Newsagents With Newspaper Deliveries & 3 Bed Accommodation

Polegate, East Sussex
Freehold Price:
£399,950
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Status
FOR SALE
Advert ID
201174
Reference
14132 J / RightBiz

Details

BUSINESS
Hilton Smythe are delighted to offer to the market Streeton News, this well-known newsagents has been trading on this site since the 1950’s and purchased by our clients in 2009. The newsagents is now available for sale to allow our clients to now retire.

The substantial freehold premise offers a large shop unit and a separate owner's 3 bed maisonette styled home accessed from the rear. This could be used by any new owner as their home or rented out to make additional profit from the building.

The busy newsagents sell an excellent range of newspapers, magazines, National Lottery, greeting cards, confectionery including loose sweets, cold drinks, ice cream and lollies, cigarettes, local bread and cakes, small range of household goods and stationery. Our client informs us they have 12 paper rounds covering the local area which brings lots of extra footfall when they come in to pay their bills.

Potential to increase the hours, refurbish the shop and add alcohol would help boost the current sales levels.

Our client uses both Bookers and Palmer and Harvey for stock deliveries as well as Menzies for newspaper and magazines.

Handover period offered.


LOCATION
Streeton News enjoys a corner trading position on the High Street in Polegate, East Sussex.

The premise sits alongside a popular choice of independent shops and bars including a busy train station and carpark linking commuters to both nearby Eastbourne and Brighton as well as London Bridge and London Victoria 70 miles north of this popular village.

There is also a main bus station taking locals to Eastbourne which is only 5 miles northeast of Eastbourne.

There is free parking in the adjacent streets as well as a large metered car park across the road next to the rail station.

PREMISES
Corner ground level shop unit with newspaper and magazine shelving to the right, central household good shelving, glass topped ice cream freezer, cigarette gantry, drinks fridge and a fixed wooden counter with rear shelving.

Access to -

Ground floor

Fully shelved stockroom and office area with CCTV camera.
Staff toilet.
Rear garage stockroom using to external garages (1 owned and 1 rented)
Communal yard with steps up to first floor accommodation.

First floor

Attractive sun trap terrace with glass porch way.
Kitchen dining area with new flooring throughout and high-quality kitchen units and appliances.
Living room with 2 large front windows.

Second floor

Family bathroom.
Master double bedroom.
Second double bedroom.
Third double bedroom with additional storage area.

TENURE
The business is being sold as a Freehold opportunity.

HOURS
Monday to Friday: 5.30-5.30
Saturday: 5.30-4
Sunday: 7-12

STAFF
Just husband and wife team, with the help of 8 paperboys.

FINANCIAL PROFILE
2016 accounts show a turnover of circa £205,000, with a gross profit of 27%.


Listing Details
Freehold Price: £399,950
Tenure: Freehold
Sector: Newsagents, Off Licences, Convenience Stores
Financials
Annual Turnover: £204,947
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