Freehold Town Centre Store with 3-Bed Flat for Sale in Scunthorpe Lincolnshire
Scunthorpe, Lincolnshire
- Status
FOR SALE
- Advert ID
645480
- Reference
T0035241G / Rightbiz
- Call Agent:
- Freehold: £239,950
- Turnover: £364,000 (£7,000 per week)
- Profit: Not Applicable
Business Details
Freehold Town Centre Store with 3 Bed Flat | Scunthorpe
Key Features:
- Freehold with 3-bed flat
- £7k-£8k weekly sales
- Prime town centre spot
- Flat rental £700-£750 pcm
- Lottery & off licence
- Parking for 2 cars
Telegraph News Shop sits in a solid position right by The Foundry Shopping Centre, Scunthorpe's main retail hub. The centre draws strong, consistent footfall throughout the week with a mix of national and independent retailers. It's proper town centre trading, not tucked away on a back street.
Scunthorpe itself is a sizeable industrial town with a population of over 80,000 and a wide surrounding catchment. There are ongoing town centre improvement schemes and regeneration projects aimed at strengthening the core retail area, which supports long-term trading stability.
The shop operates as a traditional newsagent and off-licence and is currently achieving weekly sales in the region of £7,000 - £8,000. Income streams include National Lottery, scratch cards and two established paper rounds. It's steady, dependable trade with clear scope to modernise the offer and increase average basket spend.
Above the shop is a self-contained three-bedroom duplex flat with its own entrance and a gated yard providing parking for two vehicles. The flat could realistically achieve £700 - £750 per calendar month if let, creating a second income stream alongside the shop.
The owners have run the business since 2017 and are now retiring. This is a genuine freehold opportunity with accommodation, sensible turnover and obvious room to improve.
Key points:
Freehold convenience store with residential accommodation
Weekly sales circa £7,000 - £8,000
Positioned adjacent to The Foundry Shopping Centre
Off licence, National Lottery, scratch cards and newsround
Two established paper rounds
Three-bedroom duplex flat with separate access
Gated yard with parking for two cars
Potential rental income £700 - £750 pcm
Scope to expand convenience range and increase margins
Established town centre trading position
Offers around £239,950 SAV | Ref: T0035241G
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VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01858 469469.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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