HOME FURNISHINGS SUPERSTORE WITH RESIDENTIAL LETTING APARTMENTS IN GRIMSBY TOWN CENTRE

Fantastic opportunity to acquire long established & highly regarded Ltd Co offering excellent budget product range from extremely spacious & well fitted corner-sited showroom & warehouse premises with high volume of year-round regular & passing trade in prime town centre main road position. Comes with NINE self-contained letting apartment producing rental income £43K per annum & lots of further potential for 'hands on' operator or outstanding freehold acquisition for expanding investment portfolio. Sensibly priced for genuine retirement sale after many successful years trading in same hands with extensive inventory of fixtures & fittings included & early viewing strongly advised REF 1599

The subject property occupies an outstanding and highly visible corner trading position among other independent operators in the busy heart of the vibrant and historic seaside town of Grimsby, which lies with excellent access both to major road links (A16, A46, A180 and A18 etc.) and to the nearby popular holiday resort of Cleethorpes, on the delightful and ever popular north east Lincolnshire coast.

We are delighted to present this fantastic opportunity to acquire the valuable freehold rights to a thriving commercial and residential proposition of uncommon size, quality and further potential, which we are confident you will agree represents genuine value.

This very well established store currently primarily conducts an extremely popular retail and local delivery operation of an extensive selection of quality home furnishings aimed at the budget to middle range of the market.

The store’s products include beds and bedroom furniture, lounge suites and dining and occasional furnishings, all displayed to their best advantage in a bright, welcoming and extremely spacious showroom area.

“Woodlands Beds and Furnishings Ltd” also generates a considerable supplementary rental income from the property’s NINE smart and fully self-contained one, two and three-bedroom letting apartments and operates from premises of a size which would naturally furnish any enthusiastic purchaser with considerable scope for continued growth, not least with regard to possible expansion into other areas of the highly diverse home furnishings and interior design accessories market.

The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing products and services, particularly with reference to the possible introduction of online advertising and sales and to further development of its social media presence, in order to improve upon the already high levels of turnover it has achieved since being established in its present form some ten successful years ago by the current director, with the aid of a team of four experienced and motivated staff who would be an asset to any purchaser.

Alternatively, this versatile proposition would most certainly appeal to someone simply looking to very significantly increase their existing investment portfolio by the acquisition of a substantial and superbly located additional freehold property which would be eminently capable of achieving an even higher return on initial capital investment in terms of increased future rental income from the business and private accommodation alike, and we would strongly recommend the earliest possible viewing to avoid disappointment.

These extremely substantial and well fitted THREE-STOREY corner parade premises provide outstanding and highly functional internal business accommodation to the GROUND FLOOR, which briefly comprises a broad, inviting and glazed, double-door public entrance directly off Cleethorpes Road (A180) with an additional, currently unused entrance also available.

The current entrance leads directly into the main, bright, spacious and welcoming, ‘walk round’ retail sales and customer service showroom area, set out in open-plan, “superstore” style with diffused fluorescent lighting throughout, which affords extensive display space for a wide selection of quality budget and middle range home furnishings in addition to housing a reception and sales area with full complement of payment facilities.

The ground-floor premises also incorporate a fully furnished and equipped private and general administration office, with further ancillary accommodation consisting of a fitted staff kitchen/restroom area and all the usual washroom/WC facilities, together with a substantial range of general storage areas and separate, double-door access for deliveries to the rear.

The business premises also enjoy the added security benefits of steel roller shutters to the main entrances and windows and a full alarm system.

Accessed by means of its own separate, self-contained entrance and staircase from ground-floor level, to the FIRST AND SECOND FLOOR LEVELS the property provides a high standard of letting accommodation in a total of NINE smart and fully self-contained private apartments.

The apartments consist of 1 x one-bedroom apartment, 1 x two-bedroom apartment and 7 x three-bedroom apartments, all of which we understand are currently let on short-hold tenancy agreements to produce a considerable supplementary combined rental income of approximately £43,000 per annum.

The property also enjoys the benefit of gas central heating and double glazing throughout.

Externally:

To the front the business premises are well signed and presented and afford extensive and inviting, double-fronted display window space onto a very busy town centre commercial thoroughfare, with unrestricted customer parking available locally.

The property also incorporates a substantial and fully enclosed, concrete-surfaced service yard and loading bay area to the rear with secure gated access, which also provides secure private unrestricted off-road parking facilities for all the letting apartments.

The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price