Newsagent for sale in Waltham Cross

Waltham Cross, Hertfordshire


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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, HERTFORDSHIRE.

WE ARE INFORMED the turnover currently averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,800 p.w. We are advised by the vendor that the gross profit is in excess of 28%. 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 £150 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £27,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £9,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING is currently let on a shorthold tenancy and provides a rental income of £730 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

Monday - Friday inclusive - 6.30 a.m. - 7 p.m.
Saturday opening - 7. 30 a.m. - 7 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £49,500
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Off Licences
Stationers
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