petrol filling station to let/for sale stoney stanton service … · 2015-04-28 · unopposed...

Unopposed trading position Located on main route through dense residential area Potential to expand store Turnover £1.4m (year ending March 2013) Available free of tie

Petrol Filling Station TO LET/FOR SALE

Stoney Stanton Service Station, Stoney Stanton Road Coventry CV6 5DH

0870 777 6292 www.rapleys.co.uk

Description An established petrol filling station currently operating under the Pace brand (but offered free of tie) with a convenience store, which has recently been rebranded as Londis. The forecourt consists of 4 pumps in a 4 square formation with a separate HGV pump to the north of the site. Internally, the property provides a large fully stocked and well laid out shop area with separate staff area, store and WC. There is a large manager’s office at first floor with CCTV coverage of the site. There is a separate vacant ground floor office that could be separately let together with an area of office utilised by a used car retailer. We understand that the tanks are approximately 25 years old. We recommend that ingoing parties satisfy themselves with regards to all equipment and services prior to completion of the sale.

Note: the above areas have been calculated on a gross internal basis and must therefore be verified by the incoming tenant/purchaser. NB. We have not inspected the area let to the used car dealer therefore the total above excludes this space.

Location The property is located on Stoney Stanton Road (B4109) opposite its junction with Peel Street. The surrounding area is a mixture of commercial and dense terraced housing providing a good level of both walk-on and passing trade. Coventry is located on the M6 and the site has access from Junction 3. Coventry is the second largest city in the West Midlands and has a population of 316,900 (2011 Census).




Accommodation

Sq m

Sq ft

Retail Area 80.1 862

Kitchen 4.7 51

Store 27.9 301

First Floor 26.9 289

Total Accommodation 160.2 1,724

Site Area 0.08 Hectare 0.20 Acre

Ground Floor Vacant Office 20.6 221

Fuel Tie Agreement The forecourt is available free of tie but has previously been operating under the Pace banner with an average margin of circa 5ppl. Trading Information We have been supplied with the following trading figures:

Interested parties must satisfy themselves in all respects in assessing the trading potential of the property. No warranty will be provided. TUPE Regulations The property is currently run by the owner and his family so TUPE regulations will not apply Opening Hours 7.00 am - 10.00 pm - Monday to Saturday 8.00 am - 10.00 pm - Sunday

Turnover Gross Profit

2012 £1,349,447 £90,586

2013 £1,486,731 £103,897

Fuel Sales

£1,042, 456

£1,137,031

Shop Sales

£306,991

£349,700




Rapleys LLP is registered as a Limited Liability Partnership in England and Wales. Registration No: OC308311. Registered Office at Falcon Road, Hinchingbrooke Business Park, HUNTINGDON PE29 6FG. A full list of Members is available on our website or at any of our offices during normal business hours. Rapleys LLP operates an Environmental Management System which complies with the requirements of ISO 14001:2004. Regulated by RICS.

Any maps are for identification purposes only and should not be relied upon for accuracy. Reproduced by permission of Geographers A-Z Map Co. Ltd. Licence No. A0203. This product includes mapping data licensed from Ordnance Survey - © Crown Copyright 2001. Licence No. 100017302 and © Crown Copyright, All rights reserved. Licence No. ES 100004619. Misrepresentation Act: These particulars are produced in good faith and believed to be correct. Neither Rapleys, their joint agents (where applicable) or their client guarantees their accuracy and they are not intended to form any part of a contract. No person in the employment of Rapleys or their joint agents has authority to give any representation or warranty in respect of this property. All prices or rents are quoted exclusive of VAT.

Terms Two areas of the forecourt have been let on an informal basis to a used car retailer and a hand car wash operator, providing a total income of £12,500 pa, however, the site can be available with vacant possession if required. Offers are sought on a leasehold basis for the site subject to a premium for our client’s valuable interest. Alternatively, offers for the freehold will be considered. VAT All figures quoted are exclusive of Value Added Tax, which will be charged at the prevailing rate. Energy Performance Energy Performance Asset Rating - G. A copy of the Energy Performance Certificate is available upon request. Viewings & Further Information Viewing strictly by appointment through the sole agent. Additional information available upon request. Contact: Mark Frostick 01480 371456 [email protected]



Rating The forecourt is listed in the 2010 Valuation List as “Petrol Filling Station and Premises”. Rateable Value £13,000. Please note this is not the rates payable.

OFFER FORM

STONEY STANTON SERVICE STATION, STONEY STANTON ROAD COVENTRY, CV6 5DH

Subject to Contract CLOSING DATE FOR OFFERS: MIDDAY FRIDAY 20 DECEMBER 2013

Purchasing Company/Tenant Company:

Registration Number: Contact Name: Position: Address: Postcode: Tel: Email.

Solicitor Company Name: Contact Name: Address: Postcode Tel: Email.

Freehold offer:

Leasehold offer:

£ Rental Per Annum

£ Initial Premium All prices/rental are to be exclusive of VAT

Offer procedure

(i) Our client reserves the right not to accept the highest or any offer received.

(ii) Offers will be considered on a freehold or leasehold basis. Freehold Offers Freehold offers must provide proof of funding eg letter from bank, confirmation of existing funds etc. Any offer which are subject to external funding should clearly state the conditions upon which that funding would be available. Leasehold Offers Any leasehold offer will be subject to receipt of satisfactory references being provided. An initial 10 year term would be offered on a standard full repairing and insuring basis although alternative terms would be considered. A leasehold offer would be subject to an initial premium. A lease with an option to purchase would also be available.

(iii) The property to be sold or let in its existing use but subject to planning offers will be considered.

(iv) Following acceptance of an offer a party will be provided full access to

inspect the site and trading figures etc. (v) If your offer is subject to any further conditions these must be confirmed in

writing and attached to your offer. (vi) Interested parties must satisfy themselves as to the trading potential of the

site. (vii) The vendor and its agents shall not be responsible for any costs or expenses

incurred by the prospective tenant/purchaser through the sales procedure.

I have read and understood the offer procedure and attached any additional information required.

Name (PRINT)…………………………………………….. Date………………….... Signed…………………………………………………………………………………….... H:\Motor Trade\CASEWORK\0288\0191_001\Offer Form Stoney Stanton 11.11.13.doc

petrol filling station to let/for sale stoney stanton service … · 2015-04-28 · unopposed...

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