| | | REDUCED BY £71K NEWSAGENTS WITH LARGE OWNER'S ACCOMMODATION IN GREAT LUMLEY, DURHAM | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 5,697 TIME(S)
BUSINESS REFERENCE : 1711 / RightBiz | | | | | | Well established newsagents with excellent reputation and a national lottery sales point. Producing a net T/O c£5,000 not including paper sales or lottery. The sale price includes a hairdressing unit that we are advised brings in rent circa £7,000 pa. | | | BUSINESS LOCATION: | Great Lumley County Durham UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £279000 | | | | | | | | | | | BUSINESS DETAILS: | * Well established newsagents with excellent reputation
* Includes hairdressing unit with rent circa £7,000 pa
* Potential to extend trade areas – subject to planning
* Substantial 3 bed flat with lawned gardens to rear
* Weekly t/o circa £5,200 net per week not including paper sales and lottery sales
***REDUCED FROM £350,000 TO £279,000***
SITUATION
The business is prominently situated on the main road through Great Lumley. The village is located approximately 5 miles north of Durham and 16 miles south of Newcastle.
The area attracts a number of visitors due to its close proximity to Lumley Castle and the County Durham Cricket ground.
BUSINESS
The business has been owned and operated by our clients for the last 9 years and they are now looking to sell the business in order to retire.
The trade has grown continuously over the years with a strong reputation. The business presents the new owners with a great opportunity to further expand on the already well established turnover. The property consists of the shop and an extremely well presented and substantial 3 bedroom owner’s accommodation with mature lawned gardens to the rear and double garage to the front.
The shop is well equipped with good road side frontage, industrial lino flooring, serving counter with confectionary rack, national lottery sale point, tobacco shelving, 2 x card stands, 2 x drinks fridges, magazine racks and various shelving for convenience goods and stationery. To the rear of the shop is a store room with computer, kitchenette and staff wc. The shop has a separate alarm system and CCTV.
Further to the main shop there is a hairdressing unit that has recently been completely refurbished to a modern high standard throughout. There is a tenancy agreement in place with a formal lease agreement. The tenants are currently paying £135 per week rent. This unit can be bought as part of the shop sale if required or retained by current owners.
OWNER’S ACCOMMODATION
Located on the first floor and has access via the shop floor as well as separate access to the front of the property.
The flat consists of a 24 sq ft lounge, dining room, fully fitted kitchen and breakfast bar, large main bedroom with fitted wardrobes, 2nd bedroom with fitted wardrobes, 3rd bedroom currently used as an office, bathroom with bath and separate shower.
To the front of the property is a driveway with a double garage; to the rear are mature lawned gardens together with a further large lawned area.
EXTERNALLY
There is ample street parking for customers as well as a large car park opposite the property.
TRADING HOURS
Monday, Tuesday, Thursday & Fridays
6am – 5.30pm (12noon – 1.30pm closed for lunch)
Wednesday
6am – 7.30pm (12noon – 1.30pm closed for lunch)
Saturday
6am – 7.30pm
Sunday
6am – 12noon
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.
STAFF
The business is operated by the owner together with 3 part time members of staff.
TRADING INFORMATION
We are advised that the current weekly turnover is circa £5,261 for the year ending 2008. Net profits for the same period are in excess of £20,000.
Accounts will be made available to any genuinely interested parties who have viewed the business through Moralee & Co.
TENURE
Freehold
RATES
The rateable value of the premises is £3,066 with the rates payable for 2008/2009 being £1,381.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.
For further information please contact craig@moraleeandco.com | | | | | | FOR SALE | | | | | SELLER: | MORALEE & CO | | CONTACT: | 0191 2362277 | | REFERENCE: | 1711 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
