Shop for sale

The Pantiles, Tunbridge Wells, Kent, TN2

58 sq. m. | £99,950

Property Description

Commercial information

  • Business for sale
  • 624 sq ft (58 sq m)

Key features

  • LEASEHOLD
  • NEWSAGENTS
  • REF 12594

Full description

Tenure: Leasehold

LOCATION
The business is located in the charming historic town of Royal Tunbridge Wells, Kent.

The business is located in the elegant and attractive walkway known as the Pantiles, home to a fantastic array of specialist independent shops, art galleries and eateries ensuring a constant and heavy footfall throughout the day.

Royal Tunbridge wells attracts thousands of visitors each year, drawn by the stunning architecture and rich history and abundance of attractions. The area is easily accessible located only 40 miles from central London. The A26 and A21 both serve the area and both the M20 and M25 are around 20 minutes away. The town also hosts a mainline train station and network of bus services run throughout the day.

BUSINESS
Offers considered for a quick sale.

Hilton Smythe is delighted to introduce to the market The Pantiles News. Established in the 1960's our clients have been successfully running the business since inception in 2015.

This traditional newsagents holds a varied stock including a wide range of wines and champagnes, beers and spirits, with a large gift and souvenir section, confectionery, ices, sandwiches, local pasties and rolls, greeting cards, jack beans 2 cup self-serve coffee serving the local community and high tourist trade.

According to the most recent set of accounts Pantiles News generated a fantastic turnover of 480,000 with a gross profit at circa 25%. The business offers 2 large paper delivery rounds generating a regular income of around 110,000 per annum. The business also benefits from a free ATM and Lottery sales.

The newsagents has the advantage of a monopoly trading position, being the only business of this type in the area and we are advised that 130 new 2 bed apartments are been developed across from shop which can only increase the already high footfall in the vicinity.

Early viewing of this prime position business is highly recommended, which genuinely comes to the market due to our client's other business commitments.

PREMISES
Attractive mid parade premise with large front retail terrace.

Beautifully presented retail area housing open drinks and food chiller, glass topped ice cream fridge, self-serve coffee machine, glass fronted wine fridge, new wines and beer shelving units, service counter and till, cigarette gantry, free ATM machine, confectionery shelving, slush machine, magazine and newspaper stands and sweet hanging units

Rear stockroom with full height wood shelving.
Kitchen area and toilet facilities.

TENURE
We are advised leasehold
The original lease length is 7 years
As of 2016, 6 years remain on the lease
Reviewed every 5 years
Rent is 12,000 per annum.
HOURS
The business opens:-

Monday to Saturday 7.30am - 5.30pm
Sunday 10.00am - 4.00pm

STAFF
The business is owner run and managed with the assistance of 2 members of staff.

FINANCIAL PROFILE
According to the most recent set of accounts Pantiles News generated a fantastic turnover of 480,000 with gross profit at circa 25%.

News sheets generate around 110,000 per annum.
The business generates around 1,000 lottery sales.

Nearest stations

  • Tunbridge Wells (0.4 mi)
  • High Brooms (1.8 mi)
  • Frant (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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

  • Tunbridge Wells (0.4 mi)
  • High Brooms (1.8 mi)
  • Frant (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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 12594. 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 Hilton Smythe, Bolton . 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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