Newsagent for sale in Colchester

Colchester, Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade approximately 2 minutes walk from the town centre, ESSEX

WE ARE INFORMED the turnover averages £9,000/£9,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £3,500 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £80 p.w.

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £26,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,400 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

The SPACIOUS living accommodation in the form of a SELF CONTAINED FLAT over, comprises:

4 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen

The vendor has currently let 3 of the rooms on shorthold tenancies and has a rental income of £200 p.w. however, we understand that vacant possession can be given on completion, if required.

Monday - Thursday inclusive - 5.30 a.m. - 6 p.m.
Friday & Saturday - 5.30 a.m. - 9 p.m.
Sunday opening - 5.30 a.m. - 12 noon only

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £130,000
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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