Shop for sale

Lancaster Road, Morecambe, Lancashire, LA4

Guide Price £25,000

Property Description

Full description

LOCATION

Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications on the A589 being 1 mile from an access junction to the M6 Link Road, due to open July 2016.

Torrisholme is a popular residential area of Morecambe with the village centre being a busy focal point for retail and commercial users. The subject premises are situated on Lancaster Road with nearby users including the likes of Booths, a One Stop branch and the George pub.

DESCRIPTION

Offered for sale is this successful and longstanding newsagent business within leasehold premises in the heart of the popular Torrisholme Village. The business is offered for sale within leasehold premises (purchaser to sign a new lease) although the freehold property the business occupies is also available to interested parties - please contact for further details.

ACCOMMODATION

RETAIL UNIT
Front retail area - approx 32.75 m2 (353 sq ft)
Rear office/stores - approx 19.56 m2 (211 sq ft)
Rear store room - approx 7.2 m2 (78 sq ft)
Rear office - approx 7.92 m2 (85 sq ft)
Access to basement
Net internal area of retail unit - 67.43 m2 (726 sq ft)

BUSINESS

The business is a successful newsagents enjoying an excellent reputation built up over many years with the proprietor now looking to retire. The business employs 24 junior staff undertaking paper round duties and 4 permanent, part time employees. Included in the sale are the fixtures and fittings and the associated goodwill. The turnover stands at 363,627 for year ended 29th September 2014. Accounts will be made available to genuinely interested parties.

TENURE

The purchaser of the business will sign a new 5 year, full repairing lease on the shop at a rent of 7,000 per annum.

SERVICES

All mains services connected up.

RATING

Rateable Value - 7,300

PRICE

Asking price of 25,000 for the fixtures, fittings and goodwill of the business.

VAT

All figures quoted are exclusive of, but may be subject to VAT at the prevailing rate.

VIEWING

Strictly by appointment with Fisher Wrathall. Parties should under no circumstance approach the business directly.

Nearest stations

  • Bare Lane (0.6 mi)
  • Morecambe (1.5 mi)
  • Lancaster (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fisher Wrathall, Lancaster - Commercial

The Old Warehouse, 6 - 8 Castle Hill, Lancaster, LA1 1YP

01524 930037 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

  • Bare Lane (0.6 mi)
  • Morecambe (1.5 mi)
  • Lancaster (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fisher Wrathall, Lancaster - Commercial

The Old Warehouse, 6 - 8 Castle Hill, Lancaster, LA1 1YP

01524 930037 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 johnmartinbusiness. 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 Fisher Wrathall, Lancaster - Commercial. 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.

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