Newsagent for sale in Essex

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, excellent main road trading position, residential area, ESSEX

WE ARE INFORMED the turnover is in the region of £9,000 p.w. inclusive of VAT, in our opinion offering further potential to increase in the right hands. Wholesale newsbill £900 p.w. We understand the current post office income is in the region of £43,000 p.a. We are further advised that the sales year ending 31st March, 2014 showed £466,861 with a gross profit of £150,102 (including post office income of £54,794).

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop at a rental of £18,000 p.a. exclusive of rates for for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £3,150 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 5 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

The vendor is also prepared to consider the sale of the freehold property which would include 3 self contained flats over, each at present let on a shorthold tenancy and providing a rental income of £600 per month providing a monthly rental at the present time of £1,800 per month for the 3 flats. Each flat in very good condition & with full gas fired central heating, comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £750,000 plus STOCK AT VALUATION £15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £160,000
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Post Offices
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