Agent Details
Christie & Co
Suite 402 Bridlesmith House 38 Bridlesmith Gate, Nottingham, NG1 2GQ

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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