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2 bedroom convenience store for sale

2968. Wilsons Newsagent, The Green, Norton, Stockton-On-Tees, TS20

£385,000

Property Description

Commercial information

  • Business for sale

Key features

  • Occupies substantial 2-storey semi-detached corner premises
  • Prominent trading position close to the village green
  • Easy access to the A-road network and the A1(M)
  • T/O 778,000 per annum with a gross profit of 22.14%
  • Leasehold option available

Full description

Tenure: Freehold

Location
Wilsons Newsagent occupies substantial 2-storey semi-detached corner premises, ideally located in the sought-after village of Norton, near Stockton-On-Tees, Cleveland. The premises benefit from ample on-street parking and are surrounded by a densely populated residential area. The business has a prominent trading position close to the village green, enjoying a high footfall and much passing trade. There is a wealth of complementary shops, businesses and amenities nearby, including schools and a library. The premises boast easy access to the A-road network and the A1(M), which leads to Newcastle. Stockton-On-Tees town centre is just a short distance away and possesses further amenities and attractions. The village is popular with commuters and is a highly desirable place in which to live. Stockton-On-Tees lies approximately 2 miles to the south, while Middlesbrough lies 4 miles away.

Business History
Preferred Commercial is delighted to offer for sale this newsagent and off licence, which was established in the 1930s and which has been in our clients' careful hands since 2004. The newsagent is only now being offered to the market due to our clients' wish to retire. The business trades 7 days a week and generates a turnover in the region of 778,000 per annum with a gross profit of 22.14%. Wilsons Newsagent offers an extensive range of general CTN lines, convenience lines, alcohol, groceries, pet food and greeting cards, along with Paypoint facilities and the Lottery. We feel the turnover could be further increased by extending the range of products, such as hot and cold snacks and also sandwiches. There is scope to open all day on Sundays, as the store is currently only open till 2pm. The store enjoys much repeat trade from the local community. The property has been fitted to a high standard and well-maintained throughout. The premises boast self-contained 2-bedroom owners' accommodation to the first floor with lounge, kitchen and bathroom. The 2-bedroom flat could be let to generate an additional income. We feel this represents an ideal opportunity to acquire an already busy newsagents with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: 778,000 approx.
GP: 22.14%

Opening Hours
Mon - Sat: 6:00am to 6:00pm
Sun: 6:00pm to 2:00pm

Accommodation Details
Substantial 2-storey semi-detached retail premises with self-contained 2-bedroom flat. Briefly comprising:

Ground Floor
Retail area with counter with electronic cash register, a tobacco gantry, displays, coffee machine, fixed shelving and open display chiller
Storeroom
Office
WC with wash hand basin

First Floor
Large lounge with feature fireplace
Kitchen
2 x double bedrooms
Bathroom

External
Courtyard to rear
Small car park to front and side

Tenure
Advised freehold

Leasehold option available: 165,000 + SAV

Energy Performance Certificates (EPCs)

To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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Disclaimer

Property reference 2968. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Preferred Commercial, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.