Newsagent for sale in Hastings

Hastings, East Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, residential area, EAST SUSSEX

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,400/£1,500 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £200 p.w. The business also has Paypoint which we further understand provides a further commission of £60 p.w. We are further advised that the sales year ending 31st December, 2014 showed a turnover of £455,953 plus commission received of £14,223 providing a total turnover of £470,176 with a gross profit of £98,885.

Uniform Business Rates: £3,600 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The SPACIOUS living accommodation with separate rear ground floor entrance, all in VERY GOOD CONDITION and mainly FULLY CARPETED is at present let on a shorthold tenancy & provides a rental income of £850 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

Ground Floor
Spacious Hall

First Floor
Large Lounge with rear balcony
Spacious fully fitted kitchen
2 Double Bedrooms
Fully tiled bathroom with bath, w.c. and wash hand basin
In addition there is a fully tiled shower room with shower, w.c. and wash hand basin

Second Floor
3 Additional Double Bedrooms (including 1 very large)
Cloakroom with w.c. and wash hand basin

Monday - Friday inclusive - 5.30 a.m. - 7 p.m.
Saturday opening - 6.30 a.m. - 7 p.m.
Sunday opening - 6.30 a.m. - 1 p.m.

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £425,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £425,000
Tenure : Freehold
Status: Available
Sectors:
Newsagents
Off Licences
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