Newsagent for sale in Epsom

Epsom, Surrey


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, sought after town centre position, SURREY

WE ARE INFORMED the turnover averages £5,500/£6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,200 p.w. We are further advised that the gross profit is in the region of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £140 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 £28,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years. (As will be appreciated with the current rental income from the 2 flats of £20,400 p.a. the net rental payable at the present time is only £7,600 p.a. exclusive of rates).

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Included in the new lease are 2 SELF CONTAINED FLATS at present let on shorthold tenancies, however, we understand vacant possession can be given on completion, if desired.

Flat No. 1. SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING producing a rental income of £850 per month, comprises:

2 Bedrooms (1 double, 1 single)
Shower room with shower, w.c. and wash hand basin
Lounge
Kitchen

Flat No. 2. Also let on a shorthold tenancy and at present producing a rental income of £850 per month. The SELF CONTAINED FLAT comprises:

1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Lounge with fitted kitchen area

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 6 a.m. - 1 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £60,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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