Established newsagents/convenience store/Off License on Watling Street Road
20
- Property Type: Retail
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- 1
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Fulwood, PR2
Price Asking Price £320,000
Established newsagents/convenience store/Off License on Watling Street Road
LOCATION:
The business is located in a parade on Watling Street Road in the Fulwood area in Preston also close by are Brookfield Park, Lancashire Infantry Museum & Deepdale Football Stadium home to Preston North End. The business is located close to local school & highly densely populated residential area.
BUSINESS:
he business was established over 40 years ago and only now is being offered to the market due to the owner retiring. The newsagents/convenience store/Off License is open 7 days a week and generates an excellent turnover and gross profit. The business has a very loyal customer base and benefits from a vast amount of repeat trade. We feel the turnover could be increased by extending the opening hours as well as hands on hardworking members of the team. This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level, therefore early viewing is highly recommended to avoid disappointment.
DESCRIPTION:
The turnover is generated from the sale of newspapers and magazines as well as general grocery items, tobacco products, alcohol, fresh fruit and vegetables and confectionary. The business also benefits from Payzone and Lottery terminals and the sale of lotto scratch cards. A full refurbishment was undertaken in early 2012 and was completed to a high standard with good quality fixtures and fittings in place including: Counter and EPOS till, Shelving, 3 x Display Fridges, 2 x Freezers, Magazine Racking, Suspended Ceiling with LED lights, CCTV System and Coffee Machine. Business has large retail area with three large storage area and office
USES:
A1/A2
TENURE:
Freehold £320,000
BUSINESS RATES:
Nil. However, all interested parties are encouraged to make their own enquiries with local authority
SIZE:
Approximately 1100 sq ft
OPENING HOURS:
Monday - Saturday 07:00 a.m - 21:00 p.m and Sunday 08:00 a.m - 20:00 p.m
STAFF:
Owner managed with 3 part time staff
UPPER PARTS:
Three-bedroom residential space above (separate entrance)
TURNOVER:
We are advised that the yearly turnover is approximately £520,000 per annum
ACCOUNTS:
Available in request
LEGAL COST:
Each party bear their own legal cost
LOCAL AUTHORITY:
Preston
REFERENCE CHARGE:
London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT:
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client accounts
FIXTURE & FITTINGS:
Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE:
London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
The business is located in a parade on Watling Street Road in the Fulwood area in Preston also close by are Brookfield Park, Lancashire Infantry Museum & Deepdale Football Stadium home to Preston North End. The business is located close to local school & highly densely populated residential area.
BUSINESS:
he business was established over 40 years ago and only now is being offered to the market due to the owner retiring. The newsagents/convenience store/Off License is open 7 days a week and generates an excellent turnover and gross profit. The business has a very loyal customer base and benefits from a vast amount of repeat trade. We feel the turnover could be increased by extending the opening hours as well as hands on hardworking members of the team. This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level, therefore early viewing is highly recommended to avoid disappointment.
DESCRIPTION:
The turnover is generated from the sale of newspapers and magazines as well as general grocery items, tobacco products, alcohol, fresh fruit and vegetables and confectionary. The business also benefits from Payzone and Lottery terminals and the sale of lotto scratch cards. A full refurbishment was undertaken in early 2012 and was completed to a high standard with good quality fixtures and fittings in place including: Counter and EPOS till, Shelving, 3 x Display Fridges, 2 x Freezers, Magazine Racking, Suspended Ceiling with LED lights, CCTV System and Coffee Machine. Business has large retail area with three large storage area and office
USES:
A1/A2
TENURE:
Freehold £320,000
BUSINESS RATES:
Nil. However, all interested parties are encouraged to make their own enquiries with local authority
SIZE:
Approximately 1100 sq ft
OPENING HOURS:
Monday - Saturday 07:00 a.m - 21:00 p.m and Sunday 08:00 a.m - 20:00 p.m
STAFF:
Owner managed with 3 part time staff
UPPER PARTS:
Three-bedroom residential space above (separate entrance)
TURNOVER:
We are advised that the yearly turnover is approximately £520,000 per annum
ACCOUNTS:
Available in request
LEGAL COST:
Each party bear their own legal cost
LOCAL AUTHORITY:
Preston
REFERENCE CHARGE:
London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT:
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client accounts
FIXTURE & FITTINGS:
Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE:
London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS:
Through London Properties by appointment only
Tenure : Freehold
- Reference number: lopr0_1315581277
- Admin Fees: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord
Additional Details
Property Features
- Kitchen-Diner
- Off-road Parking
- On-road Parking
- Garden
- Furnishing: Furnished
- Tenure: Freehold
- Current Occupant: Vendor
- Fridge Freezer
- Full Double Glazing
- Washing Machine
- Oven/Hob
- Gas Central Heating
- Combi Boiler
- Class: A1 : Shops
- Size: 1100