Convenience Store for sale

Tranent Paper Shop, 22 High Street, Tranent, Scotland, EH33 1HQ

Under Offer £107,000

Property Description

Commercial information

  • Business for sale

Key features

  • Weekly sales c. 10,500 (ex services)
  • Lottery sales c. 3,500 per week
  • Net Profit (after rent) c. 80,000
  • Option to purchase freehold Year 5
  • Prominent High Street location
  • Energy Rating G

Full description

Tenure: Leasehold

Description

A fantastic High Street newsagent with large volume of weekly sales and considerable net profits. No alcohol sales and short trading hours make this business an attractive proposition and easily manageable for a partnership or couple to operate.

Location

The subject property is located in the East Lothian town of Tranent, which is approximately 9 miles east of Edinburgh City Centre via the A1. The town boosts a population of circa 8,900 residents with excellent local amenities throughout.

The newsagents itself is situated on the north side of the High Street in a prominent location in the heart of the town centre.

Internal Details

A modern internal shop premises with wood panelling along the perimeter offering adjustable racking. Suspended ceiling with air conditioning overhead and durable flooring covering underfoot. Main sales counter immediately along the left hand side wall, housing an EPOS till and lottery terminal alongside. Along the opposite wall is extensive newspaper and magazine shelving with a large selection of cards and stationery to the rear.

Towards the rear are two storage areas and staff toilet.

Tenure

A new 20 year Full Repairing and Insuring lease is proposed. The starting rent is £15,000 per annum with 5 yearly upward only rent reviews.

Our clients are prepared to offer a tenant option to purchase the freehold property at year 5. Further information is available on request.

The Opportunity

A prominent newsagent business with sales approximately £10,500 per week excluding services.

National Lottery sales are a further £3,500 per week. The weekly newsbill is circa £2,500 with sales derived from a mixture of counter and small number of paper delivery runs. The business is very well run and generates significant profit margins (c.24%) and a Net Profit after rent at approximately £80,000.

Staff

Further information available on request.

Trading Information

Full trading, profit and loss accounts will be made available to seriously interested parties once a formal viewing has been undertaken.

Trading Hours

Monday to Saturday
6.00am - 6.00pm

Sunday
6.00am - 1.00pm

Business Rates

The property currently benefits from 100% rates relief. Interested parties should make their own enquires with the local Assessors Department.

Regulatory

National Lottery. The transfer of the National Lottery terminal will be subject to approval of Camelot PLC. Further information on request.


More information from this agent

Nearest stations

  • Prestonpans (1.1 mi)
  • Wallyford (2.4 mi)
  • Longniddry (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Prestonpans (1.1 mi)
  • Wallyford (2.4 mi)
  • Longniddry (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 5218551-lh. 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 Christie & Co , Edinburgh. 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.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.